Asking Price £183,750

1 bed apartment for sale in Barnham Road, Eastergate, PO20 (ref: BRS230591)

Shortlist

Key Features

  • New One Bedroom Shared Equity First Floor Apartment
  • 75% of the Full Open Market Value of £245,000 with no rent to pay on remaining 25%
  • Anticipated Completion April/May 2024
  • On Borders of Eastergate and Barnham
  • Kitchen/Living Area
  • Double Bedroom
  • Two Allocated Parking Spaces
  • Air Source Heat Pump
  • Flooring Included
Plot 2 at Foxhills is a fabulous One Bedroom SHARED EQUITY First Floor Flat with its' own private entrance. There is a fitted Kitchen/Living Area, a large Double Bedroom and Family Bathroom. There is a spacious landing with storage cupboards, and the property also benefits from an Air Source Heat Pump and two Allocated Parking Spaces.

Currently under construction by Elivia Homes Ltd on behalf of Landspeed Homes Ltd, this property can be purchased at 75% shared equity of the full open market value of £245,000. There is NO RENT TO PAY on the 25% balance. Anticpated completion is in April/May 2024.

Certain criteria must be met in order to purchase this property and if you presently live, work or have a close family connection in the Arun District Council are and are unable to purchase a new home in the open market you may be eligible. Full information regarding the shared equity scheme is available upon request.

*** WHY RENT WHEN YOU COULD BUY? ***

With a £20,000 deposit you could secure this fabulous, shared equity One Bedroom apartment on the borders of Eastergate and Barnham, with a monthly mortgage payment of £813* (subject to meeting certain criteria in order to purchase and a mortgage of £163,750 over 35 years. *During the fixed rate period. Subject to affordability)

The internal photographs are from previous Landspeed developments and the specification may vary from that offered on this property at Foxhills and they are for illustrative purposes only.

Kitchen/Living Area7.09m x 4.1m

Bedroom4.72m x 3.38m

Stamp Duty Due

Based on a sale price of £183,750 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

1 bed apartment for sale in Barnham Road, Eastergate 0

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Previous Development

Further Details

  • Status: Available
  • Size: 618 sq ft
  • Tenure: Leasehold
  • Tags: Energy Efficient, New Home, Parking and/or Driveway
  • Reference: 553941

Location