2 bed flat for sale

Tudor House, St Margarets Way, Midhurst GU29

Shared ownership (Advertised price represents 25% share. Full market value £270,000). Tudor House forms part of a development known as ‘The Montagues’, built in the grounds of the Grade-ii listed building that was formerly St Margaret's Convent. The property available is a ground floor flat accessed via a private entrance leading to an entrance hallway with built-in storage/utility cupboards. There are two, good-sized double bedrooms, a naturally-lit bathroom and a twenty-three-foot, open-plan kitchen/reception room. A door leads from the kitchen area out to a small, east/south-east-facing rear garden. Midhurst is an attractive town which dates back to medieval times and lies in the heart of the South Downs National Park. A wide range of shops can be found nearby, along with schools, churches, public houses, a sport/community centre plus golf and polo facilities at Cowdray Park and racing at Goodwood. The railway station at Haslemere is approximately eight miles to the north and provides services between Portsmouth/Southampton and London Waterloo. Chichester’s many amenities are around twelve miles south with the coast also within easy reach.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/09/2014).
Minimum Share: 25% (£67,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £540.63 per month (subject to annual review).
Service Charge: £114.69 per month (subject to annual review).
Ground Rent: £200.00 for the year.
Guideline Minimum Income: Dual - £30,000 | Single - £35,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Chichester District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Reception

23' 6" max. X 13' 11" max. (7.16m x 4.24m)

Kitchen

Included in reception measurement

Bathroom

6' 10" max. X 6' 7" max. (2.08m x 2.00m)

Bedroom 1

12' 5" x 10' 7" (3.78m x 3.23m)

Bedroom 2

12' 6" max. X 12' 6" max. (3.81m x 3.81m)