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Property Listing Details

2 bed flat for sale

Brighton Road, Shoreham By Sea BN43

  • New home
  • Shared ownership

£84,000

(£108/sq. ft)

Features

  • 2 bedrooms
  • 1 bathroom
  • floor area775 sq. ft
  • Leasehold
  • Contemporary White Kitchen with integrated white goods
  • Bathroom with thermostatic shower over bath, large format wall and floor tiling
  • Video Entry System
  • Private balcony
  • Oak effect laminate floor to living areas with carpet to bedroom
  • Central boiler system with contemporary white radiators with trv valves
  • Cycle Store
  • 0.3 miles to Shoreham by Sea Station

Description

Caravel Court by Southern Home Ownership is a stunning collection of one, two and three bedroom apartments located in the harbour town of Shoreham-by-sea, available on a Shared Ownership basis.

For most people, the idea of living in a prime coastal location, close to an historical riverbank and surrounded by all the facilities you need for a modern lifestyle, is a distant dream. For residents at Caravel Court, Shoreham-on-Sea, it's exactly what you can expect.

Living areas are open planned, light and spacious, while décor is attractive and understated. Every home boasts its own balcony where you can breathe in the fresh air. If you love the idea of riverfront living, Caravel Court is a once in a lifetime opportunity.

Shared Ownership allows you to buy a share in a home with a mortgage and savings or deposit. Whilst you only purchase a share, you live in your home as if you owned it outright. It's a government backed initiative that could be your stepping stone route onto the property ladder.

Eligibility Criteria:
Live or work in Adur & Worthing District.
Have a gross household income of no more than £80,000 per annum.
Are unable to purchase a suitable home to meet your housing needs on the open market.
Do not already own a home or you will have sold your current home before you purchase.

Price breakdown:
Full value: £280,000
Share: 30%
Share value: £84,000
Monthly Mortgage*: £472
Monthly Rent**: £449
Monthly Service Charge Estimate: £130

The mortgage rate is based on a 95% repayment loan over 25 years at an interest rate of 5% (this assumes you will be paying a 5% deposit). This figure is a guide only - you must obtain advice from a qualified advisor.**The monthly rent is calculated at 2.75% per annum of the value of the share that you don't purchase. Prices are based on a valuation carried out by a RICS qualified surveyor (valuations are subject to review).

Computer generated image and internal photography are intended for illustrative purposes only and should be treated as general guidance only.

Floorplan

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • St Peter's Catholic Primary School, Shoreham-by-Sea 0.3 miles
  • St Nicolas & St Mary CofE(Aided) Primary School 0.4 miles
  • Shoreham-by-Sea 0.7 miles
  • Southwick 1 miles

Price history

Sold prices provided by Land Registry
29th Jun 2018 £84,000 First listed

Running costs

Mortgage calculator

£ per month

How much could I borrow?

In association with

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Property descriptions and related information displayed on this page are marketing materials provided by Southern Home Ownership. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Southern Home Ownership for full details and further information.