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Priority will be given to those with a local connection to Arun Distict Council in the first instance.
Features
- Private garden
- Allocated parking
- Modern fitted kitchen with built-in oven, hob & extractor
- Stylish family bathroom suite
Description
<p>Currently under construction, Eastergate Park, located on Fontwell Avenue is a brand new development of 2 & 3 bedroom homes available with shared ownership in Eastergate. Each home is designed for modern living with private gardens and allocated parking.</p> <p>Close to Fontwell Racecourse, Eastergate has a small range of local services and is ideally located for access to local attractions just 4 miles from the traditional seaside town of Bognor Regis and 5 miles from the Cathedral City of Chichester. The market town of Arundel, situated in the South Downs and sitting on the River Arun is 6 miles away.</p> <p>Ormiston Six Villages Academy in Westergate is a coeducational secondary school with academy status.</p> <p><strong>These homes are scheduled for completion from Summer 2022. Register today!</strong></p>
Location
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FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then shared ownership could be right for you
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
You buy a share in your home that’s right for you. That could be from 25% up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.