Shopwyke Lakes

Shopwyke Lakes, Eider Drive, off Shopwhyke Road, PO20 2LS
Shared Ownership

Shopwyke Lakes

Shopwyke Lakes, Eider Drive, off Shopwhyke Road, PO20 2LS

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From £187,500 for a 60% share
With min. deposit £9,375

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£187,500

3 Bedrooms Semi-detached house

Property Number The Gosford - Plot 157
Availability FOR SALE
Advertised Share 60%
Full Market Price £312,500
Deposit From £9,375
Monthly Rent £286
Monthly Mortgage Cost £1,037
Monthly Service Charge
Estimated Monthly Cost £1,324
Bedrooms 3
Bathrooms
Number Of Floors 2
Tenure Leasehold

Shopwyke Lakes

Shopwyke Lakes, Eider Drive, off Shopwhyke Road, PO20 2LS

Overview

Own New Rate Reducer
- Mortgage rates below 2.03% available with Own New Rate Reducer.*
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Terms & Conditions apply. To find out more click here.

*Example assumes a 5% homebuilder incentive and is based on mortgage rates available in the market, with a 2 year initial period and an LTV of 75%. Savings made in the initial fixed period. Independent financial advice must be sought from a regulated mortgage broker to access this scheme. Your home may be repossessed if you do not keep up your mortgage repayments. Rates valid as of 24/05/2024.



Shopwyke Lakes is a new collection of homes on the outskirts of Chichester.

Whether you're a first-time buyer searching for your ideal starter home or an existing homeowner looking to step up the property ladder to a bigger place, Taylor Wimpey’s development features a range of high quality 3 & 4 bedroom homes in various styles, as well as large areas of public open space, making Shopwyke Lakes the perfect place to call home.

For more comprehensive information on Shopwyke Lakes, why not download the brochure to see all house types being offered and a more user friendly siteplan showing how Shopwyke Lakes will look when complete. Alternatively, why not call us today and speak to one of our sales executives about how we can get you moving.

Brochures

Site Plan

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

The eligibility criteria for Shared Ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify.

Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.

There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.

No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.

All Shared Ownership properties will have a service charge. If there is not one showing on the listing it will be in the Key Information Document that is available with the listing.

In shared ownership, a service charge is a monthly or periodic payment made by the shared owner towards the cost of maintaining and managing the communal areas of the building or estate. It's separate from the rent paid on the share of the property not owned.

Disclaimer

Terms and conditions apply. Prices correct at time of publication and are subject to change. Photography and computer generated images are indicative of typical homes by Taylor Wimpey.

Affordability Calculator

Disclaimer

The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 4.75% over a 30-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.

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