Last home

Uplands Park

Park Road, Hellingly, BN27 1HJ, BN27 1PB
Shared Ownership

Uplands Park

Park Road, Hellingly, BN27 1HJ, BN27 1PB

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From £185,000 for a 50% share
With min. deposit £9,250

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£185,000

3 Bedrooms Semi-detached house

Property Number 35
Availability FOR SALE
Advertised Share 50%
Full Market Price £370,000
Deposit From £9,250
Monthly Rent £424
Monthly Mortgage Cost £971
Monthly Service Charge £78
Estimated Monthly Cost £1,474
Bedrooms 3
Bathrooms 2
Number Of Floors 1
Tenure Leasehold

Uplands Park

Park Road, Hellingly, BN27 1HJ, BN27 1PB

Overview

Final Home on this development 

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Located in the south east of Sussex, around 7 miles of the coast and situated between the well-forested hills of the southern Forest Ridge and the undulating chalk countryside of the South Downs, Hailsham is surrounded by very appealing and unspoilt scenery.

Hailsham is ideally positioned for ease of access to many of the larger towns of Sussex and the south coast. Many of these surrounding towns and cities with their more extensive shopping centres and entertainment facilities including: Eastbourne, Hastings and Tunbridge Wells. It is also within easy reach of Gatwick airport, Channel ferry terminals, the Channel Tunnel and London.

Travel Times

  • 9 mins Polegate to Eastbourne
  • 38 mins Polegate to Brighton
  • 1hr 30 mins Eastbourne to London Victoria
  • 3 mins Hailsham Primary School
  • 5 mins Hellingly County Park
  • 3 mins Amberstone Hospital
  • 5 mins Tesco Superstore
  • 19 mins Eastbourne

Key Features

  • 3 bedroom semi-detached home
  • Downstairs WC
  • Storage space
  • Allocated parking
  • En-suite to bedroom one
  • French doors to rear garden
  • Flooring included
  • There will be an added service charge

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.

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 5.25% 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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