*From 60% ownership under Orbit Housing Shared Ownership Scheme or outright purchase for £200,000*
A beautiful two bedroom purpose built penthouse apartment with stunning sea views, south westerly facing balcony with panoramic views, private off road parking, lift, gas central heating system, double glazed windows and doors, open plan kitchen/ living, viewing highly recommended by RWW sole agents.
How does it work?
If outright purchase is not an option for you, this scheme offers an alternative to renting. You can buy an initial share in a new home that you can afford, helping you into home ownership in manageable stages.
This scheme has previously been known as “Part Buy, Part Rent”, and both new-build and re-sale (older) properties are available.
The Housing Association or Registered Provider will offer initial shares of between 25% - 75% of the full purchase price. You pay a subsidised rent on the remaining share that the Housing Association or Registered Provider still own. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.
In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home.
With most properties you are eventually able to own the property outright if you wish to, although there are some restrictions on rural schemes.
Am I eligible?
Your annual household income can be no more than £80,000.
You should be unable to purchase a home suitable for your needs without assistance.
You cannot be a current home owner (or be named on the deeds of another property).
You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
Security entry system, lift to top floor.
Double radiator, built-in double door cloaks cupboard.
7.44m x 6.20m (24'5 x 20'4 )
Stunning bay with spectacular panoramic views over Bexhill towards Eastbourne and Hastings the other side. Beautiful views over the sea, double glazed door leading out onto a SUN BALCONY which is south westerly facing, double radiator.
KITCHEN AREA: Comprises a range of base and wall units with laminated straight edged wood block effect worktops, one and a half bowl single drainer sink unit with mixer tap, built-in oven and grill with gas hob, brush stainless steel splashback, extractor canopy and light, built-in washing machine, built-in fridge/freezer.
4.72m x 3.58m (15'6 x 11'9 )
French doors leading out onto balcony with window with spectacular views over Bexhill and the sea, double radiator.
6.32m x 2.03m (20'9 x 6'8 )
Double radiator, window to front elevation, southerly aspect.
Suite comprising panelled bath with hand shower attachment and shower fixing, w.c. with low level flush, pedestal wash hand basin with tiled splashback, double radiator, engineered oak flooring.
£117.86 per month service charge.
Please note that the rental amount payable to Orbit if it is jointly owned is £186.95 per month.
None of the services or appliances mentioned in these sale particulars have been tested. It should also be noted that measurements quoted are given for guidance only and are approximate and should not be relied upon for any other purpose.