3 bed semi-detached house for sale in Mabel Way, Hailsham BN27, £143,500

143,500.00

Offer Nr.:
65630068
Type of ad:
for Sale
Property type:
3 bed semi-detached house
Bedrooms:
3
Bathrooms:
1
Contact name:
Hastoe Housing - Resale Properties
Phone(s):
020 7768 1214

* Leasehold
* Private garden
* Off street parking
* Central heating
* Double glazing
This three bedroom semi - detached house, is an ideal opportunity to get on to
the property ladder with Hastoe. It is being sold under the shared ownership
scheme whereby you purchase a share in the property and pay a reduced rent on
the remaining Hastoe equity.
EPC= B87
Term remaining on lease: 117 years
Property features:
Parking for two cars
Private garden
Fitted kitchen
Central heating
Double glazing
Over - bath shower
Kitchen: 8. 2m2
Living room: 22. 4m2
Bathroom: 4. 4m2
Bedroom 1: 11. 2m2
Bedroom 2: 12. 7m2
Bedroom 3: 7m2
Garden: 90. 2m2
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the shared ownership scheme.
Have a local connection to the area.
Costs:
Full Market Price: £350, 000
Minimum Share: 41%
Share Value: £143, 500
Monthly Rent: £442. 86
Service Charge pcm (including buildings insurance): £46. 94
Total Monthly Charge: £489. 80
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be
able to purchase a home of their own. This may be because you can’t meet the
full mortgage repayments, save a sufficient deposit, or both. With shared
ownership, you buy a percentage of your home and pay a reduced rent on the
share you don’t own
This property has restricted staircasing to ensure the property remains
affordable for future generations of local people.
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market
value. Hastoe will charge you rent on the share you don’t own plus a service
charge. This service charge covers things like buildings insurance and estate
maintenance.
About Hastoe:
Hastoe owns and manages over 7, 500 homes in 70 local authority areas. Our
properties are predominantly rural and we specialise in providing sustainable
and affordable rural housing to enable local people to remain within their
communities.

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