40 Millpond Lane

2 bedroom homes in Horsham, Southwark, RH12 0AQ

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £125,000 for 50% share
Full price from £250,000
Min deposit from £6,250
Bedrooms 2
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

This is your opportunity to purchase a 55% share in a fantastic two double bedroom first floor apartment located on the desirable Kilnwood Vale development close to the market town of Horsham.

Local area information

Kilnwood Vale is located in the picturesque village of Faygate, close to the A264 which provides excellent links into the nearby towns of Horsham and Crawley, as well as being a few minutes away from the M23/M25 motorways and Gatwick Airport.

The bustling market town of Horsham is a few minutes away, with its pretty tree-lined streets, narrow paved 'twitterns' and historic architecture it is one of the most idyllic towns in Sussex.  For shopping in the town you will discover Swan Walk, Piries Place, The Forum and the recently opened John Lewis super store. There are a wonderful selection of coffee shops and eateries to explore around the town and in Horsham's East Street. The Causeway is where you will find the Horsham Museum and a series of listed buildings and houses, at the southern end of the Causeway is the beautiful St Mary's Church. There is a local traders market held in the town on Thursdays and Sundays and themed events held throughout the year including French and Italian festivals. The town also offers a fantastic leisure centre including gym and swimming pool. The town itself is surrounded by open countryside ideal for long walks and cycling.

The thriving and dynamic town of Crawley is also a short distance from Kilnwood Vale. Crawley has a vibrant and expanding town centre with more an abundance of shops in the towns County Mall shopping centre. The leisure park offers a 15 screen cinema, bowling alley, gym and a selection of eateries. The local theatre provides one of the liveliest and most diverse programme of arts and performance in the South East and Tilgate Park is ideal for long walks and boasts a large childrens play area, maize, farm and the famous Smith and Western restaurant!

Status Plot No. Floor Beds Min share price Eligibility
Available 40 First 2 £125,000 View details

FAQ's

Min share price from: £125,000 for a 50% share
Full price from: £250,000
Minimum deposit from: £6,250
Monthly rent from: £257
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £125,000 for a 50% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

40 Millpond Lane

2 bedroom homes in Horsham, Southwark, RH12 0AQ

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £125,000 for 50% share
Full price from £250,000
Min deposit from £6,250
Bedrooms 2
Bathrooms 1
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes