Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
Don't miss your chance to own a 50% share in this delightful and spacious three bedroom semi-detached family home located in the bustling village of Southwater.
Walking through the front door you are welcomed by a small hallway with a door to the right offering the ideal space for storing coats and shoes.
Straight ahead is the spacious living room which leads through to the open plan kitchen/diner.
The kitchen is modern, well equipped and boasts plenty of cupboard and work top space. There is ample space for a dining table and chairs; it is easy to imagine preparing dinner whilst chatting to family and friends.
Large patio doors lead through into the conservatory which in turn leads out into the large private garden. The patio area is ideal for a table, chairs and BBQ. Steps from the patio lead upto on the large lawn which is easily maintained and edged by borders; perfect for plants and shrubs.
Climbing the stairs from the living room, straight ahead you are greeted by the family bathroom which is modern, clean, bright and offers shower over bath; the ideal space for relaxing after a long day!
The master bedroom is spacious, neutrally decorated and benefits from double fitted wardrobes. The further two bedrooms are a good size , both benefit from large windows which allow the light to flood in making them feel bright and airy.
This delightful house benefits from two allocated parking spaces and small front garden.
76 years remaining on the lease.
Local area information
Southwater is a modern village located south of the historic market town of Horsham which offers plenty of things to see and do for the whole family!
Southwater Country Park offers 70 acres of beautiful water and landscape where you can canoe, sail, cycle and walk.
The Downs Link cycle path sweeps through the village and follows the route of the old railway line which leads South to Shoreham, and Worthing, or North to Guildford.
There are plenty of local facilities in the village including shops, restaurants, takeaways and pubs or venture a little further a field to Horsham, which is less than 5 miles away and offers an array of high street shops as well as unique boutique stores plus plenty of café’s, restaurants, bars and bakeries to visit!
The Capitol in Horsham is a multi-purpose arts venue which boasts a 410 seat theatre, 2 cinema screens plus gallery space. If you prefer something more active then why not visit Pavilions In The Park for swimming, gym, fitness classes and for the children there is a soft play zone!
There are a number of schools within close proximity including Southwater Infant Academy and Tanbridge House School.
There is easy access to the local M23/M25 motorways and regular bus services offering services directly into Horsham.
Min share price from: £165,000 for a 50% share
Full price from: £330,000
Monthly rent from: £248
There is only one available priced at £165,000 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.