Hyde New Homes at Shopwyke Lakes

3 bedroom homes in Chichester, Chichester, PO20 2EP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £112,500 for 30% share
Full price from £375,000
Min deposit from £11,250
Bedrooms 3
Bathrooms 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

Last available home remaining! Don't miss out - register your interest today!

Hyde New Homes are pleased to offer the last available home from the sought after collection, Shopwyke Lakes -  a selection of two and three bedroom houses available through the Shared Ownership scheme, situated just over a mile to the east of Chichester’s famous city centre.

Local area information

A wide range of high street stores, boutiques, restaurants, bars and leisure facilities are close at hand. Nestled between the South Downs National Park to the north and the award winning beaches of the south coast, there are endless opportunities to take advantage of and enjoy the great outdoors

The A 27 connects you quickly to Brighton, Portsmouth, Southampton and the New Forest, as well as to London via the A3(M).

There is also rail connections from Chichester station with services to London Victoria and London Waterloo in around 1 hour 30 minutes and 1 hour 45 minutes respectively, as well as regular trains to Brighton, Portsmouth and Southampton.

Local schools have an excellent standard of education provided by both state and private schools, including the Prebendal School, Westbourne House School, Bishop Luffa School, Chichester High School for Girls and Chichester High School for Boys, together with the outstanding Chichester College and University.

Status Plot No. Floor Beds Min share price Eligibility
Available 93 N/A 3 £112,500 View details

FAQ's

Min share price from: £112,500 for a 30% share
Full price from: £375,000
Minimum deposit from: £11,250
Monthly rent from: £602
Bedrooms: 3
Bathrooms: 1

There is only one available priced at £112,500 for a 30% 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.

Hyde New Homes at Shopwyke Lakes

3 bedroom homes in Chichester, Chichester, PO20 2EP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £112,500 for 30% share
Full price from £375,000
Min deposit from £11,250
Bedrooms 3
Bathrooms 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