Newlands Place, Seaford

An opportunity to acquire a 75% share of this two-bedroom second-floor apartment, built in 2023 with the remaining 8 years of the 10 year NHBC warranty.

The accommodation comprises two double bedrooms, bathroom and open plan kitchen and living room. There is also an allocated parking space.

To be eligible to buy the apartment you must meet the criteria with both of the following applying:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
Also one of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Communal entrance door to hallway with stairs and lift to all floors.

Accommodation - Accessed via the communal landing on the second floor to the wooden trance door for Flat 9
ENTRANCE HALL
Radiator. Storage cupboard with space for washing machine and electric consumer unit.
KITCHEN / LIVING ROOM
Kitchen area:- Range of wall and base units. Work surface with inset sink and drainer. Wall mounted 'ideal' gas fired boiler. Integrated dishwasher, fridge and freezer.
Living area:- Dual aspect with double glazed window to side and rear. Also double glazed patio doors with Juliet balcony to rear. Two radiators.
BEDROOM ONE
Double glazed window to rear. Radiator.
BEDROOM TWO
Double glazed window to front and side. Radiator.
BATHROOM
White suite comprising bath with shower above, close coupled WC and pedestal wash basin. Double glazed window. Towel rail. Extractor fan.
OUTSIDE
Allocated parking space numbered 161

Outgoings - Lease of 989 years
If you buy a 75% share, as advertised, the share purchase price will be £210,000 and the rent on the remaining 25% will be £168.50 a month. The rent will be reviewed each year by a set formula using the Retail Prices Index (RPI) for the previous 12 months plus 0.5%.
Service charge £66.94
Estate charge £10.53
Buildings insurance £20.48
Management fee £36.73
Reserve fund payment £47.17
Total monthly payment excluding rent £181.85 (£2182.20 per year). Total monthly payments including rent, if buying the 75% share as advertised, £350.35 (£4204.20 per year)

Please be advised that, in accordance with section 18 of the Estate Agents Act 1979, the seller of this property is related to a member of staff at David Jordan Estate Agents Ltd.

Disclaimer - Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built in furniture.