Fairs Field, Steyning
£202,500

SHARED OWNERSHIP APARTMENT FOR RESIDENTS OVER 55 YEARS OLD. Fairs Field is a modern development of apartments built in 2014 by Saxon Weald in the heart of Steyning with communal gardens, parking and bike store. Number 15 is a lovely light and bright first floor flat benefitting from its own private entrance which leads up to a long and wide hallway. The large open plan living room has a private balcony overlooking the communal garden and a spacious double aspect kitchen area with a range of matching units in Walnut with integrated appliances including dishwasher, cooker and fridge freezer. There is also a washing machine. The two bedrooms both have wardrobes while across the hall is a spacious bathroom with white suite and large walk in airing cupboard. The property has gas fired heating with a Worchester boiler and double glazing. it has neutral decoration with carpets in most rooms. Outside there are communal gardens and the flat has an allocated parking space while there are also several visitor bays. Vacant with no onward chain. £202,500, based on a maximum 75% share so there is no additional rent. The apartment is offered to people over the age of 55. Charges include a monthly service charge of £91.74 for the financial year ending 31 March 2023. Please note that there is a ground rent at £120 per annum. Am I eligible? Social tenants will be given priority. If your annual household income is more than £80,000 you will not be eligible. You will also need around £2,500 to cover the legal costs of buying a home, plus enough money saved for your deposit - which will be from 10 to 15 per cent of the cost of your share, depending on your mortgage lender. You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges. Remember you will also have to pay household bills including gas, electricity and water. To be considered for Older People's Shared Ownership, you will be required to complete an affordability assessment. Living room 15' 8'' x 13' 0'' (4.77m x 3.96m) Kitchen 12' 0'' x 9' 4'' (3.65m x 2.84m) Balcony 10' 9'' x 5' 5'' (3.27m x 1.65m) Bedroom 1 11' 9'' x 11' 8'' (3.58m x 3.55m) Bedroom 2 15' 7'' x 9' 3'' (4.75m x 2.82m) Bathroom 8' 8'' x 6' 7'' (2.64m x 2.01m