Farrenden Way, Eastergate, Chichester, West Sussex, PO20

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 3 bedroom family home.

Shares start from 25%

Shared Ownership, also known as 'part-buy, part-rent' is a great option for new home buyers, or for
those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £90,000 FULL MARKET VALUE £360,000

• Monthly rent example on un-owned 75% share: £618.75

• Monthly initial estimated service charges: £35.94

• Council Tax Band: TBC

• Predicted energy assessment rating: TBC

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitablehome on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the
housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now

• You’re forming a new household (for example, following a relationship breakdown)

• You’re an existing Shared Owner and want to move to a new home

• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying
your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.


At The Paddock, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

VIVID is selling these homes off plan, so viewings are not available until later on in your purchase.

We are currently only accepting applications from applicants who meet the following criteria to the Arun District Council area:

• Currently living in Arun and has done for at least 3 continuous years
• Currently living in Arun and has done for at least 5 non-consecutive years in the last 10-year period
• Currently works in Arun with at least 16 hours a week for at least 2 continuous years and remains working in the Arun District

Needs to be in the Arun District to give or receive regular daily support from or to a close relative (parents, adult children, siblings). The support must be such that it is required on an ongoing and long-term basis and is not capable of being provided by other family members or available support agencies. The close relative must be permanently resident in the Arun District and have lived in the district continuously for at least 10 years immediately prior to the application date.

If you don't meet the local connection requirements above and you'd like to hear if this criteria changes, and find out about future developments, join our mailing list here

The Central Convenience Store in the village, open from 6am to 10pm every day, provides most everyday needs including groceries, wine and beer, and incorporates post office facilities. Other shops can be found within 20 minutes’ walk at an Esso station and in Westergate. The village also has an Indian restaurant and a traditional, family-run pub, the Wilkes Head, which features an inglenook fireplace and an attractive garden and offers a varied menu and periodic live entertainments. There is a GP practice, the Croft Surgery, in Eastergate, and Bright Starts day nursery, Eastergate Primary School and Ormiston Six Villages Academy, all assessed as ‘Good’ by Ofsted, are all within fifteen minutes walk of the development. Fontwell Park Racecourse, to the north of The Paddock, complements its normal racing schedule with themed race days, including family events, throughout the year. Other sports and leisure amenities in the village include the Six Villages Sports Centre with its modern, well equipped gym. Eastergate Sports Pavilion is the home of Eastergate Cricket Club, which fields two senior league sides and several junior teams, while Barnham Trojans, one of the largest youth football clubs in West Sussex, meets at the nearby Aldingbourne Community Sports Centre. Regular talks and activities, such as quiz nights, are held in Eastergate Village Hall. The Paddock is also extremely well situated for access to miles of outstanding natural landscapes. South Downs National Park is around a mile to the north, and the beautiful beaches and seaside attractions of Bognor and the south coast are only five miles away.

ADDITIONAL INFORMATION

Services:
Water – Mains
Gas - Mains
Electric - Mains
Sewage - Mains
Heating – Ask agent

Materials used in construction: TBC
How does broadband enter the property: TBC

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online