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    Jersey House

    • Apartment
    • 2
    • Westcliff-On-Sea, Essex
    • Terrace

    Located in the prime area of Westcliff-on-Sea, this 2-bedroom apartment in Jersey House offers a comfortable living space with a balcony for enjoying the sea breeze. The property features a modern bathroom, a spacious living room, and double-glazed windows, ensuring a peaceful atmosphere. With proximity to the train station, schools, and the seafront, this apartment provides both convenience and tranquillity. Residents can benefit from allocated parking in a gated underground garage and access to a rooftop terrace.

    Property Specification:

    • Property Type: Apartment
    • Property Tenure: Leasehold
    • Council Tax Band: C
    • Bedroom(s): 2
    • Bathroom(s): 1
    • Living Room(s): 1
    • Address: Jersey House 29 Palmerston Road, Westcliff-on-Sea, SS0 7FJ

    Shared Ownership Information:

    • Remaining Lease in years: 84
    • Yearly Management Cost: £1595.76
    • Monthly Rent: £253.53
    • Monthly Service Charge: £132.98
    • 50% Shared Ownership

    Key Features:

    • Prime Location
    • Close to Train Station
    • Close to School
    • Double Glazed Windows
    • Balcony
    • Rooftop Terrace
    • Allocated Parking in Gated Underground Garage
    • Close to Seafront
    Prime Location Resale
    £150,000 50% share of £300,000
    Est. monthly costs £1,397.86*
    • Monthly rent £343.75
    • Service charge £132.98
    • Mortgage £921.13
    • *Est. monthly costs: Including Mortgage calculated using a representative rate of 5.5%, Rent and required Service Charge. These values are to be used for research purposes only.

    What is Shared Ownership?

    Learn more about how the Shared Ownership scheme works

    Read More A young female sat and using her laptop
    What is Shared Ownership?
    Shared Ownership is a way to buy your home if you otherwise couldn't afford to on the open market. You buy a share percentage of the home, which is usually 25-75%, pay a subsidised rent on the remaining share and pay a service charge. It's an ideal scheme for first-time buyers looking for a more affordable housing option to get on the property ladder. Click 'read more' to find out more about Shared Ownership.
    Am I eligible for Shared Ownership?
    To qualify for Shared Ownership, individuals must be over 18 years old and residents in the UK. There is a household income threshold. You must have a household income threshold of less than £80,000, but this increases to £90,000 if you buy a home in London.
    Can I buy more shares?
    Yes, you can buy more shares at a later date after you purchase your home. This is known as 'staircasing' and the amount your increase will depend on how much you can afford. Buying more shares will reduce future rent payments. Eventually you could own 100% of your home.
    How much deposit do I need?
    This depends on the full market value of the property and the size of the share you are purchasing, your mortgage lender and your credit rating. The benefit of Shared Ownership is that the deposit required will be significantly lower than if you were purchasing the property outright because you only need a deposit on the share you are buying. You should expect to have at least 5% deposit saved. Your mortgage advisor will tell you the exact amount of deposit you need. You can contact one of our panel of mortgage brokers to get a Mortgage in Principle.