Sovereign, one of the UK’s leading shared ownership providers, is set to release the first phase of three-bedroom properties at its brand-new development Eastergate Park on Fontwell Avenue next month, ready for completion this summer.
The first available homes form part of a wider scheme of just 22 two and three-bedroom terraced and semi-detached properties designed for modern living, with a private garden and allocated parking. Each is ideal for anyone looking for an affordable way to move home or get onto the property ladder using shared ownership.
Anyone interested is invited to register with Sovereign now via its website and a member of the Sovereign team will be in touch to discuss the available properties and the application process, including registering for Help to Buy in advance. The application window will then open on Tuesday 12th April until Friday 15th April.
Claire Blenkin, Head of Sales at Sovereign, commented: “The properties at Eastergate Park are ideal for anyone looking to move or take that first step onto the property ladder. As with most new-build homes we sell off-plan, it means home buyers can pick their favourite property from the available plots before the homes are finished.
“With shared ownership, we partner with the purchaser to share the cost of buying their own home. They pay for the part they can afford, and we pay for the part that’s left. It’s an opportunity to buy the home that’s right for them without needing the large deposit or the mortgage that goes with it. They then pay a reduced rent on the share Sovereign owns, and a monthly service charge.
“Shared ownership could be for you if you are over the age of 18, your household income is less than £80,000 and you don’t already own a home at the time of buying your shared ownership property.
“We’d encourage anyone considering a new home at Eastergate Park to register their interest now. We will then get in touch to help guide purchasers through each stage of the simple application process.”
Eastergate Park, located on land adjacent to Fontwell Racecourse, is Sovereign’s first development in West Sussex. It is ideally positioned between city and coast, with a range of local services available on the doorstep. Every pound of profit made from purchases at Eastergate Park will be reinvested into new and existing homes and services so that Sovereign can maintain the highest standards of living and environment for its residents.
To find out more about the properties available at Eastergate Park, please visit: https://www.sovereignliving.org.uk/developments/eastergate-park