One affordable home remaining at new housing development in Chichester

With Chichester reportedly one of the most expensive places to live in the UK, it’s no surprise that high demand for new affordable housing in the city has left only one home available at Aster Group’s Cathedral Park development off Cleveland Road.

The development includes 37 new homes for affordable rent and shared ownership. The final two-bedroom ground floor flat is available to purchase using shared ownership and comes with a balcony, allocated parking and carpets included.

Shared ownership is a part buy, part rent scheme, providing house-hunters with a more affordable way to secure a home with a smaller deposit than when buying on the open market. Currently for sale for £118,000 for a 40% share, the final flat at Cathedral Park would usually sell for £295,000 on the open market.

Perfect for professionals, first-time buyers and those looking to downsize, the flat includes two bedrooms, a family bathroom and open-plan kitchen and living area and is ready for its new owners to move into straight away.

Amanda Williams, chief investment officer from Aster Group said: “With the chance to buy a percentage of the property and pay rent on the remaining share, shared ownership is a much-needed affordable option for residents in Chichester. Buying this remaining home at Cathedral Park through shared ownership with Aster means that local people can secure a home with a deposit from as little as £5,900*[1] for a 40 per cent share.

The development is less than a mile away and within walking distance of the city centre with its range of local amenities including cafes, pubs, supermarket, and rich history. Chichester also boasts beautiful countryside with lovely beaches nearby offering residents plenty to explore.

At Aster’s other Chichester-based development, Shopwyke Lakes on the edge of the city, the next phase of homes will soon be released. With 51 homes available overall for affordable rent and shared ownership, these homes are ideal for first time buyers. Further shared ownership homes will also be available at Lavant View and New Fields.

For more information about the last remaining home at Cathedral Park visit www.aster.co.uk/sales/developments/sussex/cathedral-park-chichester-1.

To register your interest for the new phase of homes at Shopwyke Lakes visit www.aster.co.uk/sales/developments/sussex/shopwyke-lakes-chichester.

For information on all Aster’s shared ownership homes available in Sussex visit https://www.aster.co.uk/sales/developments/sussex

Or call the team on 01264 405 630 / 07799 070 322.

[1] Based on a 95% LTV mortgage