AFFORDABLE HOMES
OFF TO THE MARKET AND ON TO THE LADDER Newman Court is affordable housing expert Orbit’s new West Sussex development. Launching in late summer 2018, it is superbly located in the historic market town of Horsham. Beautifully designed, yet accessibly priced, the one and two bedroom apartments are situated in an impressive, classically styled new building in the burgeoning Parsonage Road area, and are available to buy through shared ownership Horsham is hugely popular with homebuyers, thanks to its fast and easy commuter routes to London and the South Coast. It offers a thriving market town vibe, juxtaposed with historic buildings and the chance to revel in the joys of the beautiful surrounding countryside. Newman Court’s residents will have just a 15-minute walk, through the picturesque town centre to Horsham rail station, which offers regular services into London Bridge that take from as little as 59 minutes at peak times. The town is a dream when it comes to work/life balance and repeatedly makes it into top 10 lists of the best places to live in Britain. This is why it may come as a surprise to discover that you can get your foot on Horsham’s property ladder, via shared ownership, from around as little as £78,750 for a 35% share of a one bedroom apartment. Once launched, market prices at Newman Court are expected to be in the region of £225,000 for 100% of a one bedroom property and from £295,000 for the two bedroom options. (This means a 35% share of a two bedroom apartment will be around £103,250.) Shared ownership is a Government initiative, which means buyers with a household income of £80,000 a year or less outside London can be eligible to purchase a 25% to 75% share of a new build property, and pay a subsidised rent on the remaining portion (buyers in London can earn up to £90,000). As well as the advantage of only needing to find a deposit for the purchased portion of their new home, buyers are saved the huge costs of the damage deposit and three months’ rent in advance usually required by landlords on lettings. For those who look forward to the halcyon days of rent-free living, shared ownership buyers can increase their equity share over time, through a process known as staircasing, allowing them to reduce their rent payments proportionately, so they can eventually own their home outright, when their mortgage is paid off. Newman Court’s desirable location, just on the outskirts of Horsham town
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Newman Court
Horsham Market Square
centre, means residents are perfectly placed to make the most of living in one of Britain’s loveliest areas. As well as easy access to London and other key commuter destinations, the town and its surroundings have plenty to offer foodies, shopaholics, culture-vultures, sports enthusiasts, and lovers of the ‘great outdoors’ alike. As well as regular traditional markets, Horsham boasts a John Lewis and Waitrose superstore, plus a vast array of high street names and independent retailers. In addition, the town has far more than its fair share of excellent restaurants and cafes,
offering world cuisines from sashimi to traditional cream teas. Horsham Park hosts free Sunday afternoon concerts from May to August, with ‘Pavilions in the Park’ offering a swimming pool, gym and soft play area, as well as a range of fitness classes. Should you ever wish to escape the excitement of central Horsham, the surrounding countryside is perfect for ramblers and cyclists, and the idyllic Warnham Local Wildlife Reserve is a just a few minutes’ walk from the town centre. For further flung adventures, it’s only 20 minutes by train to Gatwick Airport. Horsham’s lively cultural scene focuses on the Capitol Theatre in North Street, which offers a comprehensive programme encompassing theatre, arts, cinema and live music, enhanced by annual music, food and Italian festivals, the last of which sees the town’s streets lined with a dazzling array of classic cars, from Fiat 500s to Lamborghinis. If Horsham sounds like the perfect place for your first time buy, you can find out more about Newman Court and shared ownership with Orbit by visiting orbithomes.org.uk or calling 0845 600 4072
First Time Buyer June/July 2018
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