2 bed flat for sale

Pasteur Avenue, Faygate, Horsham RH12

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this spacious two bedroom Shared Ownership resale apartment at Pasteur Avenue, Faygate, Horsham, West Sussex, RH12 0DW. The price shown represents purchasing a 35% share of the property.

Property Overview

Offering approximately 786 sq ft of well-planned accommodation, this two bedroom apartment provides a bright and practical layout within the popular Faygate area of West Sussex.

The property opens into a generous entrance hallway with useful built-in storage. At the heart of the home is the open-plan kitchen and living area, creating a spacious and sociable setting for relaxing, dining and entertaining. The fitted kitchen provides ample worktop and storage space, while French doors from the living area allow plenty of natural light into the room.

The apartment offers two well-proportioned double bedrooms, with the second bedroom providing excellent flexibility for guests, home working or additional storage. A contemporary family bathroom completes the accommodation.

With approximately 786 sq ft of internal space, generous bedrooms and an open-plan living area, the property offers an excellent opportunity to purchase an established home through Shared Ownership.

Financial Breakdown

• Full Market Value: £250,000
• 35% Share Value: £87,500
• Rent on unowned share: £476.16 per month
• Service Charge: £107.12 per month
• Estate Charge: £37.50 per month
• Buildings Insurance: £21.26 per month
• Management Fee: £34.89 per month
• Reserve Fund: £70.17 per month
• Total Monthly Payment (excluding rent): £270.94 per month
• Total Monthly Rent & Charges: £747.10 per month
• Lease Length: Approximately 988 years remaining
• Rent Review: Reviewed annually (Rpi + 0.5%)

Local Area

Pasteur Avenue is situated in Faygate, close to the popular Kilnwood Vale development and surrounded by the West Sussex countryside. The area combines modern residential living with access to green open spaces, walking and cycling routes and a range of everyday amenities.

Nearby Horsham provides a wider selection of shops, supermarkets, cafés, restaurants and leisure facilities, while Crawley is also within easy reach.

Faygate is well positioned for commuters, with access to the A264 and M23 providing convenient road connections towards Horsham, Crawley, Gatwick Airport and the wider South East. Rail services are available from nearby stations, providing connections towards London and the surrounding area.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. For this property, ownership can increase to 100%, at which point the property will remain leasehold and the Shared Ownership obligations will fall away.

Deposits and mortgage payments are based on the share purchased, meaning costs can often be lower than purchasing a comparable property outright.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

Have a combined household income of £80,000 or less.

Be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.

You must also be a first-time buyer, a previous homeowner who can no longer afford to buy, forming a new household, an existing Shared Ownership customer looking to move, or a homeowner who cannot afford to purchase a new home that meets your needs. If you currently own a property, its sale must complete on or before completion of your Shared Ownership purchase.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.