Housing scheme wins award

The mixed-use scheme consists of 25 town houses with four and five bedrooms at Lower Walls Walk, and 41 apartments with one, two and three bedrooms. 22 of the apartments are for shared ownership sale and rent through Hyde Martlet Housing Association

Shared ownership you say? Good! This must mean they’re affordable then!

I’m afraid you’d sadly mistaken there
The article on the Midhurst and Petworth Paper says:

The Square, Eastgate, offers both apartments and townhouses. Gordon House and Richmond House have one, two and three bedroom apartments, most with balconies or Juliet balconies.The development came in response to a public survey in 2005 which revealed residents favoured distinctive developments. Richmond House prices start at £329,950. The townhouses are elegant properties with four or five bedrooms, from £575,000.

You can visit the site website here but there are no pictures of the outside of the houses on it.

I’m not convinced that shared ownership is a good idea at the best of times, but these prices seem outrageous!

For only £550,000 you can have this beautiful house and there are hundreds under £550k in Chichester on rightmove and if you restrict the price to half that approximately – assuming 50% shared ownership schemes then you can indeed buy amazing whole houses for that amount!
visit rightmove Chichester £250k

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