House For Sale £72,500
Shared ownership (Advertised price represents 50% share. Full market value £145,000). This well-presented, semi-detached property occupies a favourable position at one end of a quiet cul-de-sac. Internal layout is conventional - a front reception room, with fireplace, and at the rear a spacious kitchen/dining room. From there, doors open onto an attractive and secluded south-east-facing garden with patio, lawn and decked seating area. On the first floor of the house is a main bedroom with fitted storage plus a second comfortable double bedroom, a smaller third bedroom and a fully-tilled, naturally-lit bathroom. The energy-efficiency rating is good, thanks to wall/roof insulation, double glazed windows and gas central heating. A driveway provides parking space for two cars and the A66 follows a scenic route through the Lake District National Park before connecting to the M6. The shopping centre and other shops/amenities of Workington town centre can also be reached on foot or via short bus/bike ride. The two nearest infant schools are both Ofsted-rated 'Outstanding'.
Interested parties are required to complete the shared ownership common application form [here;
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Home Group.
Tenure: Leasehold 149 years from and including 31st March 1991.
Minimum Share: 50% (£72,500). The housing association might expect you to purchase a larger share, if affordable.
Shared Ownership Rent: £171.25 per month (subject to annual review).
Combined Insurance and Admin Fee: £19.83 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 (based on minimum share and 10% deposit).
Council Tax: Band B, Allerdale Borough Council.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Ground Floor
Lounge
14' 3" max. X 12' 3" max. (4.34m x 3.73m)
Kitchen / Dining Room
17' 6" x 9' 3" (5.33m x 2.82m)
First Floor
Bedroom 1
10' 10" max. X 10' 2" max. (3.30m x 3.10m)
Bedroom 2
10' 11" max. X 9' 0" max. (3.33m x 2.74m)
Bedroom 3
7' 5" x 7' 3" (2.26m x 2.21m)
Bathroom
Interested parties are required to complete the shared ownership common application form [here;
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Home Group.
Tenure: Leasehold 149 years from and including 31st March 1991.
Minimum Share: 50% (£72,500). The housing association might expect you to purchase a larger share, if affordable.
Shared Ownership Rent: £171.25 per month (subject to annual review).
Combined Insurance and Admin Fee: £19.83 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 (based on minimum share and 10% deposit).
Council Tax: Band B, Allerdale Borough Council.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Ground Floor
Lounge
14' 3" max. X 12' 3" max. (4.34m x 3.73m)
Kitchen / Dining Room
17' 6" x 9' 3" (5.33m x 2.82m)
First Floor
Bedroom 1
10' 10" max. X 10' 2" max. (3.30m x 3.10m)
Bedroom 2
10' 11" max. X 9' 0" max. (3.33m x 2.74m)
Bedroom 3
7' 5" x 7' 3" (2.26m x 2.21m)
Bathroom
