House For Sale £191,250
Over 55's shared ownership with no rent (Advertised price represents 75% share. Fixed equity. 'Staircasing' is not permitted. Theoretical full market value £255,000). A smartly-presented, link-detached bungalow which sits on a quiet cul de sac, surrounded by similar, single-storey properties. There is a reception room with bay window and feature fireplace; a kitchen with sleek, modern units; a spacious shower room and two good-sized double bedrooms. The rear bedroom leads through to a conservatory with made-to-measure blinds. Windows are double glazed units throughout and there is gas central heating. The house has a large front lawn and a part paved/part shingle rear garden. A garage and two-car driveway provide space for off-street parking and the A66, which skirts the southern edge of the town, runs west to the coast and follows a scenic route east through the nearby Lake District National Park to connect with the M6. Cockermouth's attractive town centre can also be reached via a short walk.
Applicants and occupiers must be at least 55 years of age.
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 (125 years from 1998).
Share Available (fixed): 75% (£191,250).
Shared Ownership Rent: N/A. No rent payable on this property.
Insurance: £100 per annum Service Charge: £299.52 per annum Sinking Fund: £1,147.50 per annum, equivalent of £149.75 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 (based on minimum share and 10% deposit).
Council Tax: Band C, 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' 8" into bay x 13' 5" max. (4.47m x 4.09m)
Kitchen
11' 0" x 7' 4" (3.35m x 2.24m)
Shower Room
Bedroom 1
13' 7" max. X 9' 7" max. (4.14m x 2.92m)
Bedroom 2
10' 9" x 10' 8" (3.28m x 3.25m)
Conservatory
10' 0" x 8' 7" (3.05m x 2.62m)
Garage
16' 11" x 9' 1" (5.16m x 2.77m)
Applicants and occupiers must be at least 55 years of age.
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 (125 years from 1998).
Share Available (fixed): 75% (£191,250).
Shared Ownership Rent: N/A. No rent payable on this property.
Insurance: £100 per annum Service Charge: £299.52 per annum Sinking Fund: £1,147.50 per annum, equivalent of £149.75 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 (based on minimum share and 10% deposit).
Council Tax: Band C, 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' 8" into bay x 13' 5" max. (4.47m x 4.09m)
Kitchen
11' 0" x 7' 4" (3.35m x 2.24m)
Shower Room
Bedroom 1
13' 7" max. X 9' 7" max. (4.14m x 2.92m)
Bedroom 2
10' 9" x 10' 8" (3.28m x 3.25m)
Conservatory
10' 0" x 8' 7" (3.05m x 2.62m)
Garage
16' 11" x 9' 1" (5.16m x 2.77m)
