House For Sale £82,500
Shared ownership (Advertised price represents 50% share. Capped Equity. 'Staircasing is limited to a maximum of 80%. Theoretical full market value £165,000). Applicants must live and/or work in Hambleton or an adjoining parish.
A modern, two-bedroom house that forms part of a short terrace and features a good-sized kitchen at the front, a ground-floor cloakroom and a rear reception room which opens onto a garden with decked seating area. Upstairs, on the first floor, is the bathroom and bedrooms, both of which are comfortable doubles. The energy-efficiency rating is good, thanks to well insulated walls and roof, double glazing and gas central heating. The property comes with use of a parking space and the A63 which passes through Hambleton provides easy access to the A1(M) before continuing towards Leeds and connecting to the M1.
Interested parties are required to complete the shared ownership common application form
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(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 2010).
Minimum Share: 50% (£82,500).
Maximum Share: 80%.
Shared Ownership Rent: £73.21 per month (subject to annual review).
Combined Insurance and Admin Fee: £19.83 per month (subject to annual review).
Guideline Minimum Income: £16,500 (based on minimum share and 10% deposit).
Council Tax: Band B, Selby District Council. Applicants must live and/or work in Hambleton or an adjoining parish (Thorpe Willoughby, Monk Fryston, Wistow, Cawood, Gateforth, Hillam).
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
Kitchen
10' 2" x 6' 0" (3.10m x 1.83m)
Cloakroom
Reception Room
13' 0" x 12' 7" (3.96m x 3.84m)
First Floor
Bedroom 1
13' 1" max. X 11' 2" max. (3.99m x 3.40m)
Bathroom
Bedroom 2
13' 0" max. X 8' 3" max. (3.96m x 2.51m)
A modern, two-bedroom house that forms part of a short terrace and features a good-sized kitchen at the front, a ground-floor cloakroom and a rear reception room which opens onto a garden with decked seating area. Upstairs, on the first floor, is the bathroom and bedrooms, both of which are comfortable doubles. The energy-efficiency rating is good, thanks to well insulated walls and roof, double glazing and gas central heating. The property comes with use of a parking space and the A63 which passes through Hambleton provides easy access to the A1(M) before continuing towards Leeds and connecting to the M1.
Interested parties are required to complete the shared ownership common application form
[]
(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 2010).
Minimum Share: 50% (£82,500).
Maximum Share: 80%.
Shared Ownership Rent: £73.21 per month (subject to annual review).
Combined Insurance and Admin Fee: £19.83 per month (subject to annual review).
Guideline Minimum Income: £16,500 (based on minimum share and 10% deposit).
Council Tax: Band B, Selby District Council. Applicants must live and/or work in Hambleton or an adjoining parish (Thorpe Willoughby, Monk Fryston, Wistow, Cawood, Gateforth, Hillam).
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
Kitchen
10' 2" x 6' 0" (3.10m x 1.83m)
Cloakroom
Reception Room
13' 0" x 12' 7" (3.96m x 3.84m)
First Floor
Bedroom 1
13' 1" max. X 11' 2" max. (3.99m x 3.40m)
Bathroom
Bedroom 2
13' 0" max. X 8' 3" max. (3.96m x 2.51m)
