House For Sale £141,250
Shared ownership (Advertised price represents 25% share. Full market value £565,000). This smartly-presented, three-bedroom house forms part of a recently-built development and occupies a favourable position that allows for an extensive front/side lawn with a neat path leading round to a gate that provides access to the rear garden. The ground floor consists of a good-sized kitchen with white, high-gloss units and contrasting worktops; a cloakroom and a spacious reception room which opens onto the patio. The largest of the bedrooms is on the top floor with a second, generously-sized bedroom, a smaller third double bedroom and a family bathroom on the middle level. The energy-efficiency rating is excellent, thanks to well insulated walls, roof and floor, high performance glazing, gas central heating and roof-mounted solar panels. There are three primary schools within half a mile, all Ofsted-rated either 'Good' or 'Outstanding', and well-thought-of secondary schools in the wider area. Hackbridge Railway Station is only a short walk away and the vendor informs us that on-street parking is available.
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: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 25% (£141,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £864.61 per month (subject to annual review).
Service Charge: £28.50 per month (subject to annual review).
Guideline Minimum Income: Dual - £53,700 Single - £60,900 (based on minimum share and 10% deposit). (Calculated based on advised available rates. Subject to change.)
Council Tax: Band E, London Borough of Sutton. Priority is given to applicants living and/or working in this local authority.
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. There is no parking space offered with this property however the vendor informs us on-street parking is available.
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
9' 11" x 9' 4" (3.02m x 2.84m)
Cloakroom
Reception Room
17' 1" x 12' 6" (5.21m x 3.81m)
First Floor
Bedroom 2
13' 10" min. X 9' 6" max. (4.22m x 2.90m)
Bedroom 3
9' 6" x 9' 3" (2.90m x 2.82m)
Bathroom
Second Floor
Bedroom 1
16' 7" max. X 13' 4" max. (5.05m x 4.06m)
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: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 25% (£141,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £864.61 per month (subject to annual review).
Service Charge: £28.50 per month (subject to annual review).
Guideline Minimum Income: Dual - £53,700 Single - £60,900 (based on minimum share and 10% deposit). (Calculated based on advised available rates. Subject to change.)
Council Tax: Band E, London Borough of Sutton. Priority is given to applicants living and/or working in this local authority.
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. There is no parking space offered with this property however the vendor informs us on-street parking is available.
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
9' 11" x 9' 4" (3.02m x 2.84m)
Cloakroom
Reception Room
17' 1" x 12' 6" (5.21m x 3.81m)
First Floor
Bedroom 2
13' 10" min. X 9' 6" max. (4.22m x 2.90m)
Bedroom 3
9' 6" x 9' 3" (2.90m x 2.82m)
Bathroom
Second Floor
Bedroom 1
16' 7" max. X 13' 4" max. (5.05m x 4.06m)
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