House For Sale £90,000
Shared ownership (Advertised price represents 50% share. Full market value £180,000). This detached, recently-constructed property has a spacious front reception room and a kitchen/dining room with doors leading out to the rear garden. The ground floor also features a utility room and cloakroom. Upstairs there is 19’ main bedroom with fitted wardrobe and en-suite shower room, a second generously-sized bedroom with built-in storage, a smaller third bedroom and a family bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The house has an integral garage plus two-car driveway and is also within comfortable walking distance, or brief cycle ride, of Stockton Railway Station and the town centre. The nearby secondary school is Ofsted-rated 'Outstanding' and there are well-thought-of primaries in the local area.
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: heylo.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£90,000).
Shared Ownership Rent: £202.44 per month (subject to annual review).
Combined Insurance and Admin Fee: £31.91 per month (subject to annual review).
Guideline Minimum Income: Dual - £20,200 Single - £24,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Stockton-on-Tees Borough Council. 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.
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
Reception Room
17' 1" into bay x 9' 10" (5.21m x 3.00m)
Kitchen / Dining Room
17' 2" max. X 12' 0" into bay (5.23m x 3.66m)
Utility Room
Cloakroom
Garage
17' 0" x 8' 11" (5.18m x 2.72m)
First Floor
Bedroom 1
19' 2" max. X 9' 0" max. (5.84m x 2.74m)
En-Suite Shower Room
Bedroom 2
11' 1" x 9' 10" (3.38m x 3.00m)
Bedroom 3
10' 9" x 5' 11" (3.28m x 1.80m)
Bathroom
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: heylo.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£90,000).
Shared Ownership Rent: £202.44 per month (subject to annual review).
Combined Insurance and Admin Fee: £31.91 per month (subject to annual review).
Guideline Minimum Income: Dual - £20,200 Single - £24,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Stockton-on-Tees Borough Council. 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.
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
Reception Room
17' 1" into bay x 9' 10" (5.21m x 3.00m)
Kitchen / Dining Room
17' 2" max. X 12' 0" into bay (5.23m x 3.66m)
Utility Room
Cloakroom
Garage
17' 0" x 8' 11" (5.18m x 2.72m)
First Floor
Bedroom 1
19' 2" max. X 9' 0" max. (5.84m x 2.74m)
En-Suite Shower Room
Bedroom 2
11' 1" x 9' 10" (3.38m x 3.00m)
Bedroom 3
10' 9" x 5' 11" (3.28m x 1.80m)
Bathroom
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