House For Sale £80,000
Over 55's shared ownership (Advertised price represents 50% share. Capped equity. 'Staircasing' is limited to a maximum of 75%. Theoretical full market value £160,000). Workington sits on the Cumbrian coast to the west of the Lake District National Park. The property available is a semi-detached bungalow on a quiet cul-de-sac within comfortable walking distance of the town centre. There is a good-sized kitchen looking out onto the front lawn and a reception room with sliding door that opens onto the paved/shingle rear garden. The two bedrooms are spacious doubles and the bathroom features both a large overhead and a separate hand-held shower. There is gas central heating, wall and roof insulation and double glazing throughout. The house has an integral garage plus a driveway with space for two additional cars.
Applicants and occupiers must be at least 55 years of age.
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 1994).
Minimum Share: 50% (£80,000).
Maximum Share: 75% (£120,000).
Shared Ownership Rent: £27.14 per month (subject to annual review).
Service Charge: £125.51 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 Single - £18,000 (based on minimum share and 15% deposit).
Council Tax: Band B, Allerdale 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. One pet only.
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
Sitting Room
14' 9" x 11' 9" (4.50m x 3.58m)
Kitchen
8' 10" x 8' 5" (2.69m x 2.57m)
Bedroom 1
15' 11" x 8' 10" (4.85m x 2.69m)
Bedroom 2
11' 9" x 9' 9" (3.58m x 2.97m)
Bathroom
Garage
17' 2" x 8' 2" (5.23m x 2.49m)
Applicants and occupiers must be at least 55 years of age.
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 1994).
Minimum Share: 50% (£80,000).
Maximum Share: 75% (£120,000).
Shared Ownership Rent: £27.14 per month (subject to annual review).
Service Charge: £125.51 per month (subject to annual review).
Guideline Minimum Income: Dual - £16,000 Single - £18,000 (based on minimum share and 15% deposit).
Council Tax: Band B, Allerdale 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. One pet only.
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
Sitting Room
14' 9" x 11' 9" (4.50m x 3.58m)
Kitchen
8' 10" x 8' 5" (2.69m x 2.57m)
Bedroom 1
15' 11" x 8' 10" (4.85m x 2.69m)
Bedroom 2
11' 9" x 9' 9" (3.58m x 2.97m)
Bathroom
Garage
17' 2" x 8' 2" (5.23m x 2.49m)
