Studio Flat For Sale £71,250
Ascot House, 30 Mill Mead, Staines, TW18

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £285,000). An elegantly-presented apartment in this conveniently-located development. The property is on the first floor and is technically a studio in that there is no doorway between the living and sleeping areas however the two are well defined. There is a sleek, handle-less kitchen with integrated appliances, a stylish bathroom and a generous amount of fitted storage has been provided throughout. Sliding doors open onto a private patio facing the shared courtyard. Ascot House is recent in construction and well insulated walls, high performance glazing and a communal heating/hot water system has resulted in very good energy-efficiency ratings. The town centre is just minutes away and the railway station, for services between Weybridge/Windsor/Reading and London Waterloo, is also within easy walking distance. The property benefits from a very long lease term.

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 (990 years from 2019).
Minimum Share: 25% (£71,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £394.56 per month (subject to annual review, this figure is for the year April 2023 - March 2024).
Service Charge: £128.13 per month (subject to annual review, 2023 figure).
Guideline Minimum Income: Dual - £25,000 Single - £31,100 (based on minimum share and 10% deposit).
Council Tax: Band C, Spelthorne 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. Pets not permitted (except assistance animals). There is no parking space offered with this property. Nearby parking may be 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.