House For Sale £262,500
Woolton Lodge Gardens, Woolton Hill, Newbury, RG20

SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £350,000). A rare chance to buy an attractive, shared-ownership house but with no shared-ownership rent to pay. The two-bedroom, two-storey, semi-detached property sits at one end of a secluded cul-de-sac within the North Wessex Downs Area of Outstanding Natural Beauty. Internal features include a cloakroom just off the entrance hall, a spacious reception room with access to the kitchen and to a good-sized conservatory. Upstairs is a main bedroom, a second comfortable double bedroom and a naturally-lit bathroom. To the front of the house is a gravel driveway and a neatly-kept lawn with a very pleasant garden at the rear. The A34 is only a few minutes drive away and makes for easy north/south travel as well as connecting to both the M3 and M4 motorways. The Woolton Hill infant school and junior school work closely together to provide a full primary education and are both Ofsted-rated 'Good'.

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. Heylo Housing requires that all applicants must have permanent rights to reside in the UK.
Tenure: Leasehold (125 years from 1997).
Share Available: 75% (£262,500).
Shared Ownership Rent: N/A. No shared-ownership rent payable on this property.
Insurance + Service Charge: £100.08 per month (subject to annual review).
Ground Rent: £260.00 per year.
Guideline Minimum Income: Dual - £52,500 Single - £59,900 (based on minimum share and 10% deposit).
Council Tax: Band C, Basingstoke and Deane 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.