House For Sale £405,000
Ferndale Crescent, Carshalton, SM5

SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £540,000). A great chance to buy a spacious, shared-ownership family home. The property has a cloakroom just off the entrance hallway with the remainder of the ground floor devoted to a kitchen/reception room with sleek, white units and attractive flooring. Patio doors open onto a south-east-facing rear garden which extends almost fifty foot. On the first floor of the house is a stylish bathroom plus two double bedrooms. The top floor allows for a generously-sized main bedroom with en-suite shower room plus a small, additional, room the other side of the naturally-lit landing. Well insulated walls, roof and floor, high performance glazing, a communal heating/hot water system and roof mounted solar panels have resulted in an excellent energy-efficiency rating. Hackbridge Railway Station is within comfortable walking distance, or a very brief cycle ride, and Carshalton Station is also in easy reach.

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 2019, freehold would transfer if 100% owned).
Share Available: 75% (£405,000).
Shared Ownership Rent: £281.87 per month (subject to annual review).
Service Charge: £39.15 per month (subject to annual review).
Guideline Minimum Income: Dual - £83,500 (based on minimum share and 20% deposit) Single - £84,500 (based on minimum share and 30% deposit).
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 that there is plenty of on-street parking 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.