2 bedroom flat

SHARED OWNERSHIP (Advertised price represents 70% share. Full market value £285,000). A spacious and smartly presented flat which occupies a favourable position within this recently-constructed development. The property is on the fourth floor and has a dual-aspect reception room with a naturally-lit, semi-open-plan kitchen featuring integrated appliances. The eighteen-foot main bedroom includes a fitted wardrobe and en-suite shower room. There is also a second, comfortable, double bedroom and an attractive, high-spec bathroom. The flat has two south-east-facing balconies that overlook the River Avon and Pottertons Field. Well insulated walls and high performance glazing make for a good energy-efficiency rating. The flat comes with a garage plus use of a parking space and is within easy reach of both Warwick and Leamington Spa town centres. Ofsted list three primary schools within half a mile, all rated either 'Good' or 'Outstanding'.

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).
Share Available: 70% (£199,500).
Shared Ownership Rent: £237.22 per month (subject to annual review).
Service Charge: £230.14 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £52,400 Single - £60,000 (based on minimum share and 10% deposit).
Council Tax: Band C, Warwick District 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 only permitted with permission from Clarion which would need to be applied for after completion of sale (exception made for assistance animals).

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.

Fourth Floor


Entrance Hallway


Bathroom


Reception Room
16' 9" x 16' 0" max. (5.11m x 4.88m)

Balcony


Kitchen
11' 9" x 7' 1" (3.58m x 2.16m)

Bedroom 2
16' 0" max. x 7' 10" max. (4.88m x 2.39m)

Bedroom 1
18' 8" max. x 8' 6" max. (5.69m x 2.59m)

Balcony


En-Suite Shower Room


Ground Floor


Garage
19' 0" x 8' 5" (5.78m x 2.56m)