1 bedroom flat

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £235,000). This smartly-presented flat is on the top floor of a recently-constructed building and has a twenty-one-foot, dual-aspect reception with open-plan kitchen area featuring sleek, grey units and integrated appliances. There is a good-sized bedroom, a simple, modern bathroom and a pair of built-in storage/utility cupboards in the entrance hallway. Well insulated walls and roof, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with use of a parking space in the courtyard to the rear of the block and is part of the Gilden Park development which is conveniently located - the nearby A1025 now providing easy access to the M11. The shopping centres, cinema, leisure centre and other amenities of Harlow town centre are only a brief drive away and can also be reached by bike or via local bus.

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: Heylo. Heylo Housing requires that all applicants must have permanent rights to reside in the UK.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 50% (£117,500).
Shared Ownership Rent: £287.35 per month (subject to annual review).
Service Charge: £107.69 per month (subject to annual review and includes £50 per year parking charge).
Guideline Minimum Income: Dual - £30,400 - £36,700 (based on minimum share and 10% deposit).
Council Tax: Band B, Harlow 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).

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.