2 bedroom flat for sale

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £310,000). This stylishly-presented flat is on the ground floor of a recently-constructed development on the semi-rural outskirts of Cranleigh. The property has a large reception room with attractive flooring, handle-less kitchen units and integrated appliances. There are windows on two sides plus double doors that open onto an area of private patio. These doors can also be used as an alternative entrance, if desired. The bedrooms are similar-sized doubles and the bathroom is sleek, modern and naturally lit. A pair of built-in storage/utility cupboards have been provided in the hallway and the energy-efficiency rating is very good, thanks to well insulated walls and floor, high performance glazing and gas central heating. The flat comes with use of two parking spaces and is also within comfortable walking distance, or a brief bike ride, of Cranleigh High Street. The village, considered by some to be the largest in Britain, has an arts centre and leisure centre, along with a range of shops and other amenities. Knowle Country Park is a nearby and recently-developed nature reserve which offers beautiful, outside space to enjoy as well as hosting occasional events. Guildford is approximately eight miles to the north-west, Horsham around twelve miles south-east.

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: A2Dominion.
Tenure: Leasehold (999 years from 25/12/2022).
Minimum Share: 40% (£124,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £432.79 per month (subject to annual review).
Service Charge: £95.46 per month (subject to annual review).
Guideline Minimum Income: Dual - £37,200 | Single - £43,500 (based on minimum share and 10% deposit).
Council Tax: Band D, Waverley 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).

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.