3 bedroom semi-detached house for sale

SHARED OWNERSHIP (Advertised price represents 45% share. Theoretical full market value £445,000 but see 'Please Note' below). A chance to buy a spacious, shared-ownership family home with a south/south-west-facing rear garden and driveway parking. This two-storey, semi-detached property is in the village of Alfold which is nestled in the Surrey countryside, close to the West Sussex border. The property layout is fairly conventional with a kitchen/dining room plus a cloakroom/WC at the front and a reception room, that leads through to the conservatory, at the back. The large garden, which includes a pond, has been well maintained by the current owner. Back inside, on the first floor of the house are two good-sized double bedrooms plus a single bedroom, ideal for a smaller child or occasional guest. There is a naturally-lit bathroom (with recently-installed shower), the walls and roof are well insulated and heating/hot water is provided by an oil-fired boiler. Cranleigh's range of shops and other amenities can be easily reached by bus and the Guildford and Horsham town centres are within comfortable driving distance.
Please Note: This is a Capped Equity property, 'Staircasing' is restricted to a maximum of 80%.

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 (currently 99 years from 01/10/1999, 50-year lease extension in progress).
Minimum Share: 45% (£200,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £278.55 per month (subject to annual review).
Service Charge: £8.21 per month (subject to annual review). This figure does not include Building Insurance.
Guideline Minimum Income: Dual - £43,100 | Single - £49,300 (based on minimum share and 10% deposit).
Council Tax: Band E, 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.

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.