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3 bedroom semi-detached house for sale
Key information
Property description & features
- Tenure: Leasehold
- Guideline Minimum Deposit £22,200
- Guide Min Income Dual £56.7k Single £65.2k
- Two Storey, Semi Detached House
- Approx. 930 Sqft Gross Internal Area
- High Performance Glazing
- Bathroom, Shower Room and Cloakroom
- Rear Garden
- Driveway Parking
SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £370,000). This semi-detached house is part of a recently-constructed development. The property has a cloakroom just off the entrance hall with the remainder of the ground floor devoted to a full-length (twenty-seven-foot) kitchen/reception room. Features include pale grey units, integrated appliances, an open staircase and patio doors that lead out to the garden. On the first floor is a spacious main bedroom with naturally-lit, en-suite shower room plus a second double bedroom, a family bathroom and an additional room which could serve as an office or third bedroom (with the fitting of a door). Well insulated walls, floor and roof, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. A driveway provides space for off-street parking and the railway stations and town centres of Warwick and Leamington Spa can also be reached via brief bike ride. Leamington Shopping Park is close by and there are a number of highly-rated schools in the local area.
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 a permanent right to reside in the UK.
Tenure: Leasehold (999 years less 6 days from 30/09/2022).
Minimum Share: 60% (£222,000).
Shared Ownership Rent: £408.30 per month (this figure is from April 2024 and subject to annual review).
Building Insurance + Lease Management Fee: £40.06 per month (subject to annual review).
Guideline Minimum Income: Dual - £56,700 | Single - £65,200 (based on minimum share and 10% deposit).
Council Tax: Band D, 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.
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.
Rooms
Entrance Hall
8' 7" x 5' 8" (2.62m x 1.73m)
Cloakroom
Reception
27' 3" max. x 16' 11" max. (8.31m x 5.16m)
Kitchen
included in reception measurement
Bedroom 1
12' 1" max. x 11' 8" max. (3.68m x 3.56m)
En-Suite Shower Room
Bedroom 2
11' 3" max. x 9' 7" max. (3.43m x 2.92m)
Office / Study
15' 3" x 6' 11" (4.65m x 2.11m)
Bathroom
Places of interest
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*DISCLAIMER
Property reference 27317082. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Urban Moves - Richmond.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 8, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 8, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 8, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.