1 bedroom flat for sale

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £200,000). A smartly-presented flat on the second floor which is the top floor in that part of the building. Internal features include a twenty-six-foot, open-plan kitchen/reception room, a spacious bedroom, a good-sized bathroom with skylight and a pair of hallway storage/utility cupboards. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. Sussex Gate is close to the centre of the town and The Orchards Shopping Centre plus a range of other stores can be found nearby. Victoria Park offers pleasant, green, open space to enjoy and Haywards Heath Railway Station, which provides services to a number of destinations including Brighton, Littlehampton, Eastbourne, Gatwick Airport and various central London stations, is within comfortable walking distance or short bus/cycle ride.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM

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(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 less 3 days from 19/11/2007).
Minimum Share: 50% (£100,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £219.22 per month (subject to annual review).
Service Charge: £111.83 per month (subject to annual review).
Ground Rent: £200.00 for the year.
Guideline Minimum Income: Dual - £24,300 | Single - £30,100 (based on minimum share and 10% deposit).
Council Tax: Band B, Mid Sussex 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 not permitted (except assistance animals). There is no parking space offered with this property however the vendor informs us that there is parking nearby.

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.