3 bedroom terraced house

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £580,000). A rare chance to buy a shared-ownership house in London. This smartly-presented, three-bedroom property is part of a modern terrace and has a sleek kitchen with handle-less units and integrated appliances. The full-width reception/dining room can be accessed either from the hallway or directly from the kitchen via double doors. On the first floor are two, generously-sized, bedrooms with fitted wardrobes plus a smaller third bedroom with bay window. There is simple yet stylish bathroom plus a ground-floor shower room. Demanding insulation standards, high performance glazing, gas central heating and roof-mounted solar panels all contribute towards an excellent energy-efficiency rating. The house has a small front garden and a split-level, south-west-facing rear garden. There is a large supermarket close by and Lewisham Station, for Southeastern trains in to London Bridge/Waterloo East/Charing Cross/Cannon Street plus DLR services, is also just a short walk away.

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 (125 years from 01/06/2016, freehold transferable once 100% owned).
Minimum Share: 40% (£232,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £395.52 per month (subject to annual review).
Service Charge: £25.20 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £57,900 | Single - £66,600 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Lewisham. 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. There is no parking space offered with this property. On-street residents' permit parking may be available.

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.