Report this ad

Shared ownership (Advertised price represents 25% share. Full market value £420,000). A great chance to buy a spacious, shared-ownership home. The recently-constructed property forms one end of a terrace and has a useful storage/utility cupboard and a ground-floor cloakroom just off the entrance hallway. The kitchen/dining room is large and attractive with double doors leading through to the reception room which, in turn, opens onto the rear garden. Upstairs are two generously-sized bedrooms, some additional, built-in storage and a sleek family bathroom. The top floor is devoted to a twenty-five-foot main bedroom with dormer window. Demanding insulation standards, high performance glazing and a communal heating/hot water system contribute towards a very good energy-efficiency rating. The house comes with use of a parking space (plus some shared visitor spaces) and is also within comfortable walking distance or short bus/cycle ride of the excellent range of shops and other amenities to be found in the city centre.
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 2020).
Minimum Share: 25% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £738.51 per month (subject to annual review).
Service Charge: £63.84 per month (subject to annual review).
Guideline Minimum Income: Dual - £43,800 Single - £50,000 (based on minimum share and 10% deposit).
Council Tax: Band D, Chichester 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.
Ground Floor
Entrance Hallway
Cloakroom
Kitchen / Dining Room
16' 7" max. X 10' 11" (5.05m x 3.33m)
Reception Room
14' 7" x 10' 10" (4.45m x 3.30m)
First Floor
Landing
Bedroom 2
14' 7" x 10' 10" (4.45m x 3.30m)
Bathroom
Bedroom 3
14' 7" x 9' 9" (4.45m x 2.97m)
Second Floor
Bedroom 1
25' 1" into bay x 14' 6" max. (7.65m x 4.42m)

- Guideline Minimum Deposit £10,500
- Guide Min Income - Dual £43.8k Single £50k
- Three Storey, Three Bedroom, End of Terrace House
- Approx. 1292 Sqft Gross Internal Area
- Reception plus Kitchen/Dining Room
- High Performance Glazing
- Rear Garden
- Parking Space (+ Shared Visitor Parking)