Graduate Court, Tudor Crescent, Cosham, Hampshire PO6 2BZ

£40,625 Shared Ownership

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  • Guideline Minimum Deposit £4,063
  • Guideline Income £15.4k dual 17.65k*
  • First Floor with Juliette Balcony
  • Approx. 670 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Parking Space
  • Walking Distance to Cosham Station

General Description

A Fantastic Opportunity to Purchase a Two Bedroom Flat, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £162,500). This first-floor flat has a good-sized reception room with Juliette balcony and access to the kitchen. There is a large bedroom with fitted wardrobe and a second bedroom which, though smaller, is still a double. The bathroom benefits from natural light and there is useful storage in the hallway. Energy-efficiency and environmental-impact ratings are excellent, thanks to well insulated walls, gas central heating and high performance glazing. The flat comes with a parking space or, alternatively, Cosham Station is within easy reach.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2FJOwPx]

(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.)

 

Tenure: Leasehold (125 years from 2011)
Share Available: 25% (£40,625)
Shared Ownership Rent: £304.31 per month**
Service Charge: £79.27 per month**
Guideline Minimum Household Income: £15,400*
Local Authority: Portsmouth***
Council Tax Band: B (£1228.74 for 2018-19)

The property is offered for sale on a sold-as-seen basis. Clarion Housing do not offer any warranties on the domestic appliances in the property or undertake to carry out any remedial work or redecoration work of a cosmetic nature. Pets not permitted (except assistance animals).

* Assumes dual incomes and a 10% deposit of 25% share. Equivalent single-income figure would be £17,650.
** The rent and service charge are subject to annual review.
*** Priority may be given to applicants that currently live and/or work in the area administered by Portsmouth City Council.

Dimensions

Reception
16' 7" min. x 11' 2" min. (5.05m x 3.40m)
Kitchen
8' 4" x 7' 6" (2.54m x 2.29m)
Bedroom ( Bedroom 1 )
17' 2" max. x 8' 5" min. (5.23m x 2.57m)
Bedroom ( Bedroom 2 )
13' 9" max. x 6' 6" max. (4.19m x 1.98m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

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 the Homes and Communities Agency (HCA) outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and HCA set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 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.
 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).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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