Wherry Road, Norwich, Norfolk NR1 1WS

£52,500 Shared Ownership

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  • Guideline Minimum Deposit £5,250
  • Min. Income Single £18.4k Dual £15.9k
  • Approx. 800 Sqft Gross Internal Area
  • Second (Top) Floor with Juliette Balcony
  • Dual-Aspect Reception
  • Semi-Open-Plan Kitchen
  • Fitted Wardrobes in Both Bedrooms
  • Minutes from Norwich 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 30% share. Full market value £175,000). A great chance to buy a generously-sized, two-bedroom flat on the top floor of this modern development. The property has a large, dual-aspect reception with south-east-facing Juliette balcony. There is a smart, semi-open-plan kitchen, a spacious bathroom and both bedrooms include a fitted wardrobe. Wherry Road is close to the River Wensum. There are shops and a supermarket nearby plus the city centre is within easy reach. Norwich Train Station, for destinations including Cambridge, Peterborough and London Liverpool Street, is only a few minutes walk away.

 

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

(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 2017)
Share Available: 30% (£52,500). Clarion Housing may request that you purchase a higher share if the property is deemed 'too affordable'.
Shared Ownership Rent: £280.73 per month. The rent is subject to annual review.
Service Charge: £64.86 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £15,900 assuming dual incomes and a 10% deposit of 30% share. Equivalent single-income figure would be £18,400.
Council Tax: Band C, Norwich (£1607.40 for 2018-19). Priority may be given to applicants that currently live and/or work in the area governed by Norwich City Council.

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). There is no parking space offered with this property.

Dimensions

Reception
18' 3" x 13' 6" max. (5.56m x 4.11m)
Kitchen
13' 7" x 7' (4.14m x 2.13m)
Bedroom ( Bedroom 1 )
13' 7" max. x 13' 5" max. (4.14m x 4.09m)
Bedroom ( Bedroom 2 )
13' 4" x 9' 6" (4.06m x 2.90m)
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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