Issac House, 99 Heritage Way, Gosport, Hampshire PO12 4WE

£45,500 Shared Ownership

Guideline Minimum Deposit £4,550
Guideline Income Dual £14.2k, Single £15.9k
Second Floor with Juliette Balcony
Approx. 635 Sqft Gross Internal Area
Open-Plan Reception/Kitchen
Close to Shoreline
Parking Space
Town Centre Within Easy Reach

General Description

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

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £130,000). This two-bedroom apartment is on the second floor of a development close to the Millennium Footbridge that crosses Forton Lake. Features included a spacious reception room with Juliette balcony and open-plan kitchen. Both bedrooms are doubles and there is a simple, modern bathroom. The flat comes with a parking space and is also within comfortable walking distance, or short cycle ride, of the town centre.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2GtZ1VF]

(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 2006)
Share Available: 35% (£45,500). Clarion Housing may request that you purchase a higher share if the property is deemed 'too affordable'.
Shared Ownership Rent: £208.84 per month. The rent is subject to annual review.
Service Charge: £105.94 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £14,200 assuming dual incomes and a 10% deposit of 35% share. Equivalent single-income figure would be £15,850.
Council Tax: Band D, Gosport (£1663.35 for 2018-19). Priority may be given to applicants that currently live and/or work in the Borough of Gosport.

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).

Dimensions

Reception

19' 4" max. x 15' 4" max. (5.89m x 4.67m)

Kitchen

included in reception measurement

Bedroom ( Bedroom 1 )

11' 11" x 9' 5" (3.63m x 2.87m)

Bedroom ( Bedroom 2 )

12' 5" max. x 7' 2" max. (3.78m x 2.18m)

Bathroom

Energy Effeciency Rating

Energy Efficency Rating Environmental Impact 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]