Kedleston Road, Grantham, Lincolnshire NG31 7FF

£42,500 Shared Ownership

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  • Guideline Minimum Deposit £4,250
  • Guideline Income Dual £17k, Single £20k
  • Three-Storey, Mid-Terrace House
  • Approx. 955 Sqft Gross Internal Area
  • Double Glazing/Gas Central Heating
  • Bathroom, Shower Room and Cloakroom
  • Garage
  • Rear Garden

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £170,000). A great chance to buy a three-bedroom 'shared ownership' house and a 25% share means only a relatively small deposit is needed. This spacious, three-storey, mid-terrace property is of conventional layout with a cloakroom and kitchen at the front and a reception room which opens onto the south-east-facing rear garden. Upstairs are two double bedrooms and the main bathroom while the top floor is devoted to a substantial master bedroom with fitted storage and en-suite shower room. Windows are double glazed units throughout and there is gas central heating. The house comes with a garage plus Grantham Station, for services to a number of destinations including Nottingham, York, Leeds, Manchester, Liverpool and London, is within comfortable walking distance.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2SOFLc2]

(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 (approx. 113 years remaining)
Share Available: 25% (£42,500). Clarion Housing may request that you purchase a higher share if the property is deemed 'too affordable'.
Shared Ownership Rent: £411.00 per month. The rent is subject to annual review.
Service Charge: £23.75 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £17,000 assuming dual incomes and a 10% deposit of 25% share. Equivalent single-income figure would be £20,000.
Council Tax: Band C, South Kesteven (£1456.14 for 2018-19). Priority may be given to applicants that currently live and/or work in the District of South Kesteven.

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.

Dimensions

Special ( Cloakroom )
Kitchen
9' 8" x 5' 10" (2.95m x 1.78m)
Reception ( Reception Room )
17' into bay x 12' 8" (5.18m x 3.86m)
Bedroom ( Bedroom 2 )
9' 5" max. x 9' 4" (2.87m x 2.84m)
Bedroom ( Bedroom 3 )
9' 6" x 7' (2.90m x 2.13m)
Bathroom
Bedroom ( Bedroom 1 )
18' 11" max. x 12' 9" (5.77m x 3.89m)
bathroom ( En-Suite Shower Room )
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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