Royale Place, 247 Queens Road, Nuneaton, Warwickshire CV11 5NB

£43,750 Shared Ownership

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  • Guideline Minimum Deposit £4,375
  • Min. Income Single £16.2k, Dual £14.4k
  • Ground Floor
  • Approx. 565 Sqft Gross Internal Area
  • South Facing with Bay Windows
  • Two Double Bedrooms
  • Parking
  • Short Walk from Town Centre

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 50% share. Full market value £87,500). This modern, ground-floor flat has two bay windows to take advantage of its south-facing aspect. The kitchen is semi-open-plan to the reception and both bedrooms are comfortable doubles. There is parking to the rear of the building and the town centre is only a short walk away. Nuneaton Train Station, for services to a wide range of destinations including Birmingham New Street, Coventry, Leicester, Milton Keynes and London Euston, is also within easy reach.



(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 (99 years from 2006)
Share Available: 50% (£43,750). Clarion Housing may request that you purchase a higher share if the property is deemed 'too affordable'.
Shared Ownership Rent: £223.47 per month. This is the figure from April 2019 and is reviewed annually.
Service Charge: £107.28 per month. This is the figure from April 2019 and is reviewed annually.
Guideline Minimum Household Income: £14,400 assuming dual incomes and a 10% deposit of a 50% share. Equivalent single-income figure would be £16,150.
Council Tax: Band A, Nuneaton & Bedworth (£1262.30 for 2019-20). Priority may be given to applicants that currently live and/or work in the Borough of Nuneaton & Bedworth.

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).


17' 3" into bay x 14' 6" max. (5.26m x 4.42m)
included in reception measurement
Bedroom ( Bedroom 1 )
11' 2" max. x 11' 1" into bay (3.40m x 3.38m)
Bedroom ( Bedroom 2 )
11' 8" max. x 7' 6" max. (3.56m x 2.29m)
Energy Effeciency Rating


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.

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]


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