Norton Close, Borehamwood, Hertfordshire WD6 5DW

£35,000 Shared Ownership

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  • Guideline Minimum Deposit £3,500
  • Guideline Income Dual £13.7k, Single £15.2k
  • Two Storey, End-of-Terrace House
  • Approx. 680 Sqft Gross Internal Area
  • Double Glazing
  • Gas Central Heating
  • Rear Garden
  • Front Driveway

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 10% share. Full market value £350,000). A great chance to buy a 'shared ownership' house. This two-storey, end-of-terrace property has a conventional layout with a reception room at the front, leading through to a kitchen/dining room which offers access to the rear garden (also accessible via sideway). Upstairs there is a stylish, recently-installed bathroom, a large main bedroom with built-in wardrobe and a second bedroom which, though smaller, is still a comfortable double. There is useful storage down the side access to the property. The front driveway provides space for parking. Elstree & Borehamwood is the nearest station and is within reasonable walking distance or can be easily reached by bus or short cycle ride. Services include frequent trains into St. Pancras/Farringdon.

 

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

(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 1990)
Minimum Share: 10% (£35,000). The housing association will expect you to purchase the largest share that is affordable.
Shared Ownership Rent: £346.19* per month (based on 10% ownership). The rent is subject to annual review.
Service Charge: Included in 'Shared Ownership Rent'.
Guideline Minimum Household Income: £13,700 assuming dual incomes and a 10% deposit of a 10% share. Equivalent single-income figure would be £15,150.
Local Authority: Hertsmere. Priority may be given to applicants that currently live and/or work in the Borough of Hertsmere.
Council Tax Band: D (£1762.89 for 2019/20)

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

Reception ( Reception Room )
14' 6" max. x 12' 5" max. (4.42m x 3.78m)
Kitchen ( Kitchen/Dining Room )
15' 9" max. x 6' 8" (4.80m x 2.03m)
Garden
approximately 33' 4" x 23' 6" (10.17m x 7.16m)
Bedroom ( Bedroom 1 )
15' 10" max. x 9' 8" (4.83m x 2.95m)
Bedroom ( Bedroom 2 )
9' 1" x 8' 8" (2.77m x 2.64m)
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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