Compair Crescent, Ipswich, Suffolk IP2 0EJ

£36,000 Shared Ownership

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  • Guideline Minimum Deposit £3,600
  • Guideline Income £10,150
  • First Floor with Juliette Balcony
  • Approx. 620 Sqft Gross Internal Area
  • Semi-Open-Plan Reception/Kitchen
  • Double Glazing and Gas Central Heating
  • Communal Parking
  • Short Walk to Ipswich 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 £120,000). This first-floor flat has a good-sized reception room with Juliette balcony and a semi-open-plan kitchen. There is a large main bedroom plus a second smaller bedroom, both rooms having a pleasant view over the communal garden. Well insulated walls, modern double glazing and gas central heating make for good energy-efficiency and environmental-impact ratings. Ipswich Station, for services to Norwich, Cambridge, Felixstowe, Lowestoft and London Liverpool Street, is only a short walk away. The town centre is also within comfortable walking distance or short bus/cycle ride. The development has communal parking?

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2GH78wB]

(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 2010)
Minimum Share Available: 30% (£36,000). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £110.20 per month. The rent is subject to annual review.
Service Charge: £97.87 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £10,150 assuming a 10% deposit of a 30% share.
Council Tax: Band B, Ipswich (£1452.15 for 2019-20). Priority may be given to applicants that currently live and/or work in the Borough of Ipswich.

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 ( Lounge/Dining Room )
15' 1" max. x 14' 3" (4.60m x 4.34m)
Kitchen
8' 2" x 8' (2.49m x 2.44m)
Bedroom ( Bedroom 1 )
14' 3" max. x 10' 2" max. (4.34m x 3.10m)
Bedroom ( Bedroom 2 )
10' max. x 8' 3" max. (3.05m x 2.51m)
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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