Graduate Court, Tudor Crescent, Cosham, Hampshire PO6 2BZ

£40,625 Shared Ownership

print details   Apply Here

  • Guideline Minimum Deposit £4,063
  • Guideline Income £19.8k, dual £16.9k
  • Second Floor with Juliette Balcony
  • Approx. 655 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Parking Space
  • Walking Distance to Cosham 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 25% share. Full market value £162,500). This second-floor flat has a good-sized reception room with Juliette balcony and access to the kitchen. There is a large bedroom with fitted wardrobe and a second bedroom which, though smaller, is still a double. The bathroom benefits from natural light and there is useful storage in the hallway. Energy-efficiency and environmental-impact ratings are excellent, thanks to well insulated walls, gas central heating and high performance glazing. The flat comes with a parking space or, alternatively, Cosham Station is within easy reach and offers trains to Portsmouth Harbour, Southampton and London Victoria/Waterloo amongst other destinations.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2GVo4zN]

(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 2011)
Minimum Share Available: 25% (£40,625). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £315.87 per month. The rent is subject to annual review.
Service Charge: £122.25 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £16,850 assuming dual incomes and a 10% deposit of a 25% share. Equivalent single-income figure would be £19,800.
Council Tax: Band B, Portsmouth (£1295.66 for 2019-20). Priority may be given to applicants that currently live and/or work in the area governed by Portsmouth City Council.

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 ( Reception Room )
16' 6" min. x 11' 2" (5.03m x 3.40m)
Kitchen
9' x 7' 4" (2.74m x 2.24m)
Bedroom ( Bedroom 1 )
17' max. x 8' 4" (5.18m x 2.54m)
Bedroom ( Bedroom 2 )
14' 2" max. x 6' 5" max. (4.32m x 1.96m)
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

Share this page