Parsons Lane, Littleport, Ely, Cambridgeshire CB6 1JX

£46,500 Shared Ownership

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  • Guideline Minimum Deposit £4,650
  • Guideline Income £16,000
  • First (Top) Floor with Own Entrance
  • Approx. 714 Sqft Gross Internal Area
  • Semi-Open-Plan Reception/Kitchen
  • Double Glazing and Gas Central Heating
  • Car Port Parking Space
  • Walking Distance to Littleport 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 £155,000). This property has a private entrance and forms the first (top) floor of a modern building, part of a development of similar houses/flats in the village of Littleport which is located approximately five miles north-east of Ely. The reception room is semi-open-plan to the kitchen, there is a spacious main bedroom, a second double bedroom and a naturally-lit bathroom with pencil-mosaic tiles. Well insulated walls and roof, double glazing and gas central heating make for good energy-efficiency and environmental-impact ratings. There is a car-port parking space plus Littleport Railway Station, for services between King's Lynn and London King's Cross, is within comfortable walking distance.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2s8G2vb]

(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 2009)
Minimum Share: 30% (£46,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £267.71 per month. (Subject to annual review)
Service Charge: £41.41 per month. (Subject to annual review)
Ground Rent: £300.00 for current year
Guideline Minimum Income: £16,000 (based on minimum share and 10% deposit)
Council Tax: Band A, East Cambridgeshire. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Dimensions

Reception ( Reception Room )
17' x 11' 1" min. (5.18m x 3.38m)
Kitchen
13' 4" x 5' 8" (4.06m x 1.73m)
Bedroom ( Bedroom 1 )
17' max. x 10' max. (5.18m x 3.05m)
Bedroom ( Bedroom 2 )
10' 4" x 7' 6" (3.15m x 2.29m)
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 Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England 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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