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

£41,250 Shared Ownership

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  • Guideline Minimum Deposit £4,125
  • Guideline Income Dual £16.9k | Single £19.9k
  • First Floor
  • Approx. 674 Sqft Gross Internal Area
  • Juliette Balcony
  • Double Glazing and 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 £165,000). This first-floor flat has a good-sized reception room with Juliette balcony overlooking an area of lawn. 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 very good, thanks to well insulated walls, modern double glazing and gas central heating. 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.



(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: 25% (£41,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £315.87 per month. (Subject to annual review)
Service Charge: £121.50 per month. (Subject to annual review)
Ground Rent: £150.00 for current year.
Guideline Minimum Income: Dual £16,900 Single £19,900 (based on minimum share and 10% deposit)
Council Tax: Band B, Portsmouth. 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. Pets not permitted (except assistance animals).


Reception ( Reception Room )
16' 8" min. x 11' 3" (5.08m x 3.43m)
8' 4" x 7' 5" (2.54m x 2.26m)
Bedroom ( Bedroom 1 )
17' 1" max. x 8' 5" min. (5.21m x 2.57m)
Bedroom ( Bedroom 2 )
14' 2" max. x 6' 6" max. (4.32m x 1.98m)
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 Homes England outside of London.

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]


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