Lark Field Close, Astley, Manchester M29 7ST

£40,000 Shared Ownership

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  • Guideline Minimum Deposit £4,000
  • Guideline Income £16,000
  • Two Storey, End of Terrace House
  • Approx. 740 Sqft Gross Internal Area
  • High Performance Glazing
  • Gas Central Heating
  • Rear Garden
  • Two Parking Spaces

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £160,000). This attractively presented and recently constructed house forms one end of a short, two-storey terrace. The front door opens into a good-sized reception room with exposed staircase and leads through to a smart kitchen/dining room which provides access to a cloakroom and to the south-west-facing rear garden. On the first floor there is a stylish bathroom and two generously proportioned bedrooms. Modern insulation standards, gas central heating and high performance glazing make for very good energy-efficiency and environmental-impact ratings. There are highly rated schools in the local area and the house comes with the use of two parking spaces.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://bit.ly/2CV9IkC]

(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 2017)
Minimum Share: 25% (£40,000)
Shared Ownership Rent: £310.65 per month (subject to annual review).
Service Charge: £12.87 per month (subject to annual review).
Combined Building Insurance/Admin Fee: £27.06 per month (subject to annual review).
Guideline Minimum Income: £16,000 (based on minimum share and 10% deposit)
Council Tax: Band B, Wigan Metropolitan Borough Council. 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 ( Sitting Room )
17' 3" max. x 12' 2" max. (5.26m x 3.71m)
Kitchen ( Kitchen/Dining Room )
12' 6" max. x 12' 1" max. (3.81m x 3.68m)
Special ( Cloakroom )
Bedroom ( Bedroom 1 )
12' 5" max. x 12' 1" max. (3.78m x 3.68m)
Bathroom
Bedroom ( Bedroom 2 )
12' 3" max. x 11' max. (3.73m x 3.35m)
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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