Taylor Court, Great Cornard, Sudbury, Suffolk CO10 0WG

£35,000 Shared Ownership

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  • Guideline Minimum Deposit £3,500
  • Guideline Income Dual £16k | Single £17.4k
  • Second (Top) Floor
  • Approx. 537 Sqft Gross Internal Area
  • High Performance Glazing
  • Open-Plan Reception/Kitchen
  • Parking Space
  • Communal Grounds + Cycle Store

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £140,000). This well-proportioned and well-presented, top-floor flat is part of the recently constructed Weavers Meadow development. The property has a 25'+ reception room with open-plan kitchen area and a south-west-facing Juliette balcony. There is a spacious bedroom and a stylish, modern bathroom. Energy-efficiency and environmental-impact ratings are very good, thanks to well insulated walls, high performance glazing and roof-mounted solar panels. There are shops in Great Cornard with many further amenities in the centre of Sudbury. Sudbury Railway Station is within comfortable walking distance and provides services to Marks Tey with connections available to Colchester, Ipswich and London Liverpool Street. Taylor Court has electronic fob entry, a communal cycle store and a car park which includes a space for this flat.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://bit.ly/3hBryIN]

(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 2018).
Minimum Share: 25% (£35,000).
Shared Ownership Rent: £257.81 per month (subject to annual review).
Combined Service Charge/Admin Fee: £152.08 per month (subject to annual review).
Ground Rent: £200.00 for current year.
Guideline Minimum Income: Dual £16,000 | Single £17,400 (based on minimum share and 10% deposit)
Council Tax: Band A, Babergh District 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
25' 4" max. x 11' 7" max. (7.71m x 3.53m)
Kitchen
included in reception measurement
Bedroom
17' 6" x 9' 6" (5.33m x 2.90m)
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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