Watling Gardens, Dunstable, Bedfordshire LU6 3FD

£45,500 Shared Ownership

print details   Apply Here

  • Guideline Minimum Deposit £4,550
  • Guideline Income Dual £25.9k | Single £31.1k
  • First Floor
  • Approx. 665 Sqft Gross Internal Area
  • Open-Plan Reception/Kitchen
  • Good-Sized Double Bedrooms
  • Parking Space
  • Communal Garden

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £182,000). This smartly-presented, first-floor flat is south east facing and features a main room which, though open-plan, provides a well defined kitchen/dining area and a reception area with bay window. There is a large main bedroom, a second, smaller, double bedroom and a sleek, modern bathroom with attractive, marble-style tiles. The flat comes with use of a parking space and the town centre can also be easily reached via bike or bus. The development has a communal garden plus nature reserves and the National-Trust-managed Dunstable Downs can be found nearby.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://bit.ly/3A1RNBP]

(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 less 3 days from 01/01/2006).
Minimum Share: 25% (£45,500).
Shared Ownership Rent: £536.24 per month (subject to annual review).
Combined Service Charge and Admin Fee: £175.10 per month (subject to annual review).
Guideline Minimum Income: Dual - £25,900 | Single - £31,100 (based on minimum share and 10% deposit).
Council Tax: Band B, Central Bedfordshire 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 ( Reception/Dining Room )
16' 11" into bay x 10' 9" min. (5.16m x 3.28m)
Kitchen
11' 7" x 10' 10" (3.53m x 3.30m)
Bedroom ( Bedroom 1 )
17' max. x 10' max. (5.18m x 3.05m)
Bedroom ( Bedroom 2 )
10' 10" x 8' (3.30m x 2.44m)
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

Share this page