Lorimer Close, Sedgefield, Stockton-on-Tees, Durham TS21 2BP

£57,200 Shared Ownership

print details   Apply Here

  • Guideline Minimum Deposit £5,720
  • Guideline Income Dual £22.2k | Single £27.5k
  • Two Storey, Detached House
  • Approx. 1094 Sqft Gross Internal Area
  • Reception, Dining Room and Kitchen
  • Bathroom, Shower Room and Cloakroom
  • Spacious Rear Garden
  • Integral Garage plus Driveway

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 26% share. Full market value £220,000). A great chance to buy a spacious family home. This detached property benefits from a generously-sized rear garden, an integral garage plus front driveway. Internally, there is a dining room, a ground-floor cloakroom, a reception room and a kitchen with sleek, white units and integrated appliances including a double oven. Upstairs is a main bedroom with a large, built-in wardrobe and an en-suite shower room plus two further double bedrooms and a naturally-lit bathroom. Lorimer Close is part of a recently-constructed development. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. Sedgefield's attractive high street is only a short walk away and the nearby roads allow easy access to the regions major towns and cities as well as to the A1(M).

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/y36jvwff]

(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.)

 

Housing Association: heylo.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 26% (£57,200).
Shared Ownership Rent: £409.02 per month (subject to annual review).
Combined Building Insurance/Admin Fee: £30.90 per month (subject to annual review).
Service Charge: £121.68 for the year (estimated and subject to annual review).
Guideline Minimum Income: Dual - £22,200 | Single - £27,500 (based on minimum share and 10% deposit).
Council Tax: Band D, Durham County 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 ( Dining Room )
10' 1" x 8' 8" (3.07m x 2.64m)
Special ( Cloakroom )
8' 8" x 3' 7" (2.64m x 1.09m)
Reception ( Sitting Room )
14' 2" x 10' 5" (4.32m x 3.18m)
Kitchen
9' 9" x 9' 7" (2.97m x 2.92m)
Garage
13' 10" x 7' 7" (4.22m x 2.31m)
Bedroom ( Bedroom 1 )
11' 6" x 10' 6" (3.50m x 3.20m)
bathroom ( En-Suite Shower Room )
Bedroom ( Bedroom 2 )
11' 9" x 9' 10" (3.58m x 3.00m)
Bedroom ( Bedroom 3 )
9' 10" x 8' 11" (3.00m x 2.72m)
Bathroom
8' 5" x 6' 9" (2.56m x 2.06m)
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