Rigby Road, Blackpool, Lancashire FY1 5DE

£35,750 Shared Ownership

Guideline Minimum Deposit £3,575
Guideline Income £16k
Two Storey, Mid Terrace House
Approx. 938 Sqft Gross Internal Area
High Performance Glazing
Bathroom plus Downstairs Cloakroom
Rear Garden
Forecourt Parking

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 25% share. Full market value £143,000). This modern house has a spacious cloakroom off the entrance hallway with the remainder of the ground floor devoted to a full-length, open-plan kitchen/reception which includes a double height ceiling in the living room section. Doors lead out to paved, triangular, south-facing garden. On the first floor of the house is a large landing which allows access to the three bedrooms, all of which are doubles, and to a simple yet stylish bathroom. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and gas central heating. Rigby Road is located just a short walk from the sea front and within easy reach of the various amenities that the town centre has to offer. A forecourt provides space for parking.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/25fwt5x3]

(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 2019).
Minimum Share: 25% (£35,750).
Shared Ownership Rent: £265.21 per month (subject to annual review).
Combined Insurance and Admin Fee: £40.50 per month (estimated and subject to annual review).
Guideline Minimum Income: £16,000 (based on minimum share and 10% deposit).
Council Tax: Band A, Blackpool 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

27' 2" max. x 14' 6" max. (8.28m x 4.42m)

Kitchen

included in reception measurement

Special ( Cloakroom )

Bedroom ( Bedroom 1 )

12' 5" x 8' (3.78m x 2.44m)

Bedroom ( Bedroom 2 )

11' 3" x 10' 2" (3.43m x 3.10m)

Bedroom ( Bedroom 3 )

11' 3" x 7' 2" (3.43m x 2.18m)

Bathroom

Energy Effeciency Rating

Energy Efficency 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]