Lark Field Close, Astley, Manchester M29 7ST

£58,750 Shared Ownership

Guideline Minimum Deposit £5,875
Guideline Income Dual £23.5k | Single £29.5k
Two Storey, Semi Detached House
Approx. 904 Sqft Gross Internal Area
High Performance Glazing
Bathroom plus Downstairs Cloakroom
South West Facing Rear Garden
Driveway 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 £235,000). A modern, semi-detached house that occupies a favourable position alongside an area of grass and mature trees. The stylishly-presented property has a good-sized kitchen at the front, an under-stairs cloakroom and a spacious rear reception/dining room that opens onto the south-west-facing garden. On the first floor is a large main bedroom plus two smaller double bedrooms and an attractive, naturally-lit bathroom. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and gas central heating. There are highly rated schools in the local area, a driveway at the side of the house provides space for off-street parking and the nearby roads allow easy access to Manchester city centre.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/yc8yctjk]

(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 2017).
Minimum Share: 25% (£58,750).
Shared Ownership Rent: £415.37 per month (subject to annual review).
Admin Fee: £20.88 per month (subject to annual review).
Service Charge:£165.59 for the year (subject to annual review).
Guideline Minimum Income: Dual £23,500 | Single £29,500 (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

Kitchen

12' 5" x 7' 8" (3.78m x 2.34m)

Special ( Cloakroom )

Reception ( Reception Room )

17' 6" max. x 14' 8" max. (5.33m x 4.47m)

Bedroom ( Bedroom 1 )

14' 9" x 10' 3" (4.50m x 3.12m)

Bedroom ( Bedroom 2 )

13' 1" max. x 7' 3" min. (3.99m x 2.21m)

Bedroom ( Bedroom 3 )

9' 10" x 7' 2" (3.00m 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]