2 bed flat for sale

Shared ownership (Advertised price represents 25% share. Full market value £250,000). This flat is on the third floor (which is the top floor in that part of the building) and has a good-sized reception room with a door that leads out onto a balcony overlooking Comet Square. There is a semi-open-plan kitchen and both bedrooms are spacious doubles. At Parkhouse Court the heating and hot water is fed from a communal system which, along with the electricity and water costs, is paid for monthly in the same way as the service charge. The Galleria Shopping Centre is very close plus there are supermarkets and a wide variety of other stores and amenities nearby. The flat comes with use of a parking space.

Interested parties are required to complete the shared ownership common application form

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(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: Clarion.
Tenure: Leasehold (125 years from 01/03/2006).
Minimum Share: 25% (£62,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £485.85 per month (subject to annual review).
Service Charge: £297.29 per month (subject to annual review).
Personal Charge: £153.00 per month (water, electricity, heating and hot water - figure subject to annual review).
Guideline Minimum Income: Dual - £33,200 Single - £39,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Welwyn Hatfield Borough Council. Priority is given to applicants living and/or working in this local authority.
EWS1: Currently rated 'B2'. Final phase of remedial works planned but not yet completed. Barratt Homes (original developer) have confirmed no costs to be passed on to leaseholders.

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. Pets not permitted (except assistance animals).

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:

1. Not own another property in the UK or any other country.
2. 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.
3. 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).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Third Floor

Entrance Hall

Reception / Dining Room
16' 6" x 10' 4" (5.03m x 3.15m)

Balcony

Kitchen
10' 3" x 6' 11" (3.12m x 2.11m)

Bedroom 1
16' 3" x 8' 8" (4.95m x 2.64m)

Bedroom 2
16' 3" max. X 8' 6" max. (4.95m x 2.59m)

Bathroom