* Leasehold
* Guideline Minimum Deposit £7, 750
* Guideline Income £43k (dual) £49. 3k (single)
* First Floor with Balcony
* Approx. 597 Sqft Gross Internal Area
* High Performance Glazing
* Communal Heating and Hot Water System
* Quiet, Courtyard - Facing Aspect
* City Centre/Station/Beach Easily Accessible
Shared ownership (Advertised price represents 25% share. Full market value
£310, 000). This generously - sized and smartly - presented apartment is on the
first floor and appears in excellent condition throughout. The property has a
spacious reception room with attractive flooring and a semi - open - plan kitchen
featuring sleek, handle - less units and integrated appliances. A sliding door
leads out onto good - sized balcony with quiet, courtyard - facing aspect. There
is an additional Juliette balcony in the bedroom, some useful built - in storage
in the entrance hallway and a simple yet stylish bathroom. The energy -
efficiency rating is very good, thanks to well insulated walls, high
performance glazing and underfloor heating supplied from a communal hot water
system. Victoria and Valley Gardens are just minutes away and the city centre,
railway station and beach are all easily accessible.
**Interested parties are required to complete the shared ownership common
application form
**
**[]**
(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 2019).
_Minimum Share: _ 25% (£77, 500). The housing association will expect that you
will purchase the largest share affordable.
_Shared Ownership Rent: _ £634. 82 per month (subject to annual review).
_Service Charge: _ £307. 66 per month (subject to annual review).
_Ground Rent: _ £150. 00 for the year.
_Guideline Minimum Income: _ Dual - £43, 000 Single - £49, 300 (based on minimum
share and 10% deposit).
_Council Tax: _ Band B, Brighton & Hove City 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. Pets not permitted (except
assistance animals). There is no parking space offered with this property
however the vendors inform us that on - street parking is available.
_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.
First Floor
Entrance Hall
Bedroom
14' 4" x 9' 7" (4. 37m x 2. 92m)
Bathroom
Reception
20' 11" max. X 18' 9" max. (6. 38m x 5. 71m)
Balcony
Kitchen
included in reception measurement

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