* Leasehold
* Guideline Minimum Deposit £5, 000
* Ground Floor
* Approx. 577 Sqft Gross Internal Area
* High Performance Glazing
* Bathroom plus En - Suite Shower Room
* Parking Space + Shared Cycle Store
* Short Walk from Selly Oak Railway Station
* Guide Minimum Income £18k (Dual) £20. 2k (Single)
Shared ownership (Advertised price represents 25% share. Full market value
£200, 000). This ground - floor flat is part of a recently - constructed
development and appears in excellent condition throughout. The property has a
twenty - three - foot, south - east - facing reception with open - plan kitchen
featuring sleek, white units and integrated appliances. The bedrooms are
similar - sized doubles and one benefits from an en - suite shower room. There is
also a simple yet stylish, naturally - lit bathroom. Well insulated walls and
floor, high performance glazing and a modern gas central heating system all
contribute towards a very good energy - efficiency rating. Ofsted list five
schools (four primaries and a secondary) rated either 'Good' or 'Outstanding
within an approx. Half - mile radius of Escelie Way'. The flat comes with use of
a parking space and is also just a short walk from Selly Oak Railway Station.
**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 2020).
_Minimum Share: _ 25% (£50, 000). The housing association will expect that you
will purchase the largest share affordable.
_Shared Ownership Rent: _ £324. 25 per month (subject to annual review).
_Service Charge: _ £49. 54 per month (subject to annual review).
_Ground Rent: _ £150. 00 for the year.
_Guideline Minimum Income: _ Dual - £18, 000 Single - £20, 200 (based on minimum
share and 10% deposit).
_Council Tax: _ Band B, Birmingham 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).
_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.
Ground Floor
Entrance Hallway
Reception
23' 0" max. X 10' 6" max. (7. 01m x 3. 20m)
Bedroom 1
10' 1" max. X 9' 9" (3. 07m x 2. 97m)
En - Suite Shower Room
Bedroom 2
9' 10" x 9' 3" (3. 00m x 2. 82m)
Bathroom

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