* Leasehold
* Guideline Minimum Deposit £6, 440
* Guide Minimum Income £21. 1k (Dual) £25. 3k (Single)
* Two Storey, Detached House
* Approx. 1229 Sqft Gross Internal Area
* High Performance Glazing
* Bathroom, Shower Room and Cloakroom
* Rear Garden
* Garage plus Driveway
Shared ownership (Advertised price represents 28% share. Full market value
£230, 000). A spacious, detached and smartly - presented house which is part of a
recently - constructed development to the south - east of Spennymoor town centre.
A front reception room leads through to an attractive kitchen/dining room with
sleek, white units, and access to a utility room and ground - floor cloakroom.
Patio doors open onto a rear garden with decked seating area. Upstairs, on the
first floor, is a main bedroom with en - suite shower room plus three further
double bedrooms and a simple yet stylish family bathroom. Well insulated
walls, roof and floor, high performance glazing and a modern gas central
heating system have resulted in a very good energy - efficiency rating. The
house has an integral garage plus driveway and the nearby A688 connects to the
A1(M) as well to a number of other useful local roads.
**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: _ Heylo. Heylo Housing requires that all applicants must
have Permanent rights to reside in the UK.
_Tenure: _ Leasehold (125 years from 2021).
_Minimum Share: _ 28% (£64, 400).
_Shared Ownership Rent: _ £381. 32 per month (subject to annual review).
_Insurance + Management Fee: _ £34. 53 per month (subject to annual review).
_Guideline Minimum Income: _ Dual - £21, 100 Single - £25, 300 (based on minimum
share and 10% deposit).
_Council Tax: _ Band D, Durham County 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.
_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
Reception Room
14' 11" max. X 11' 9" max. (4. 55m x 3. 58m)
Kitchen / Dining Room
18' 0" max. X 10' 1" max. (5. 49m x 3. 07m)
Utility Room
5' 4" x 5' 3" (1. 63m x 1. 60m)
Cloakroom
5' 3" x 3' 0" (1. 60m x 0. 91m)
Garage
16' 3" max. X 7' 10" max. (4. 95m x 2. 39m)
First Floor
Landing
Bedroom 1
12' 11" max. X 11' 6" max. (3. 94m x 3. 51m)
En - Suite Shower Room
7' 10" x 4' 2" (2. 39m x 1. 27m)
Bedroom 2
12' 11" max. X 8' 9" max. (3. 94m x 2. 67m)
Bedroom 3
12' 5" max. X 8' 8" max. (3. 78m x 2. 64m)
Bedroom 4
12' 5" max. X 8' 4" max. (3. 78m x 2. 54m)
Bathroom
7' 3" x 6' 6" (2. 21m x 1. 98m)

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