Terraced house for sale in Raley Drive, Barnsley S75

Shared ownership (Advertised price represents 35% share. Full market value £210,000). This three-storey, mid-terrace house is traditional in style but with the energy-efficiency benefits that modern construction provides. On the ground floor is a reception room, an under-stairs cloakroom and, at the rear, an attractive kitchen/dining room with patio doors that open onto the garden. The stylish main bathroom is on the first floor, along with two bedrooms - one large and one which, though smaller, could still be considered a double. A doorway and naturally-lit flight of stairs leads up to a principle bedroom with built-in wardrobe and en-suite shower room. The driveway at the front of the house provides off-street parking space for two cars and the town centre/railway station can also be easily reached via bus or by brief bike ride. If travelling further afield, the M1 is around an eight-minute drive away (Google Maps).

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 a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 21/06/2019).
Minimum Share: 35% (£73,500).
Shared Ownership Rent: £335.15 per month (subject to annual review).
Building Insurance + Management Fee: £33.85 per month (subject to annual review).
Guideline Minimum Income: Dual - £21,200 Single - £25,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Barnsley 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.

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
13' 8" max. X 10' 5" max. (4.17m x 3.17m)

Cloakroom

Kitchen / Dining Room
13' 6" x 11' 10" max. (4.11m x 3.61m)

First Floor

Bedroom 2
13' 6" x 8' 4" max. (4.11m x 2.54m)

Bathroom

Bedroom 3
8' 11" x 7' 0" (2.72m x 2.13m)

Second Floor

Bedroom 1
13' 6" into bay x 10' 6" (4.11m x 3.20m)

En-Suite Shower Room