3 bed semi-detached house for sale

Honeysuckle Close, Bishop's Stortford CM23

Shared ownership with very low rent (Advertised price represents 75% share. Theoretical full market value £385,000 but see 'Please Note' below). A chance to buy a shared-ownership family home with a very low rent. The semi-detached property has a conventional, modern layout: A cloakroom/WC and a good-sized kitchen at the front with the reception/dining room at the rear. A sliding door leads to a conservatory which, in turn, opens onto the east-facing garden. On the first floor of the house are two double bedrooms plus a smaller third bedroom and a sleek, naturally-lit bathroom. Well insulated walls and roof, double glazing and gas central heating make for a good energy-efficiency rating. A driveway provides space for off-street parking and Honeysuckle Close is also just a short bus or bike ride from Bishop's Stortford Station and the excellent range of shops and other amenities that the town centre has to offer. There are three primary schools in the local area, all Ofsted-rated 'Good'.
Please Note: This is a Capped Equity property. 'Staircasing' is limited to 90%.

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 and 1 day from 19/12/1997).
Share Available: 75% (£288,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £250.00 per year.
Service Charge: N/A.
Guideline Minimum Income: Dual - £57,800 | Single - £59,600 (based on minimum share and 10% deposit).
Council Tax: Band D, East Hertfordshire District 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.

Kitchen

9' 10" x 7' 9" (3.00m x 2.35m)

Sitting Room

14' 10" max. X 13' 11" max. (4.53m x 4.25m)

Conservatory

10' 0" x 8' 0" (3.04m x 2.43m)

Bedroom 1

11' 2" x 8' 4" (3.41m x 2.54m)

Bedroom 2

12' 8" x 8' 4" (3.87m x 2.54m)

Bedroom 3

8' 0" x 6' 4" (2.43m x 1.93m)

Bathroom

6' 3" max. X 6' 1" max. (1.91m x 1.85m)