2 bed flat for sale

Edward House, Old School Close, Guildford GU1

Shared ownership (Advertised price represents 35% share. Full market value £345,000). Edward House is part of a modern development, built in a period style to blend in with the existing housing stock. The flat available is on the first floor and features a reception room with dining area and a spacious kitchen. The bedrooms are both generously-size doubles and one further benefits from a bay window and fitted wardrobe. Well insulated walls, double glazing and gas central heating make for a very good energy-efficiency rating. Close by are the beautiful ornamental gardens and the wider green spaces of Stoke Park. The centre of this historic town, with its enviable mix of picture-book cobbled High Street and excellent modern shops and facilities, is within easy reach. Both London Road and the main Guildford railway station are also in comfortable walking distance. The flat comes with use of an allocated parking space and access to the communal rear garden.

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: A2Dominion.Tenure: Leasehold (125 years from 29/09/2003).
Minimum Share: 35% (£120,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £534.00 per month (subject to annual review).
Service Charge: £111.24 per month, including sinking fund (subject to annual review).
Guideline Minimum Income: Dual £41,200 | Single £47,400 (based on minimum share and 10% deposit).
Council Tax: Band D, Guildford 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. 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.

Dining Area

12' 6" x 9' 6" (3.81m x 2.90m)

Reception Area

16' x 9' 9" (4.88m x 2.97m)

Kitchen

12' 6" x 6' 9" (3.81m x 2.06m)

Bedroom 1

14' into bay x 10' max. (4.27m x 3.05m)

Bedroom 2

12' max. X 10' 5" max. (3.66m x 3.18m)