1 bed flat for sale

Bowsher Court, Star Street, Ware SG12

Shared ownership with no rent (Advertised price represents the 60% share available. Full market value £235,000 but see 'Please Note' below). A great chance to buy a one-bedroom flat with no rent to pay on the equity share retained by the housing association. The smartly-presented property is on the first floor and is south facing. Internal features included a reception/dining room with wood flooring, an attractive, semi-open-plan kitchen, a spacious bedroom and a sleek, white-tiled bathroom. A pair of storage/utility cupboards have been provided in the entrance hallway and well insulated walls. Modern double glazing and gas central heating make for a very good energy-efficiency rating. Bowsher Court is close to Ware town centre and just minutes from the railway station which provides services between Hertford East and London Liverpool Street. The flat comes with use of a parking space.

Please Note: This is a fixed equity property. 60% is the maximum you can own.

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 less 31 days from 01/01/2006).
Share Available: 60% (£141,000). There is no option to buy either a smaller or larger share.
Shared Ownership Rent: N/A. No shared ownership rent charged on this property.
Service Charge: £227.53 per month (subject to annual review).
Guideline Minimum Income: Dual - £30,000 | Single - £35,400 (based on a 10% deposit).
Council Tax: Band C, 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. 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.

Bathroom

6' 5" max. X 5' 11" max. (1.96m x 1.80m)

Bedroom

15' 3" max. X 10' 2" max. (4.66m x 3.10m)

Reception Room

15' 10" x 11' 7" (4.82m x 3.54m)

Kitchen

8' 0" x 5' 11" (2.44m x 1.80m)