2 bed terraced house for sale

Edmund Green, Gosfield, Halstead CO9

Shared ownership (Advertised price represents 50% share. Theoretical full market value £270,000 but see 'Please Note' below). This gable-fronted and smartly-presented property forms one end of a four-house terrace in the rural village of Gosfield, which is around four and a half miles northeast of Braintree and only a short bus or bike ride from Halstead town centre. The front garden is bordered by mature hedge and leads to a small entrance hall which, in turn, provides access to a dual-aspect reception/dining room with open staircase. At the rear of the property is a good-sized kitchen and up on the first floor there are two full-width double bedrooms and a simple yet stylish and naturally-lit shower room. The windows are double glazed units throughout and there is gas central heating. Behind the terrace, and easily accessible via a gate from the neatly-maintained back garden, is a parking area which includes a space allocated to this house plus some, shared, visitor spaces.
Please Note: 'Staircasing' is restricted to a maximum of 80% of the property.

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 (currently 99 years from 25/03/1993,50 year extension in progress).
Minimum Share: 50% (£135,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £204.18 per month (subject to annual review).
Service Charge: £33.66 per month (subject to annual review).
Guideline Minimum Income: Dual - £28,400 | Single - £33,000 (based on minimum share and 15% deposit).
Council Tax: Band B, Braintree 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.

Sitting / Dining Room

19' 3" max. X 12' 2" max. (5.87m x 3.70m)

Kitchen

12' 3" x 9' 2" (3.73m x 2.79m)

Bedroom 1

12' 0" x 8' 10" (3.65m x 2.70m)

Shower Room

8' 0" x 5' 0" (2.43m x 1.52m)

Bedroom 2

12' 0" x 8' 10" (3.4m x 2.70m)