1 bed flat for sale

Beldam Bridge Gardens, West End, Woking GU24

Shared ownership (Advertised price represents 35% share. Full market value £250,000). This smartly-presented flat is on the first (top) floor of a detached building which forms part of a modern development in attractive, semi-rural surroundings. The property has a good-sized reception room and a kitchen which features sleek, white units and contrasting dark work surfaces. A small inner hallway leads to the bedroom, as well as to a simple yet stylish, naturally-lit bathroom. Well-insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy efficiency rating. Immediately to the left of the ground-floor entrance is a garage which is demised to this flat and to the rear of the building is a private section of garden. The garage includes significant built-in storage space in the form of two large cupboards and there is space in front of the garage for an additional car. Both Bagshot and Woking town centres are within easy reach and the M3 is less than a ten-minute drive away (Google Maps estimate) if travelling further afield.

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 from 01/12/2018).
Minimum Share: 35% (£87,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £519.31 per month (subject to annual review).
Service Charge: £67.52 per month (subject to annual review).
Ground Rent: £100.00 for the year.
Guideline Minimum Income: Dual - £30,700 | Single - £36,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Surrey Heath 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.

Garage

19' 9" x 9' 11" (6.03m x 3.01m)

Walk-In Storage Cupboard

9' 11" x 5' 1" (3.01m x 1.55m)

Living/Dining Room

17' 7" x 10' 5" (5.35m x 3.17m)

Kitchen

12' 2" x 7' 1" (3.71m x 2.17m)

Bedroom

13' 7" x 9' 1" (4.15m x 2.78m)

Bathroom

7' 3" x 5' 6" (2.22m x 1.67m)