Semi-detached house for sale in Swallows Rise, Portslade, Brighton BN41
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Property features
- Guideline Minimum Deposit £19,250
- Guide Min Income Dual £55.2k Single £63.5k
- Two Storey, Three Bedroom, Semi Detached House
- Approx. 1006 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Very Good Energy-Efficiency Rating
- Rear Garden
- Parking Space (+ Unallocated/Visitor Parking)
Property description
Interested parties are required to complete the shared ownership common application form [here; ]
(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 (250 years from 01/09/2020).
Minimum Share: 50% (£192,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £535.84 per month (subject to annual review).
Service Charge: £46.60 per month (subject to annual review).
Guideline Minimum Income: Dual - £55,200 Single - £63,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Brighton & Hove City 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.
Ground Floor
Entrance Hallway
Reception Room
14' 1" x 9' 7" (4.29m x 2.92m)
Cloakroom
Kitchen / Dining Room
16' 4" max. X 10' 11" max. (4.98m x 3.33m)
First Floor
Landing
Bedroom 1
16' 4" x 8' 10" (4.98m x 2.69m)
Bathroom
Bedroom 2
14' 1" x 9' 1" (4.29m x 2.77m)
Bedroom 3
11' 0" max. X 7' 7" max. (3.35m x 2.31m)
Property info
For more information about this property, please contact
Urban Moves, TW9 on +44 20 3641 8096 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Urban Moves, and do not constitute property particulars. Please contact Urban Moves for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.