Housing Association: Clarion.
Tenure: Leasehold (125 years from 05/03/2019).
Minimum Share: 60% (£138,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £275.46 per month (subject to annual review).
Service Charge: £197.80 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £36,800 | Single - £43,100 (based on minimum share and 10% deposit).
Council Tax: Band C, Wealden 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.
Shared ownership (Advertised price represents 60% share. Full market value £230,000).
Discover modern living in this smartly-presented two-bedroom top-floor flat, featuring an allocated parking space and a prime location within walking distance (0.3 mil approx) of Polegate railway station.
Step inside to a bright and inviting space. The spacious reception room boasts a sleek, open-plan kitchen, creating a contemporary hub perfect for daily living and entertaining. A distinctive feature window offers views down onto Station Road, adding a touch of urban charm.
The property includes two generously proportioned bedrooms. The principal bedroom is spacious and features a matching window, ensuring plenty of natural light. There is also a well-sized second bedroom, offering versatility for guests or a home office.
The bathroom is simple yet stylish, providing a functional and well-maintained space.
Constructed with energy efficiency in mind, the flat benefits from well-insulated walls and roof, high-performance glazing, and a modern gas central heating system, all contributing to a very good energy-efficiency rating (B).
Externally, the property comes with the convenience of an allocated parking space located to the rear of the block, a valuable asset in this location.
Situated in the heart of Polegate, the current railway station is just a few minutes' walk away, providing excellent services to various locations along the south coast and direct trains to London Victoria. The area is well-regarded for its local amenities.
This exceptional flat offers a blend of modern comfort and superb connectivity. Arrange your viewing today to experience everything this property has to offer.
