2 bed terraced house for sale

Merritt Way, Waterlooville PO8

Shared ownership (Advertised price represents 50% share. Full market value £315,000). This smartly-presented property forms the middle of a short, three-house terrace and is part of a recently-built Linden Homes development on the semi-rural outskirts of Waterlooville. Internal layout is conventional with a cloakroom and sleek kitchen at the front and, at the rear, a reception room that opens onto a south-east-facing garden with patio and lawn. Upstairs are two comfortable double bedrooms and a stylish bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. The house comes with parking for two cars and is conveniently located for access to the A3. The town centre can also be reached via local bus or by brief bike ride. Ofsted list four primary schools and a secondary school within a mile-radius, all rated 'Good' and the nearest primary just a few minutes walk away.

Additional Information 1

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.)

Additional Information 2

Housing Association: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 20/12/2019).
Minimum Share: 50% (£157,500).
Shared Ownership Rent: £434.81 per month (subject to annual review).
Service Charge: £37.31 per month (subject to annual review).
Guideline Minimum Income: Dual - £42,800 | Single - £49,000 (based on minimum share and 10% deposit).
Council Tax: Band B, Havant 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.

Additional Information 3

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.

Kitchen

10' 1" x 6' 0" (3.07m x 1.83m)

Reception Room

15' 7" max. X 12' 11" max. (4.75m x 3.94m)

Bedroom 1

13' 1" x 9' 11" (3.99m x 3.02m)

Bathroom

6' 7" x 6' 2" (2.01m x 1.88m)

Bedroom 2

13' 1" max. X 8' 10" max. (3.99m x 2.69m)