2 bed terraced house for sale

Ninehams Gardens, Caterham CR3

Shared ownership (Advertised price represents 40% share. Full market value £440,000). This smartly-presented property has a front reception room with bay window. There is a ground-floor cloakroom/WC and a spacious and attractive kitchen/dining room with tiled floor. A door leads out to the west/south-west-facing rear garden. On the first floor of the house are two generously-sized bedrooms and a stylish bathroom. The energy-efficiency rating is excellent, thanks to demanding insulation standards, high performance glazing, gas central heating and roof-mounted solar panels. Ninehams Gardens is very close to Coulsdon Common which, in 2019, was incorporated into the South London Downs National Nature Reserve along with several other sites in the surrounding area. The house comes with use of an allocated parking space plus the Whyteleafe, Whyteleafe South and Upper Warlingham railway stations can be reached by bus and/or bike.

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 01/02/2018).
Minimum Share: 40% (£176,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £645.97 per month (subject to annual review).
Service Charge: £34.86 per month (subject to annual review).
Guideline Minimum Income: Dual - £55,300 | Single - £63,600 (based on minimum share and 10% deposit).
Council Tax: Band D, Tandridge 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.

Reception Room

16' 7" into bay x 11' 1" max. (5.05m x 3.38m)

W.C.

5' 2" x 3' 7" (1.57m x 1.09m)

Kitchen / Dining Room

14' 6" max. X 12' 0" max. (4.42m x 3.66m)

Garden

Approximately 34' 4" x 15' 7" (10.46m x 4.75m)

Bedroom 1

14' 6" to rear of wardrobe x 11' 4" max. (4.42m x 3.45m)

Bathroom

7' 2" max. X 6' 7" max. (2.18m x 2.01m)

Bedroom 2

14' 6" x 10' 4" (4.42m x 3.15m)