1 bed flat for sale

Escomb Court, Godstone Road, Whyteleafe CR3

Shared ownership with no rent (Advertised price represents 75% share. Full market value £200,000). A very smartly-presented, first-floor flat in the Well Farm Heights development. The property has been extensively redecorated by the current owner and has a twenty-foot reception room with Juliette balcony and attractive, open-plan kitchen area. The generously-sized bedroom includes a bank of built-in wardrobes and the bathroom and entrance hallway are both quite spacious. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of an allocated parking space plus Escomb Court is also just minutes from Whyteleafe South Station for rail services between Caterham and London Bridge. Nearby Manor Park offers green, open space to enjoy.

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: A2Dominion.
Tenure: Leasehold (approximately 97 years remaining).
Share Available: 75% (£150,000).
Shared Ownership Rent: N/A. No shared ownership rent charged on this property.
Service Charge: £167.24 per month (subject to annual review).
Guideline Minimum Income: Dual - £30,000 | Single - £35,100 (based on minimum share and 10% deposit).
Council Tax: Band C, 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. 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.

Reception

20' 1" x 11' 4" (6.12m x 3.45m)

Kitchen

Included in reception measurement

Bedroom

15' 5" x 8' 7" (4.70m x 2.62m)

Bathroom

8' 6" x 5' 8" max. (2.59m x 1.73m)