2 bed flat for sale

Headly House, 118A Holyhead Road, Coventry CV1

Shared ownership (Advertised price represents 50% share. Full market value £250,000). A well-presented flat featuring a twenty-one-foot, dual-aspect reception room with spacious, open-plan kitchen area. There is a main bedroom with en-suite shower room plus a second double bedroom, a good-sized bathroom and some useful, built-in storage in the entrance hallway. The energy-efficiency rating is good, thanks to modern insulation standards, double glazing and gas central heating. Headly House has a car park which includes a space allocated to this flat. The excellent amenities of Coventry city centre are within comfortable walking distance or just a short bus/bike ride away. Heading north-west along Holyhead Road leads to the A45 for easy access to Birmingham. Ofsted list three primary schools and a secondary school within a half-mile radius, all rated 'Good'.

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 (extension in progress, will be 125 years from completion of extension).
Minimum Share: 50% (£125,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £287.66 per month (subject to annual review).
Service Charge: £133.05 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,200 | Single - £39,500 (based on minimum share and 10% deposit).
Council Tax: Band B, Coventry 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. Pets may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).

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

21' 5" max. X 12' 3" max. (6.52m x 3.74m)

Kitchen

Included in reception measurement

Bedroom 1

11' 1" max. X 10' 11" max. (3.39m x 3.34m)

En-Suite Shower Room

6' 11" max. X 5' 8" max. (2.10m x 1.72m)

Bedroom 2

10' 11" x 7' 1" (3.34m x 2.17m)

Bathroom

7' 5" max. X 6' 1" max. (2.27m x 1.86m)