2 bed semi-detached house for sale

Old Mill Cottages, Keers Green, Dunmow CM6

Shared ownership (Advertised price represents 60% share. Full market value £425,000). Over 1300sqft house in a private and scenic setting, away from large scale cookie-cutter estates. A great chance to buy a generously-sized, two-bedroom, shared-ownership home. The modern, semi-detached property has a spacious kitchen at the front, a central WC/utility room and the reception room at the rear. Double doors lead through to a conservatory which, in turn, provides access to the well-maintained, south-east-facing garden. On the first floor of the house are two full-width double bedrooms and a naturally-lit bathroom large enough to include a separate shower cubicle. Well insulated walls and roof plus modern double glazing help keep energy costs down and the heating and hot water is supplied by a new lpg boiler with 5 years warranty. In addition, the property benefits from a water softener, a boarded loft, new fencing in the garden and new carpets upstairs. The property comes with a car port plus one dedicated parking space in front although the shared driveway space is extensive. Rodings Primary School, which is Ofsted-rated 'Good', is within comfortable walking distance and there is also a Montessori Nursery nearby. Chelmsford is approximately ten miles to the south-east and Bishop's Stortford a similar distance to the north-west. Stansted Airport and junction 8 of the M11 are both a twenty minute drive away (Google Maps estimate) if travelling further afield.

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 01/04/2016). Freehold transferred on 100% ownership.
Minimum Share: 60% (£255,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £462.50 per month (subject to annual review).
Service Charge: £77.63 per month (subject to annual review).
Guideline Minimum Income: Dual - £65,200 | Single - £75,200 (based on minimum share and 10% deposit).
Council Tax: Band D, Uttlesford 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.

Kitchen

11' 10" x 10' 0" (3.61m x 3.05m)

Sitting / Dining Room

17' 8" max. X 15' 0" max. (5.39m x 4.57m)

Conservatory

17' 6" x 10' 1" (5.33m x 3.07m)

Bedroom 1

17' 5" max. X 13' 5" max. (5.31m x 4.08m)

Bathroom

9' 11" x 7' 9" (3.03m x 2.37m)

Bedroom 2

17' 6" max. X 11' 0" max. (5.33m x 3.35m)