2 bed flat for sale

Priory Walk, Great Cambourne CB23

Shared ownership with no rent (Advertised price represents the 75% share available. Share percentage is fixed. Theoretical full market value £195,000). This flat is on top (second) floor and features windows on both sides, providing both natural light and a pleasant flow of air in the hotter months. The smartly-presented has a good-sized reception/dining room and semi-open-plan kitchen. There is a main bedroom plus a second bedroom which, though smaller, could still be considered a double. A pair of built-in storage/utility cupboards have been provided in the entrance hallway and the well insulated walls and roof make for a good energy-efficiency rating. The flat comes with an allocated, off-street parking space plus an allocated section of the communal cycle store. Priory Walk is in the heart of Cambourne, very close to the High Street. Monkfield Park Primary School, which is just minutes away, is Ofsted-rated 'Good' and the local secondary (Cambourne Village College) is rated 'Outstanding'.

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 27/04/2001).
Share Available (fixed): 75% (£146,250).
Shared Ownership Rent: N/A.
Service Charge: £135.76 per month (subject to annual review).
Guideline Minimum Income: Dual - £27,600 | Single - £28,100 (based on minimum share and 15% deposit).
Council Tax: Band B, South Cambridgeshire 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 may be permitted but only with prior consent from Clarion (which 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.

Bedroom 1

10' 4" x 10' 1" (3.16m x 3.06m)

Reception Room

17' 0" x 10' 10" max. (5.17m x 3.31m)

Kitchen

8' 7" x 7' 11" (2.62m x 2.40m)

Bathroom

8' 7" x 4' 11" (2.62m x 1.50m)

Bedroom 2

8' 8" x 7' 9" (2.65m x 2.36m)