3 bed terraced house for sale

Hocking Road, Coventry CV2

Shared ownership (Advertised price represents 50% share. Full market value £235,000). A great chance to buy a three-bedroom, shared-ownership family home. This spacious, end-of-terrace property has gardens to front and rear. The entrance hall leads through to an open-plan (approximately twenty-five foot) reception/dining room with attractive wood panelling, a bay window at one end and patio doors at the other. The kitchen features sleek, handle-less units and is large enough to include a breakfast bar. Upstairs, on the first floor of the house, is a main bedroom, with bay window to match the reception, plus a similar-sized second bedroom, a smaller third bedroom and a naturally-lit bathroom with marble-style tiles and mosaic detailing. Hocking Road is in the Wyken suburb of the Coventry, very close to Caludon Castle Park, the sports centre and Caludon Castle (secondary) School, which is Ofsted-rated 'Good'. Wyken Croft Nature Reserve is only a brief bike ride away and the city centre can be easily reached via bus from nearby Ansty Road.

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 (will be returned to 99 years on completion of sale). Freehold transferred on 100% ownership.
Minimum Share: 50% (£117,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £223.64 per month (subject to annual review).
Service Charge: £26.68 per month (subject to annual review).
Guideline Minimum Income: Dual - £26,100 | Single - £29,700 (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.

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.

Living / Dining Room

24' 11" into bay x 10' 10" max. (7.60m x 3.30m)

Kitchen

18' 3" x 6' 2" (5.56m x 1.89m)

Bedroom 1

13' 5" into bay x 10' 2" max. (4.10m x 3.10m)

Bedroom 2

11' 7" x 10' 6" (3.52m x 3.21m)

Bedroom 3

8' 6" x 5' 11" (2.59m x 1.80m)

Bathroom

5' 10" x 5' 8" (1.78m x 1.72m)