£105,000
3 bed semi-detached house for sale
Pavilion Way, Selly Oak, Birmingham B29Leasehold
3 beds
1 bath
1 reception
Key information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
Ground rent
Ground rent date of next review
About this property
Guideline Minimum Deposit £10,500
Guide Min Income Dual £36.2k Single £42.4k
Two Storey, Three Bedroom, Semi Detached House
Approx. 886 Sqft Gross Internal Area
Bathroom plus Downstairs Cloakroom
Very Good Energy-Efficiency Rating
Rear Garden
Two Parking Spaces
Shared ownership (Advertised price represents 35% share. Full market value £300,000). This attractive, semi-detached house forms part of a recently-constructed development and has a conventional, modern layout: A good-sized kitchen at the front, a central cloakroom and a reception/dining room which opens onto the split-level rear garden. On the first floor is a spacious main bedroom plus two further bedrooms and a stylish, naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating have resulted in a very good energy-efficiency rating. Ofsted list three primary schools and a secondary within a half-mile radius of Pavilion Way, all rated 'Good'. The house comes with parking for two cars and is also within easy reach of Selly Oak Railway Station and Selly Oak Shopping Park.
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 01/08/2016).
Minimum Share: 35% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £569.74 per month (subject to annual review).
Service Charge: £41.89 per month (subject to annual review).
Guideline Minimum Income: Dual - £36,200 Single - £42,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Birmingham 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.
Ground Floor
Entrance Hallway
Kitchen
9' 10" x 9' 0" (3.00m x 2.74m)
Cloakroom
Reception Room
16' 10" max. X 16' 10" max. (5.13m x 5.13m)
First Floor
Landing
Bedroom 1
15' 11" max. X 9' 8" max. (4.85m x 2.95m)
Bedroom 2
10' 0" x 9' 8" (3.05m x 2.95m)
Bedroom 3
10' 2" max. X 8' 8" max. (3.10m x 2.64m)
Bathroom
More information
Listed by
Urban Moves