£174,000

A rare chance to buy a shared-ownership bungalow. The modern, detached property has a kitchen with south-west-facing bay window, a spacious, naturally-lit bathroom and a dual-aspect reception room. Double doors lead out to a good-sized rear garden with patio, lawn and timber shed. The garden can also be accessed via a side gate. The house has a large main bedroom plus a second bedroom with a bay window, to match the kitchen. Well insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The steeply-pitched roof makes for a sizeable loft space. To the side of the property is a car port with space for an additional car to park in front. Franklin Drive is only a short walk from the centre of Elsenham and the railway station can be reached on foot or via brief bus or bus ride. Bishop's Stortford town centre is approximately six miles to the south-west.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £435,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3bdjwsbc]

(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 01/01/2018). Freehold transferred on 100% ownership.
Minimum Share: 40% (£174,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £571.33 per month (subject to annual review).
Service Charge: £44.32 per month (subject to annual review).
Guideline Minimum Income: Dual - £52,300 | Single - £60,000 (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.