1 bedroom flat for sale

£96,000 Shared ownership

Gibson Road, Bishop's Stortford CM23

1 bedroom flat for sale 1 1
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Property description

All homes are currently under offer


Eligibility

Applicants need to live and/or work in the East Hertfordshire District local authority area or have a strong local connection to this District.

What is Shared Ownership?

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under most Shared Ownership schemes, you buy a share of between 25% and 75% of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.

You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

Am I eligible?

There are certain conditions to be eligible for a Shared Ownership property:

• Your annual household income must be no more than £80,000 (for London boroughs this is £90,000).

• You must be unable to purchase a home suitable for your needs without assistance.

• In many cases, you must be able to demonstrate a connection to the local area of the development.

• You must not have any outstanding credit issues (i.e. Unsatisfied defaults or county court judgements).

• You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.

• In line with government priorities, priority for shared ownership homes is awarded to serving military personnel and former members of the British Armed forces honourably discharged in the last two years.

If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property.

Description
Last Remaining - homely one bedroom apartments with parking

Hazel Bourne is located near Bishop’s Stortford on the edge of the beautiful Hertfordshire countryside, close to the M11 and within easy reach of Stansted Airport. These contemporary, spacious apartments are ideal for first-time buyers, young professionals and small families.

Property info

Floorplan(s): Floorplan 1

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Nearby transport

  • Bishops Stortford (1.4 miles)
  • Stansted Mountfitchet (1.7 miles)
  • Elsenham (Essex) (3.5 miles)
  • London Stansted Airport (2.9 miles)
  • London Luton Airport (22.9 miles)
  • London City Airport (26.8 miles)
  • East India Pier (27.2 miles)
  • Woolwich Ferry North Pier (27.2 miles)
  • Woolwich Arsenal Pier (27.4 miles)

Nearby schools

View all schools in Uttlesford
  • All Saints Church of England Primary School and Nursery, Bishop's Stortford (0.9 miles)
  • Summercroft Primary School (1.0 mile)
  • Northgate Primary School (1.0 mile)
  • Birchwood High School (1.0 mile)
  • Hockerill Anglo-European College (1.1 miles)
  • St Mary's Catholic School (1.2 miles)
  • Bishop's Stortford College (1.3 miles)
  • The Christian School (Takeley) (4.2 miles)
  • St Elizabeth's School (SEN) (5.1 miles)
Note: Distances are straight line measurements
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For more information about this property, please contact
Clarion Housing - Hazel Bourne, CM23 on +44 1279 956891 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Clarion Housing - Hazel Bourne, and do not constitute property particulars. Please contact Clarion Housing - Hazel Bourne for full details and further information. The Running Costs data displayed on this page are provided by SmartNewHomes to give an indication of potential running costs based on various data sources. SmartNewHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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