We are pleased to bring to the market this 2 bedroom Semi-Detached House Shared Ownership. It is situated in Coventry, West Midlands and is available now.

1 Earnlege Way, New Arley

An excellent first time buyer opportunity.

41% Shared Ownership Semi-Detached property within the semi rural area of New Arley. To the side of the property there are two parking spaces including access to the rear garden. To the ground floor accommodation you have a lounge, kitchen, downstairs w/c and under stair cupboard. To the first floor there are two good sized double bedrooms with a family bathroom. The property also benefits from gas central heating and double glazed windows and doors throughout.

Kitchen 9’6″ x 6’11” (2.9m x 2.1m)

Double glazed uPVC window facing the front. Radiator, vinyl flooring, Built-in fitted wall and base units, sink with drainer, integrated oven, integrated hob, overhead extractor, space for appliances.

Lounge 9’6″ x 13’5″ (2.9m x 4.1m)

UPVC patio double glazed door, opening onto patio. Double glazed uPVC window facing the rear overlooking the garden. Radiator, carpeted flooring.

Master Bedroom 9’2″ x 13’5″ (2.8m x 4.1m)

Double bedroom; double glazed uPVC windows facing the rear overlooking the garden. Radiator, laminate flooring, a built-in wardrobe.

Bedroom 2 6’7″ x 13’5″ (2m x 4.1m)

Double bedroom; double glazed uPVC windows facing the front. Radiator, laminated flooring, storage cupboard.

Bathroom 6’2″ x 6’3″ (1.9m x 1.95m)

Double glazed uPVC window facing the side. Radiator, tiled flooring, Standard WC, panelled bath with mixer tap and shower, extractor fan.

External

Externally the property benefits from off road parking for two vehicles and private enclosed rear garden with gated pedestrian side access. Security light. Garden Shed. Easy to maintain lawn.

Viewings
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Richard

Seller Contact Details: richard_goalby@live.co.uk 07730470697

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household – for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £24,671 which is based on the minimum deposit £3,895 plus £2,500 moving and legal fees for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.