82 Merivale Way, Ely

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

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.

maximum share 100%
Council tax band B
Minimum income - £40,257
84 years remaining on lease
gas central heating
allocated parking space and garage

£140,000 for a 50% share

Open Market Value: £280,000

From £297 per calendar month

Service Charge: £12.41

Available on shared ownership 1

Brochure

82 Merivale Way, Ely

This 2 bedroom property is situated in a quiet location within close proximity to local schools, shops and market. The property is nearby to the train station and hospital and is currentyl empty with no onward chain.

Viewings

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: Sarah Stuart

Seller Contact Details: sarahstuart73@yahoo.co.uk

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, £40,257 which is based on the minimum deposit (£9500) 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

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