SHARED OWNERSHIP
40% SHARE
CLOSE TO TOWN
4 BEDROOMS
REAR GARDEN
PARKING
MODERN
WELL PRESENTED
ADDITIONAL RENT PAYABLE
PLEASE READ THE FULL LISTING
EPC Rating B
Council Tax Band D
Leasehold
SHARED OWNERSHIP. FOR SALE - A 40% SHARE. Please review the full listing for all of the details.
A well-presented and versatile three/four bedroom modern townhouse, ideally located close to the town centre. This spacious home is arranged over three floors and benefits from flexible living accommodation, making it ideal for families, first-time buyers or those looking to upsize, with the added benefit of off-road parking for two vehicles and a rear garden.
Internally, the property comprises a welcoming hallway, ground floor bedroom, downstairs WC and a spacious kitchen/dining area with direct access to the rear garden. To the first floor is a bright and comfortable lounge, a further bedroom and a family bathroom. The second floor offers two additional bedrooms and a second bathroom, providing ample space for modern living. Externally, the property features a low-maintenance rear garden with patio, decorative stone and lawn area, all enclosed by wooden fencing with gated rear access.
Hallway
Wood-effect flooring, radiator, fuse box and a useful storage cupboard.
Ground Floor Bedroom
Wood-effect flooring, double glazed window and fitted shelving.
Downstairs WC
Comprising low-level WC, wash hand basin with tap, radiator and wood-effect flooring.
Kitchen/Dining Area
Fitted with a range of wall and base units providing ample cupboard space, one-and-a-half bowl sink with mixer tap, and wood-effect flooring throughout. Built-in oven and hob with extractor over and splashback. Space for further appliances. Generous dining area with double glazed window and door providing access to the rear garden.
First Floor Landing
Carpeted stairs and landing with radiator.
Lounge
Carpeted reception room with two fitted shelves, radiator and two double glazed windows overlooking the rear garden.
First Floor Bathroom
Fitted with a shower, low-level WC and wash hand basin with tap. Wood-effect flooring and heater.
First Floor Bedroom
Carpeted bedroom with radiator, two double glazed windows to the front aspect and fitted shelving.
Second Floor Landing
Carpeted stairs and landing with large storage cupboard and radiator.
Second Floor Bathroom
Fitted with a bath and tiled surround, low-level WC and wash hand basin with tap. Wood-effect flooring and heater.
Second Floor Bedroom
Carpeted bedroom with radiator, double glazed window overlooking the rear garden and fitted shelving.
Second Floor Bedroom
Carpeted bedroom with radiator, double glazed window to the front aspect and fitted shelving.
External
Rear Garden
Laid to patio and decorative stone with a lawn area, enclosed by wooden fencing and benefiting from gated rear access.
Parking
Off-road parking for two vehicles.
Shared Ownership Information
Price: £112,000 for a 40% share
Open Market Value: £280,000
Monthly Rent (remaining share): From £453 per calendar month
Service Charge: £38.34 per calendar month
Tenure: Available on shared ownership
Lease & Financial Information
Commencement Date: 1 September 2021
Review Date: 1 April 2023 and each successive 1 April during the term
Gross Rent: £7,493.75 per annum
Specified Rent: £4,496.25 per annum (60% of the gross rent)
Initial Percentage: 40% (share owned)
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, £40,988 which is based on the minimum deposit £8,100 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 we will 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.
| DISCLAIMER: | These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending purchasers shouldn't rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including heating and so cannot verify they are in working order or fit for their purpose. Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, any measurements that are used in this listing are approximate and usually at the maximum width or length of the room. Therefore if intending purchasers need accurate measurements for any reason then they should take such measurements themselves. Photographs are produced for general information and it must not be inferred that any items which happen to be in the photographs are included in the sale. | |||
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IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
