Property description
Delightful grouond floor two double bedroom flat located in the popular residential area of Warleigh Village in the Southway/Roborough area of Plymouth which has easy access to both the city and the moors! The property is offered to the market as either a 50% shared ownership property or as a 100% standard full purchase making it either a great investment or first time buy. Offering impressive size accomodation comprising open plan living space with modern fitted kitchen and windows to the front, two double bedrooms and a large bathroom. The property also boasts comunal gardens, uPVC double glazing and gas central heating and a great spot within the developement. Allocated parking just outside the window and a modern design and decoration make this a worth whilse property for any home hunter.
Open Plan Living Space - 20'1" (6.12m) x 12'9" (3.89m)Bedroom One - 16'3" (4.95m) Max x 13'7" (4.14m) MaxBedroom Two - 11'1" (3.38m) x 9'6" (2.9m)Shared OwnershipAgents Notes on Shared Ownership
This property at £55,000 represents the 50% share in the property you can purchase, for which you will fund via your mortgage for example, and the other 50% is owned by Spectrum Housing who will charge an additional rent of £123.61 per month. You can on the outset, or during your ownership, purchase a larger share of the property all the way up to 100% (Stair casing Ownership) so you own it out right. The scheme is designed to assist people to get onto the market who cannot raise a mortgage for the full price of a property like this, and therefore have the chance to purchase it, but only need to raise 50% of the price on a mortgage and they can then rent the other 50% until such time as they can purchase more. More details of this scheme are available via our office. There is also an annual maintenance charge for the up keep of the communal areas on the Warleigh Village Site which is currently payable at £62.15 per month. The shared ownership scheme is NOT available to second home, or buy to let investors, such buyers will need to purchase the property at 100%.
As you can see however, at £110,000 a buyer can purchase 100% of the property outright, just as with any other property.
NoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property Features :
- 50% or 100% purchase opportunity
- Two Double Bedrooms
- Open Plan living Space
- uPVC Double Glazing and Gas Central Heating
- Allocated Parking
- NHBC Gaurantee as only built in 2011