Property description
£110,000 OR £55,000 FOR 50% SHARE PLUS £271.00 PER CALENDAR MONTH to include a monthly rent and also apportioned ground rent and service charge payments - a 2-bedroom first floor flat which was new in 2007, being set within a private cul-de-sac location on the fringe of Stourport town centre. Entrance hall, reception hall, living room, re-fitted kitchen, 2 bedrooms, bathroom, UPVC double glazed, marked allocated parking space, no upward chain. Energy Rating C
DESCRIPTION
This lovely 2-bedroom first floor flat is offered for sale at £110,000 for an outright leasehold purchase or at £55,000 on a 50% shared ownership basis with the remaining 50% resting within the ownership of Stonewater Housing Association being a Provider and Developer of Affordable Housing.In addition to the 50% purchase element, a current monthly charge of £271.00 (being a rent per month plus also including monthly additional apportioned ground rent and service charge payments) is payable to Stonewater Housing Association in order to reflect their continued 50% interest in the property. The rent and other charges are reviewed annually and the next review is set for April, 2017. In order to qualify for the opportunity to purchase this property there are certain minimum eligibility requirements and criteria to be taken in to account by Southern Housing. In order to qualify for the scheme, under the option to purchase a 50% share, applicants must register with the Local 'Help To Buy Agent' namely \"Orbit\" and meet both the rules of the scheme and Stonewater Housing Associations own Affordability Criteria. Please visit the following site to access the on-line application information - www.helptobuymidlands.co.uk In so far as to eligibility requirements, applications are assessed on a case by case basis, taking into account financial sustainability and then housing need. Generally speaking - an applicant must demonstrate that they are moving from rented accommodation or are a first time buyer prior to being accepted onto the scheme - Stonewater Housing Association will only accept a current homeowner in exceptional circumstances e.g. matrimonial breakdown - however we would suggest that any prospective purchaser should contact Stonewater Housing Association direct to discuss any such circumstances in the first instance. This ideal first purchase is only truly fully appreciated by personal inspection which is highly recommended.Anyone wanting to purchase this property on a shared ownership basis must be earning approximately £15,000 per year with access to a deposit of at least £2,250.
SECURE COMMUNAL ENTRANCE AND STAIRS
door opens to:
ENTRANCE HALL - 4' 8'' x 3' 6'' (1.41m x 1.07m)
with ceiling light point and door to:
RECEPTION HALL
with ceiling light point, electric night storage heater and built-in airing cupboard, doors to:
LIVING ROOM - 15' 6'' x 10' 11'' (4.73m x 3.33m)
with two ceiling light points, UPVC double glazed French doors to front elevation with Juliet balcony guard and open plan access to:
RE-FITTED KITCHEN - 7' 9'' x 6' 4'' (2.35m x 1.92m)
with four down-lighters, range of both wall and base mounted kitchen units with complementary roll top surface over, having inset circular stainless steel sink unit, 'Candy' combined cooker and dishwasher, plumbing and space for automatic washing machine, space for fridge/freezer.
BEDROOM ONE - 17' 3'' x 10' 8'' (5.26m x 3.26m)
[max measurements reducing to 2.42m/7'11\" min] with ceiling light point, UPVC double glazed French doors to front elevation with Juliet balcony guard.
BEDROOM TWO - 12' 1'' x 6' 9'' (3.68m x 2.07m)
[max measurements] with ceiling light point, electric panel heater and UPVC double glazed window to front elevation.
BATHROOM
with three down-lighters, extractor fan, low level flush wc, pedestal hand wash basin and bath with mixer shower over.
OUTSIDE:
MARKED ALLOCATED PARKING SPACE
TENURE
Leasehold - the property is held on an original 99 year lease from 1st April 2006. We have not verified details of tenure. The Solicitor acting for any purchaser should be asked to confirm full details.
SERVICES
Mains services connected to the property include water, electricity and mains drainage.