Opportunity to purchase 45% Shared Ownership of this particularly well presented, three bedroom semi detached house situated on this popular development off London Road. The property is immaculately presented and features gas fired central heating and uPVC double glazing. Early viewing is highly recommended to fully appreciate and avoid disappointment. It briefly comprises Lounge, WC, Kitchen/Dining Room room with French doors to the garden, Three Bedrooms and to complete the accommodation there is a Family Bathroom with shower over the bath. Outside are enclosed rear garden which is larger than average. A gate leads from the garden to the adjacent shared driveway providing ample off road parking. Agents Note - Lease granted on 18/11/2022 for a term of 990 Years. The new owner will be liable to pay a rent to Amplius for the remaining 55%. The current amount is £323.94 plus £7.26 for building insurance. A monthly service charge of £5.42 is also payable and management fee of £25.95. Rent and service charge payments are collected by monthly direct debit and are reviewed annually each April in line with the terms of the Lease. Further details about the Shared Ownership purchase process is available from the selling agents. Ministry of defence personnel will be prioritised for shared ownership. A £250 ( non refundable ) reservation deposit is required upon official acceptance of an applicant. If the property hasn't been sold within the first 8 weeks of marketing it can then be purchased as 100% freehold ownership basis at a price of £225,000.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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