A 70% share in a one bedroom semi-detached retirement bungalow, with an east facing rear garden, communal residents’ parking and a very popular cul-de-sac location to the east of Chester.
Located in a small close, this property is ideally located for various shopping facilities in the Vicars Cross suburb, as well as of course, the nearby Roman city of Chester.
The bungalow itself, has the distinct benefits of double glazed windows, a gas fired central heating system and connections to all mains services.
Prospective buyers should be aware that the purchase of this property is available only to those of 60 years and over, and to those buyers who meet certain affordability criteria set out by Muir Housing Group.
The sale of this property represents a 70% interest in the long leasehold title to the bungalow itself. The remaining 30% being owned by Muir Housing Group. The lease itself is 99 years in length and dates from 1st December 1990, and is subject to a nominal ground rent and a variable annual service charge to cover items of communal expense, insurance and maintenance, currently set at £76.84 per calendar month payable to Muir Housing Group.
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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