Gas central heating (Vaillant ecoTEC Sustain boiler)
uPVC double glazed sealed units throughout
25% shared equity
Wheelchair accessible
Gross internal floor area - 59.7 sq m/642 sq ft
Council Tax Band - A
Tenure - Leasehold
Secondary School Catchment Area - Tupton Hall School
Shared ownership is a great way to get on the property ladder, or to continue your journey as a home owner. It is a part-buy, part-rent scheme designed to help people who are not in a position to buy a home outright on the open market. Shared ownership allows you to buy a share of a home through cash or a mortgage and make rent repayments on the rest, with the opportunity to increase your share over time. You can progress to full ownership in most homes.
Buying a percentage means your deposit and mortgage repayments will be much smaller than usual. You should be able to put down at least 5-10% deposit on the share of the property you’re interested in, plus have money set aside for things like removals and legal fees. You can buy with a partner, friend or sibling but you don’t need to. Your household income will need to be under £80,000 a year and you must not be able to purchase a suitable property on the open market. You must also have no mortgage or ownership commitments with any other property whilst owning one of ours.
If you make an offer on this property, you will have to be approved by ACIS Housing who will assess your application and undertake financial affordability checks. With a 25% purchase, the rent that will need to be paid to ACIS Housing would be £362.66 per month.
If you want to buy more shares over time, you can. This is called ‘staircasing’. So, as you get more shares, you’ll pay less in rent as a result.
With two built-in cupboards, one of which houses the Vaillant ecoTEC Sustain boiler.
A dual aspect front facing bedroom.
A good sized front facing reception room.
A rear facing double bedroom.
Having a panelled bath with mixer shower over and glass shower screen, pedestal wash hand basin and low flush WC.
Part tiled walls.
Vinyl flooring.
Having a fitted range of beech effect wall and base units with a complimentary matching work surface and a one bowl stainless steel sink with mixer tap.
There is an integrated fridge freezer and washing machine, oven and four ring gas hob with extractor above.
Stainless steel splashback.
Tiled flooring.
A door to the rear gives access to..
To the front there are railings and a paved path leading to the front door.
To the rear, there is a small enclosed low maintenance garden with paved patio and artificial turf.
There is a shed and an allocated off street parking space.
There is also access to communal gardens.
The property is understood to be leasehold tenure, with 84 years unexpired term. We are not aware of any ground rents or service charges applicable beyond the rent charge on the 75% share noted above.
We believe the monthly rent to be £362.66 per month. These charges will be in addition to any mortgage costs on the purchased share.
