Bluebell Road, Walton Cardiff, Tewkesbury
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 3 bed semi detached house
- Rear garden with shed
- Driveway Parking for 2 cars
- Gas Central Heating
- WC
- 40% Shared Ownership
Description
The accommodation comprises of entrance hall, WC, kitchen, lounge with door through to the rear garden with shed and rear access. On the first floor there are three bedrooms, bathroom with shower over bath and storage cupboards.
This property also benefits from gas central heating, double glazing, enclosed rear garden, driveway parking for 2 cars.
Shared Ownership Costs - LOCAL CONNECTION TO TEWKESBURY
Shared ownership is a part buy part rent property from Two Rivers Housing.
You purchase a share with the help of a mortgage based on affordability and the minimum share being sold.
Open Market Value: £305,000
40% Shared Ownership: £122,000
Rent: £432.55pcm
Service charge & Insurance: £5.21pcm
These costs will increase each year with inflation in April
Ground Floor -
Entrance Hall - 4.0 x 2.0 (13'1" x 6'6") - Doors leading to kitchen, WC and lounge. Stairs to first floor.
Kitchen - 3.0 x 2.6 (9'10" x 8'6") - Fitted kitchen with range of wall and base units, stainless steel sink with mixer tap, space for washing machine and fridge/freezer. Electric oven with gas hob with hood over. Window to front elevation.
Lounge - 4.7 x 4.4 (15'5" x 14'5") - Storage cupboard. Window & door to rear garden
Wc - 1.8 x 0.9 (5'10" x 2'11") - White wash hand basin and low level WC
First Floor - Landing with doors leading to 3 bedrooms and bathroom. Loft space access.
Bedroom 1 - 4.5 x 2.2 (14'9" x 7'2") - Window to rear elevation
Bathroom - 2.7 x 1.9 (8'10" x 6'2") - White bathroom suite with shower over bath, low level WC and wash hand basin. Window to rear elevation
Bedroom 2 - 4.0 x 2.6 (13'1" x 8'6") - Window to front elevation
Bedroom 3 - 2.4 x 3.2 (7'10" x 10'5") - Window to front elevation and storage cupboard
External - Front and rear gardens with rear access and shed in situ. Driveway parking for 2 cars.
How Does Shared Ownership Work? - If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest of 990 years where the scheme allows. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
Eligibility Criteria - To be eligible for Shared Ownership you need to:
- be a first-time buyer, an existing shared ownership homeowner, or a former homeowner who can’t afford to buy now
- be over 18 years old
- have an annual household income of less than £80,000 (£90,000 in London).
If you wish to buy one of these properties we need to assess your eligibility for shared ownership. For this we need to see:
•Proof of ID
•Proof of address
•Mortgage in principle
•Proof of deposit
•Help to buy reference number (if you have one)
•Full details for each buyer
You will also be required to complete an application form and an affordability calculation.
Brochures
Bluebell Road, Walton Cardiff, TewkesburyBrochureShared Ownership
SHARED OWNERSHIP
40%
RENT
£432.55 (for payment frequency, ask the agent)
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
Ask agent
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
Ask agent
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
120 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Bluebell Road, Walton Cardiff, Tewkesbury
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ashchurch for Tewkesbury Station2.0 miles
About the agent
TwoCan starts from a position of strong values and ethical working practices.
We are firmly committed to achieving results for our customers but, as an agency which is wholly owned by a housing charity, we also believe in working with honesty, integrity and transparency, and doing things in the right way.
Our agents have many years? experience of working in sales and lettings, with particular expertise in Shared Ownership ? guiding potential purchasers through the process to achie
Notes
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