Merivale Way, Ely

A well presented coach house style apartment situated within a popular development overlooking a green to the front and offered for sale on a 50% shared ownership basis. The owners inform us that the lease is currently being extended to 184 years. Accommodation comprises entrance hall with stairs leading to the first floor landing, 17'8" x 10'2" lounge/dining room, kitchen, 2 double bedrooms and bathroom, together with a garage with parking space in front. Benefits include gas central heating and upvc double glazing and this property is an ideal first time purchase. Viewing recommended.

Entrance Hall - With door to front aspect, stairs to first floor, radiator.

First Floor Landing - With access to loft, double glazed window to rear aspect, airing cupboard housing hot water cylinder, double and single storage cupboards, radiator.

Lounge - With 2 double glazed windows to front aspect providing an attractive view across the green, telephone point, television points, radiator. Archway to:

Kitchen - With double glazed window to rear aspect, fitted with a range of wall and base level storage units and drawers, together with work surfaces, stainless steel sink unit and drainer, built-in electric oven, gas hob and extractor hood, space for fridge/freezer, plumbing for washing machine and dishwasher, radiator.

Bedroom 1 - With double glazed window to front aspect giving an attractive view across the green, radiator.

Bedroom 2 - (L shaped). With double glazed window to front aspect giving an attractive view across the green, built-in cupboard, radiator.

Bathroom - With suite comprising low level WC, pedestal hand wash basin, panelled bath with shower above, double glazed window to rear aspect, radiator.

Outside - To the front of the property there is an open plan lawned garden. Pedestrian access leads around to the rear where there is a garage with metal up and over door and built-in storage cupboard, together with a parking space.

Shared Ownership - The property is offered for sale on a 50% shared ownership basis. The purchaser will need to be qualified by the Housing Association (Stonewater) to ensure they meet the necessary criteria.

The criteria includes:

• your household income is £80,000 a year or less
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Agent Notes - The vendor purchased the property on a 50% shared ownership basis with the Housing Association (Stonewater) retaining a 50% share.

The vendor has advised that all white goods, sofas and coffee table will be left.

Tenure - leasehold
Length of Lease - 184 years from 2024 (currently in the process of being extended)
Assured Rent - £273.89 per month
Service Charge – £12.94 per month
Service Charge Review Period - tbc
Annual Ground Rent - £198.00
Ground Rent Review Period - tbc
Council Tax Band - B
Property Type - coach house style apartment
Property Construction – standard construction
Number & Types of Room – Please refer to the floorplan
Square Footage - 713.5 according to the floor plan
Parking – garage and parking space

Utilities / Services
Electric Supply - mains
Gas Supply - mains
Water Supply – mains
Sewerage - mains
Heating sources - gas boiler and radiators
Broadband Connected – yes
Broadband Type – according to Ofcom.org.uk, standard, ultrafast and superfast are available to the property with superfast having a maximum download speed of 1000Mbps
Mobile Signal/Coverage – according to Ofcom.org.uk 'voice' is likely to be available for 4 out of 4 providers checked and 'data' is likely to be available for 3 out of 4 providers checked

Viewing - Strictly by appointment with the Agents.