Land for sale

PLEASANT RURAL SETTING & GOOD VIEWS. APPROX. 20 METRES (66FT) FRONTAGE & 36 METRES (118FT) DEPTH. HOLDS OUTLINE PERMISSION FOR AN AFFORDABLE DWELLING UNDER PROVISIONS OF SECTION 106 AGREEMENT SET BY CEREDIGION COUNTY COUNCIL. THE PURCHASE OF THE PLOT IS LIMITED TO THOSE WHO SATISFY THE MEANS CONDITION - (SEE OVERLEAF FOR DEFINITION) INTERESTED PARTIES CAN OBTAIN A COPY OF THE SECTION 106 AGREEMENT FROM CEREDIGION COUNTY COUNCIL & NEED TO SATISFY THEMSELVES & THE COUNCIL THAT THEY QUALIFY TO BUY.

Description

An excellent level plot enjoying 20 metres (66 FT) frontage to a Council maintained road and approximately 36 metres (118 FT) site depth.

Services

We believe that mains water, electricity and drainage are all available for connection close by but no estimates for the provision of these services have been obtained by the Vendors.

Planning Permission

Outline planning permission was granted subject to a SECTION 106 Agreement - dated 29th May 2008 - granting consent for an AFFORDABLE DWELLING.
Briefly, affordable dwelling means the plot can only be sold to someone who satisfies the means condition which states that any purchaser or joint purchaser of an affordable dwelling must be unable to purchase it without obtaining a mortgage and that the maximum amount that a claearing bank or building society incorporated under the Building Societies Act 1986 is prepared to lend to the purchaser or to the joint purchaser does not exceed one hundred and ten per cent of the purchase price of the affordable dwelling. IN THIS INSTANCE THIS MEANS THE VALUE OF THE COMPLETED DWELLING NOT THE PURCHASE PRICE OF THE PLOT.
Any interested party wishing to establish if they qualify to purchase this plot under the provisions of affordable housing should obtain a copy of the SECTION 106 Agreement from Ceredigion County Council which outlines the provisions in full and any interested party would need to satisfy Ceredigion County Council that they are a qualifying person.
AGENTS NOTE: THE ABOVE INFORMATION IS GIVEN IN GOOD FAITH BY THE AGENTS HAVING READ THE SECTION 106 AGREEMENT BUT WE STRESS OUR ADVICE TO CONSULT THE COUNCIL AND YOUR OWN LEGAL ADVISERS TO ENSURE YOU FULLY QUALIFY AS A PURCHASER, BEFORE YOU MAKE A COMMITMENT TO PURCHASE.

Agents Note

THE NOTES PROVIDED ABOVE RELATING TO THE SECTION 106 AGREEMENT AND OUTLINING SOME OF THE TERMS TO BE MET FOR ACCEPTANCE BY CEREDIGION COUNTY COUNCIL ARE GIVEN BY THE AGENTS FOR GUIDANCE PURPOSES ONLY. THEY ARE NOT THE FULL LIST OF REQUIREMENTS. THEY MUST NOT BE RELIED UPON BY ANY INTERESTED PARTIES WHO MUST CONSULT CEREDIGION COUNTY COUNCIL AND THEIR OWN LEGAL ADVISERS TO SEE IF THEY MEET ALL THE PROVISIONS OF THE SECTION 106 AGREEMENT BEFORE MAKING A COMMITMENT TO PURCHASE.

Agents Note

Stamp Duty is a tax which buyers have to pay when buying a property. The Stamp Duty threshold has now been raised from £125,000 to £175,000 and is intended to remain in place until 2nd Sept 2009. If the agreed selling price is less than £175,000 then no Stamp Duty is payable - in effect saving the buyers £1,750. If the purchase price is over £175,000 the Stamp Duty increases in bands - exact details are available from any Evans Bros office.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Any plans either included in or attached to these details are provided for identification purposes only.