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Lumley Close, Chester Le Street, County Durham, DH2
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- PROPERTY TYPE
Bungalow
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Good Size Modern Bungalow
- South Westerly Facing Back Garden
- Residents Parking
- Small Cul De Sac Development
- Close To Town Centre Amenities
- Johnnie Johnson Affordable Housing Scheme
- 50% Ownership With Additional Rent Payable
- Opportunity To Buy 75%
- Residents Must Be Aged 55 Years Or Over
- Further Details On Request
Description
The property is available with no onward chain and is offered at an affordable purchase price on a 50% ownership basis. Buyers may increase the ownership share to a maximum of 75%, with a corresponding decrease in the rent payable. The Johnnie Johnson shared ownership scheme ensures future maintenance of the development. A modest monthly service charge is payable.
Purchasers must be 55 years and over, and lease details are available upon request.
Lumley Close is a small cul-de-sac development conveniently situated within walking distance of the range of shops and facilities in Chester le Street town centre. Chester le Street is an excellent commuter base with good road and public transport links to Durham City, Gateshead, Newcastle upon Tyne, and Sunderland. Chester le Street station is situated on the main East Coast railway line.
Ownership: 50% ownership (25% Johnnie Johnson, 25% Government)
Tenure: Leasehold
Term: 99 years from 1st January 1991
Owners can buy an additional 25% to own a maximum of 75%; rent payable would decrease accordingly.
Service charges are payable monthly in advance on 1st day of each month. Reviewed annually at the end of each accounting year ending 31st March
Rent is payable on 75% of the full market value of the property minus the share owned, so, in this case
75%-50%=25%.
Rent is payable monthly in advance on 1st day of each month
Rent reviewed annually on 1st April in line with the Retail Price Index
Further details of rent, ownership, and lease are available upon request.
Agents Notes:
Tenure: Leasehold
Term: 99 years from 1st January 1991
Council Tax Band: B
Mains Services: Gas, Electricity, Water (vendor advises supply is metered), Sewage
Broadband: Superfast fibre broadband is available in the postcode. BT, Virgin Media, and Sky satellite/fibre TV are also available.
Mobile Coverage: Major networks provide mobile coverage.
Flood Risk: Rivers & Seas – Very Low; Surface Water – Medium
Brochures
Web DetailsTenure: 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.
£1345.8 per year
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.
£1581.84
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.
65 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
Lumley Close, Chester Le Street, County Durham, DH2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chester-le-Street Station0.2 miles
About the agent
JW Wood has been serving County Durham since 1910, as an independent firm of estate agents and surveyors. We offer comprehensive services on all property matterse to people who are looking for a home in an area covered by our six branches which are located at key locations throughout the North East.
We are committed to innovation, using modern technology, backed by professional, highly trained and motivated staff, to provide the very best service.
All new clients who instrut us wi
Industry affiliations
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference CLS240133. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by J W Wood, Chester Le Street. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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