Stowmarket Middle School, Stowmarket

SUMMARY
* SHARED OWNERSHIP * The property has a lounge, kitchen, two double bedrooms, bathroom and ground floor WC and off road parking for two cars.


DESCRIPTION
Mid Suffolk and Babergh District Council are working together to share a vision that residents should have somewhere affordable to live and call home. Plot 7 is one of the brand new 14 properties being currently offered for sale in Stowmarket. Eligibility criteria applies, please see Agents Notes for further details.

Stowmarket is small market town nestled in perfectly central location in Suffolk, moments away from the A14 as well as having its own train line direct to Norwich, Cambridge and London Liverpool Street. Stowmarket provides a range of leisure and retail facilities as well as local entertainment provided by the John Peele art centre, the Regal Cinema and numerous Public Houses. There are also plenty of sports clubs including Rugby, Football, Cricket and Bowls. For education, Stowmarket covers all key stages of learning from nurseries and primary schools, to Stowmarket High School and nearby Stowupland High School.

Accommodation 

Entrance Hall 
inset door mat, carpet, radiator, stairs to first floor

Cloakroom 
double glazed window to side aspect, low level WC, sink, laminate flooring, extractor fan, radiator

Lounge 15' 10" x 10' 4" ( 4.83m x 3.15m )
double glazed window and french doors to the rear aspect, carpet, radiator, TV point

Kitchen 16' 3" x 8' 6" ( 4.95m x 2.59m )
double glazed window to the front aspect, eye and base level storage cupboard with worktops over, one and a half unit sink, oven and hob, extractor hood and fan, space for fridge freezer and washing machine, laminate flooring, radiator, gas boiler

Landing 
double glazed window to side aspect, carpet, storage cupboard, radiator, loft hatch

Bedroom One 12' 4" x 12' 1" ( 3.76m x 3.68m )
two double glazed window to the front aspect, storage cupboard, carpet, radiator, TV point

Bedroom Two 14' 7" x 8' 6" ( 4.45m x 2.59m )
double glazed window to the rear aspect, carpet, radiator, TV point

Bathroom 
double glazed window to the rear aspect, fully tiled bath with shower over, glass shower screen, sink, low level WC, laminate flooring, extractor fan, radiator

Rear Garden 
patio area with outdoor tap, laid to lawn and shed

Agents Note 
Please note; the market price shown of £70,000 is at 25% share. This property can be purchased at a minimum share of 25% and a maximum of 75%.

Purchasers can staircase to 100% ownership at a later date (total open market value being £280,000). Rent will be payable on the remaining share.

A reservation fee of £500 will be taken at point of acceptance and deducted from the final amount. Should you decide to withdraw after acceptance, costs may be deducted from this payment.

125 year lease.

ALL APPLICATIONS WILL NEED TO PRODUCE IDENTIFICATION AND BE FINANCIALLY QUALIFIED PRIOR TO ACCEPTANCE.

Costs 
Insurance charge per property for 2024 - £178.18 (reviewed annually)
Estate management service charge per property is £24.44 per month
Rent at 25% share = £481.00 per month

Eligibility 
Local Connection Criteria
Buyers must have had their only or principal home in the District of Mid Suffolk for a continuous period of not less than 2 years. In the event that insufficient individuals qualify then the choice of person will be determined from alternative criteria. Please contact William H Brown for further details.


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.