Simeon Close, Ely

Offered for sale on at 30% Shared ownership basis this 3 bedroom offers spacious accommodation and is presented to a good standard. Located on the edge of Ely on a mature development which once housed RAF and US Air force personnel and their families, the estate has been a familiar landmark with families in the city for more than 40 years. Accommodation comprises: Entrance Hall, Cloakroom/WC, Utility Room, Kitchen, Lounge/Dining Room, 3 Bedrooms, Four Piece Bathroom, Front and Rear Gardens and Allocated Parking. Purchase is subject to eligibility criteria.

Applications to purchase are to be submitted to ECCLT by close of business Tuesday 15/10/2024

Entrance Hall - With stairs to first floor, mat well, vinyl flooring.

Cloakroom - With low level WC, hand basin, vinyl flooring, radiator.

Utility Room - With plumbing for washing machine, space for tumble drier, work surface, vinyl flooring.

Kitchen - With 1 1/2 stainless steel sink unit and drainer, fitted with a range of matching units and complementary work surfaces including base units, wall mounted units and drawers, plumbing for dishwasher, space for American style fridge/freezer, fitted Bosch oven, hob and extractor hood, under stairs storage cupboard, vinyl flooring, radiator.

Lounge/Dining Room - With 2 fitted storage cupboards, 2 radiators, thermostat control for heating system, door leading through to rear garden, vinyl flooring.

First Floor Landing - With access to loft.

Bedroom 1 - With radiator, carpeted.

Bedroom 2 - With fitted wardrobe (railed and shelved), fitted storage cupboard, radiator, carpeted.

Bedroom 3 - With radiator, carpeted.

Bathroom - With suite comprising low level WC, pedestal hand basin, panelled bath with shower attachment, fitted shower cubicle with shower unit, heated towel rail, vinyl flooring.

Outside - To the front of the property there is an open plan garden area, with shrub borders. To the rear there is an enclosed garden which is patio with shrub borders, with timber built storage shed and gated access leading to the rear. There is also an integral outdoor cupboard housing the Valliant boiler supplying the gas fired central heating system and hot water tank.

Agents Notes - 1. The property is offered on a shared ownership basis. The share available is 30%. After 1 year of occupancy purchasers will be able to apply for 100% ownership

2. Purchasers will be subject to an eligibility criteria. Please see attached document.

3. Rent will be payable on the non-owned part of the property as follows:

30% share (£102,000) - £523.21 per month
There will be a charge of £198.29per annum to cover buildings insurance ( £16.52) per month
Total payable: £539.73 monthly payable.
Rent review period - 1st December annually

4. The 100% value of the property is £340,000.

5. The seller has requested all viewers be qualified for financial eligibility for a shared ownership mortgage and the ECCLT criteria by Mike Annells of AFH Wealth Management before a viewing can be confirmed and booked. Mike Annells can be contacted on or mike.

Estate And Service Charges - The estate roads and sewers are private and therefore all residents will contribute to their upkeep. The annual service charge is £472 P/A. Service charge review period - annually

Material Information - Tenure: Leasehold. 125 year lease - with 123 years remaining.
Council tax band - A
Property Type - Terrace House
Property Construction – Brick
Number & Types of Room – Please refer to the floorplan
Square Footage - Refer to floor plan
Parking – Allocated parking and visitors parking space.

Utilities / Services
Electric Supply - mains
Gas Supply - mains
Water Supply – mains
Sewerage - mains
Heating sources - Gas fired central heating.

Broadband Connected – Fibre to property.
Broadband Type – according to ofcom.org.uk standard and ultrafast broadband is available in the area. Maximum available download speeds are: standard 5 Mbps, ultrafast 220 Mbps.
Mobile Signal/Coverage – accordingly to Ofcom.org.uk 'voice' is indicated to be 'Likely' for 4 out of the 4 providers checked and 'data' is indicated to be 'Likely' for 4 out of the 4 providers checked

Flood risk - according to the Environment Agency website there is a low risk of flooding from surface water.

Viewing Arrangements - Strictly by appointment with the Agents.