Shared Ownership Property, Bredon Drive, Hereford

50% Shared Ownership Property | 3 Bedroom Home in Popular Residential Location | Near The City of Hereford | Downstairs WC | Private Parking & Garden

This attractive, modern, semi-detached property is quietly positioned in the popular Kings Acre residential area which lies approximately 1.5 miles west of Hereford. Close by is an excellent range of amenities including primary and secondary schooling, park, church, parade of shops, inns, post office and bus services. The property has easy access to Wyevale garden Centre and walks across open countryside towards Breinton and along the river.

In more detail the property comprises on the ground floor of a canopy Entrance Porch with a door to the Reception Hall having power point, telephone point and radiator. The Downstairs Cloakroom comprises a low flush WC, corner wash hand basin and radiator.

The well fitted Kitchen features a range of base and wall cupboards, work surfaces, four ring gas hob, electric oven, extractor hood, tiled splashbacks, radiator and power points.

The spacious Living Room has radiators, power points, television point, useful understairs storage cupboard, and a door to the rear gardens.

From the Reception Hall, stairs lead up to the First Floor Landing which has access via a fold away ladder to the roof space, power points, and an airing cupboard with insulated hot water cylinder and immersion heater.

Bedroom 1 has a radiator, power points, television point and telephone point. Bedrooms 2 and 3 have a radiator, television areal lead and power points.

The Bathroom features a panelled bath with mixer shower over and full tiled surround, wash hand basin, low flush WC, shaver point and radiator.

Outside, to the front of the property is a tarmac parking area with space for two vehicles, and to the side is a paved pathway that leads through a side gateway to the rear garden where there is a good size paved patio, lawn and garden shed. There is also a lean-to covered area to the side of the property and outside light.

Shared Ownership:
The property is sold at a 50% share with the remaining 50% owned/managed by Citizen Housing. There is a rental payment to Citizen Housing of £328.76 per calendar month plus an additional £65.52 service charge per month.
The lease length is 179 years from 2005.
There is an option to staircase the shared ownership to a maximum of 80% of the full ownership.

Any potential buyer would need to be approved by Citizen Housing via a financial advisor from CenseoFinance. Details of the application can be provided by the agent.

The following criteria applies:
Citizen is the Landlord and must be involved with the sale/purchase of this property.
The property cannot be sold above or below Market value.
The potential buyer MUST meet ONE of the following:
You have to be either a First Time Buyer, and the house hold income is £80,000 a year or less.
If you have previously owned a home but cannot afford to buy one now.
You are an existing shared owner and want to move.
You own a home and want to move but cannot afford a new home that meets your needs.
Forming a new household for example:
After a relationship breakdown.
NO INVESTORS.
For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy a home.