Peartree Drive, Wombourne, WV5

Shared Ownership - Three Bedroom Detached Bungalow!

Located in a highly sought-after position within walking distance of village centre amenities, this beautifully presented three-bedroom detached bungalow approximately five years old presents a unique opportunity to purchase a bungalow for a really affordable price. Offered via the Shared Ownership scheme, offering a 50% share from £232,500 with a minimum 5% deposit of £11,625, the property provides modern, low-maintenance living with well-balanced accommodation throughout.

Entering into the hallway, there is useful built-in storage and access to the principal rooms. The living room is positioned to the front and is a bright and welcoming space. To the rear of the property is the kitchen breakfast room, which is fitted with a range of wall and base units. Integrated appliances include an oven with gas hob above, along with a one-and-a-half sink with drainer. There is ample space for dining as well as space for an American-style fridge freezer. Double doors open out from the kitchen onto the rear garden, creating a great connection between indoor and outdoor living.

The property offers three bedrooms, with the principal bedroom located to the front, while bedrooms two and three are positioned to the rear, all with plenty of space for storage. The family bathroom is fitted with a bath with shower over, WC and wash hand basin.

Externally, the property benefits from a large private driveway to the front providing access to the detached garage and main entrance, along with gated side access to the rear, the garage, measuring approximately 20 feet in length, provides excellent storage and can also be accessed from the garden. The rear garden is mainly laid to lawn with a patio area and enjoys a south-westerly aspect, creating a pleasant sun trap.

The property is Leasehold (50% shared ownership), Council Tax Band - D and EPC - B.

Buyers information:

The Shared Ownership scheme offers a great way to own your own home with a lower upfront cost. You buy a share of the property and pay a subsidised rent on the remaining share. Over time, you can increase your share until you own 100% of your home. This is a fantastic option for those who may struggle to afford a larger deposit or mortgage on a full market value property.

Full Market Value: £465,000
50% Share Price: £232,500

Service Charge: £112 per 6 months. Rent payable on un-owned share.

Buyers must have a minimum 5% deposit towards the share they are purchasing and must meet the buyers eligiblity criteria.

Please note that as a Shared Ownership purchase, additional legal fees may apply during the conveyancing process. Your solicitor will be able to advise you further.

Disclaimer

In line with UK anti-money laundering regulations, successful purchasers must complete an Anti-Money Laundering (AML) check. We use a specialist third-party service to verify your identity(IamProperty/Move Butler). The cost of these checks is £30 (including VAT) for each purchaser and any giftors contributing funds. This fee is paid in advance when an offer is agreed, and prior to the issuance of a sales memorandum. Please note that this charge is non-refundable.