Gestingthorpe Road, Belchamp Walter, Nr Sudbury. CO10 7AX

Quote Ref: DP0213 when requesting further details of this two bedroom shared ownership terraced home situated in a rural village in North Essex. This is an opportunity to purchase up to an 80% part ownership of this property to get you on the ladder. 

The property is entered via a front entrance door that leads into the hallway. The hallway is a surprisingly spacious with doors leading to the lounge, kitchen and downstairs wc. Stairs rise up to the first floor. The lounge sits at the front of the home with a fully glazed box bay recess letting in plenty of light. The kitchen/breakfast room is at the rear of the home and is fitted with a range of wall and base units with solid wood worksurfaces with an enamel single drainer sink with mixer tap. There is space and plumbing for the washing machine and dishwasher, space for a Rangemaster oven. There is a built in larder cupboard and a breakfast bar to the other end of the room, a glazed door leads out to the rear garden.

On the first floor there is a landing that has doors leading to the two double bedrooms, the front bedroom offers a built-in walk-in wardrobe and an airing cupboard, bedroom two overlooks the rear aspects of the home. The bathroom has a three-piece suite with a shower over the bath.

Outside:

To the front of the property is a shared driveway leading to the houses in this close which leads round to the rear parking area where there are two official allocated parking spaces with an extra space at the rear of the garden. The rear garden has a patio and lawned area with a mix of fencing to all sides, a path leading to the rear of the garden taking you passed the oil tank. 

Agent’s Note:

This property is offered on a shared ownership basis with a maximum purchase of 80%, and this must be clearly understood by all prospective purchasers. There are approximately 106 years remaining on the lease.

Applicants will need to demonstrate a local connection, with priority given to those living or working in, or having close family ties (parents, siblings or children) within Belchamp Walter, Belchamp Otten or Belchamp St Paul. Should this not be met, the criteria extends to the surrounding parishes of Gestingthorpe, Little Yeldham, Juxta Clare & Ovington, Bulmer, Borley and Pentlow, and thereafter to the wider Braintree District.

All buyers must meet the eligibility criteria for the shared ownership scheme, with full details available via the government website. We strongly advise applicants to familiarise themselves with these requirements prior to proceeding. Shared ownership with Hastoe Housing Association. 

The property has been valued at £270,000 under a RICS valuation, however the marketing price indicates a 40% share. Please note that all purchases are subject to an affordability assessment, and the final agreed price must be confirmed prior to this. Lenders will also carry out their own independent valuation. Any future staircasing will be based on the prevailing RICS valuation at that time.

The current monthly rent is £355.07, with a service charge of £77.85 per month (£53.20 service charge + £24.65 buildings insurance). The next rent review is scheduled for April 2027.

Services:

Mains Electricity. Mains Water. Oil fired heating. Mains Drainage. Braintree Council Tax Band B. There is Openreach and County Broadband Broadband Standard and Ultrafast broadband connections up to 1000mbps available at this property (according to Ofcom).