Black Oak Drive, Stowupland

Discover this modern and well-presented two-bedroom home in Black Oak Drive, Stowupland, offered through Shared Ownership. This property provides an excellent opportunity to own a spacious home with an allocated parking space and a private garden, perfect for those seeking comfortable living with convenient access to local amenities.

This home offers bright and airy living spaces. The gas central heating system ensures a warm and welcoming atmosphere throughout the year. The property is equipped with mains electric and water supply, and benefits from FTTP broadband, catering to all contemporary needs.

The ground floor features a welcoming reception room, offering ample space for both relaxation and entertaining. The well-appointed kitchen is designed for practicality and ease of use, with modern fittings and sufficient storage. Upstairs, you will find two comfortable bedrooms and a stylish bathroom, providing peaceful retreats.

Outside, the property benefits from a private garden, ideal for outdoor enjoyment, and allocated parking adds to the convenience. Its location in Stowupland offers easy access to local facilities and transport links.

Agents Notes: The price advertised represents purchasing a 50% share of the home. With a monthly charge of £375.19 rent on the housing association's share of 50%.

Monthly Rent Cost Breakdown 

£1 - Audit fee

£15.88 - Buildings Insurance

£17.92 - Management Fee

£22.89 - Managing Agent Fee

£1.60   - Admin Fee

£315.90 - Shared Ownership Rent on remaining 50% of property

The Shared Ownership scheme is run by Sage Homes 

A purchaser for this home will need to meet the Shared Ownership eligibility criteria set out by GOV.UK. In summary, applicants must have a household income of £80,000 or less (£90,000 or less in London) and be unable to purchase a suitable home on the open market. They must also meet one of the following conditions: first time buyer, former homeowner unable to buy again, forming a new household, existing shared owner moving home, or a current homeowner unable to afford a suitable replacement property.

If the buyer currently owns a property, we require confirmation that it is sold subject to contract (STC) along with a memorandum of sale. Their sale must complete on or before completion of the Shared Ownership purchase. Some homes may also require evidence of a local connection.

The buyer may purchase up to 100% of the property (including the freehold if applicable). If purchasing 100%, the sale price may exceed the RICS valuation. If remaining under Shared Ownership, the price must be set at the RICS valuation.