Heath Way, Heath Hayes, Cannock, WS11

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SHARED OWNERSHIP – 50% SHARE £62,500 | OPTION TO PURCHASE 100% – OIRO £125,000 | TWO BEDROOMS | GROUND-FLOOR APARTMENT | ALLOCATED PARKING | COMMUNAL GARDENS | IDEAL FIRST-TIME BUY!

Offering an excellent and increasingly accessible route onto the property ladder, this well-proportioned two-bedroom ground-floor apartment is available on a shared ownership basis, with a 50% share offered at £62,500. Importantly, there is also the opportunity for a purchaser to acquire the full 100% share, which is available at offers in the region of £125,000, making this a particularly flexible proposition for a range of prospective buyers!

The property represents a fantastic opportunity for first-time buyers who may otherwise find the initial costs of purchasing a home prohibitive. The shared ownership arrangement allows a purchaser to acquire a 50% interest in the property, with the remaining share currently held by Bromford Housing. Alternatively, for those in a position to do so, the availability of the full share provides the option of purchasing the property outright from the outset.

Occupying the ground floor of the development, the apartment itself offers a practical and surprisingly spacious layout. Entering through the main entrance, an entrance hallway provides access to the accommodation as well as useful internal storage.

The principal reception room is a well-proportioned living room, offering plenty of space for both seating and additional furniture and providing a comfortable main living area. The property also benefits from a separate kitchen, creating a practical division between the cooking and reception spaces.

There are two bedrooms, with the principal bedroom being an ample-sized double and providing plenty of room for the usual bedroom furnishings. The second bedroom is also notably more generous than the traditionally expected box room, making it a genuinely usable space. Depending upon a purchaser’s requirements, this could work particularly well as a second bedroom, guest room, nursery or home office.

Completing the internal accommodation is the family shower room, while the property’s ground-floor position further adds to its convenience and accessibility.

Externally, the development is surrounded by communal garden areas, providing established outdoor space without the individual maintenance associated with a private garden. To the frontage of the development are designated bin and storage areas together with allocated parking, adding further practicality to the property.

For purchasers considering the 50% shared ownership option, the remaining share is held by Bromford Housing, to whom the current rent payment is £266.96 per calendar month. There is additionally a service charge of £113.07 per calendar month, which includes the ground rent.

The property currently has approximately 78 years remaining on its lease. However, the current owner is actively pursuing an extension of the lease to 125 years, an important consideration for prospective purchasers and their mortgage lenders. Further information regarding the lease extension and its progress can be provided as part of the purchasing process.

The property is also conveniently positioned for access to a host of local amenities, schooling and transport connections, making it a practical base for everyday life as well as an affordable opportunity to establish a first step onto the property ladder.

Overall, this is a particularly appealing proposition for buyers seeking an alternative to purchasing entirely on the open market. With a 50% SHARE AVAILABLE AT £62,500, together with the OPTION TO PURCHASE 100% AT OFFERS IN THE REGION OF £125,000, the property offers genuine flexibility depending upon an individual purchaser’s circumstances. Combining two well-proportioned bedrooms, ground-floor accommodation, allocated parking and communal outside space, viewing is highly recommended to fully appreciate what is on offer!

Entrance Hallway

Long entrance hall leading to the reception room, both bedrooms, shower room and storage whilst featuring a ceiling light point and radiator.

Living Room

4.41m x 2.97m (14'6" x 9'9")

Spacious reception room with an open plan layout with the kitchen features a ceiling light point, radiator and two double glazed windows the rear.

Kitchen

3.59m x 1.84m (11'9" x 6'0")

Appointed kitchen with a range of wall and base storage units, part tiled walls to splash back, sink with drainer, gas hob with extractor fan, ceiling spotlighting and a double glazed window to the front.

Bedroom One

3.76m x 2.59m (12'4" x 8'6")

Double bedroom with a ceiling light point, radiator and a double glazed window to the side.

Bedroom Two

3.37m x 1.89m (11'1" x 6'2")

Single bedroom that could also be used as a home office space with a ceiling light, radiator and a double glazed window to the rear.

Shower Room

2.05m x 1.73m (6'9" x 5'8")

Part tiled shower room with a corner shower, hand basin, low level flush WC, ceiling spotlighting, radiator and an obscured glass window to the rear.

Externally

Externally, the development is surrounded by communal garden areas, providing established outdoor space without the individual maintenance associated with a private garden. To the frontage of the development are designated bin and storage areas together with allocated parking, adding further practicality to the property.

ID checks

Once an offer is accepted on a property marketed by Belvoir Estate Agents we are required to complete ID verification checks on all buyers and to apply ongoing monitoring until the transaction ends. Whilst this is the responsibility of Belvoir Estate Agents we may use the services of MoveButler/Kotini, to verify Clients' identity. This is not a credit check and therefore will have no effect on your credit history. You agree for us to complete these checks, and the cost of these checks is £36.00 inc. VAT per buyer. This is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.

Marketed by

This property is marketed by Belvoir Estate Agents in Cannock. Belvoir are a trusted, family-owned and operated Estate & Letting Agent based in Cannock Town Centre. Belvoir also have other nearby local offices located in Wednesfield in Wolverhampton, Wednesbury, Telford, Stafford, and on Bloxwich High Street in Walsall.

Belvoir are part of a larger franchised network, with over 150 Belvoir offices across the UK. Belvoir Cannock can provide you with a free market appraisal and guide you through what to expect on your journey of selling your property.

With the aim of being and staying the best Estate Agent in Cannock, we offer a different approach - including our Zero Day Contract tie-in, the ability to call us from 9AM to 9PM, 7 days a week, 365 days a year, and the reassurance of a traditional high street agent that embraces modern technology.