Ocean Park Road, Sunderland, Tyne and Wear, SR6

Well presented three bedroom end terraced home situated on Ocean Park Road in the popular Seaburn area. Offering well proportioned living accommodation, a convenient downstairs WC, enclosed rear garden and off street parking, this property is sure to appeal to a wide range of buyers.

The property briefly comprises an entrance hallway providing access to a convenient downstairs WC and the open plan living area. The living area incorporates a fitted kitchen with a range of wall and base units, providing practical storage and workspace. Patio doors open directly onto the rear garden, allowing plenty of natural light into the living space and providing easy access to the outside.

To the first floor are three bedrooms and a family bathroom, offering comfortable accommodation for families, first time buyers and those looking to downsize.

Externally, the property benefits from an enclosed rear garden which is laid to lawn, providing an ideal space for outdoor relaxation. To the front is a lawned garden, while off street parking is available via the driveway situated to the side of the property.

Agent Note
We understand the property is currently held under a shared ownership scheme with Karbon Homes, with the current owner owning a 35% share. The 35% share is available to purchase for £94,500, with a current rent of £527.14 per calendar month payable on the remaining share.

Alternatively, buyers may have the option to purchase 100% ownership of the property, subject to the relevant terms and conditions. No rent would be payable upon purchasing the full 100% ownership.

We understand the property is believed to be freehold, although this should be confirmed by the buyer's solicitor as part of the conveyancing process. Buyers are advised to make their own enquiries with Karbon Homes regarding the shared ownership scheme, eligibility criteria and the process for purchasing the full 100% share.

Shared Ownership criteria for buyers.

To qualify for Shared Ownership, applicants must meet specific eligibility criteria, including age, income and financial standing. The key criteria are as follows:

• Age: Applicants must be 18 years old or over.
• First-time buyer or non-homeowner: Applicants must not own another home. If they do own a property, they must have an offer before we can allow a full instruction.
• Income threshold: Annual household income must not exceed £80,000, or £90,000 in London.
• Unable to purchase outright: Applicants must be unable to afford to buy a home suitable for their housing needs on the open market. Some flexibility is considered on some schemes i.e. over 55 schemes and more affluent areas where property prices are higher.
• Payment history: Applicants must demonstrate that they are not in mortgage or rent arrears.
• Financial standing: Applicants must have a good credit history, with no significant adverse credit, bad debts or county court judgments, and must be able to afford the regular payments and costs involved in buying the home.

Further criteria for Homeowners:

To qualify, applicants must be purchasing the property as their only home. Unless they are buying a 100% share, they cannot proceed unless they have accepted an offer on their current property.

Under the terms of the lease, the purchaser must not be buying the property in order to sublet it. This also applies where, for example, parents wish to purchase the property on behalf of their son or daughter, although a cash financial gift is allowed in order to pay for the property , the property must be registered and bought in the name of the person intending to live at the property.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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