2 bedroom semi-detached bungalow for saleFreshwater Grove, Bucknall, Stoke-on-Trent
- 25% Shared Ownership
- Semi Detached Bungalow
- Two Bedrooms
- Cul De Sac Position
- Driveway & Garage
- No Upward Chain
Shared Ownership of 25% with standard assured rent £170.98 pm. Tucked away within a small cul de sac, ideally situated in a popular location close to local amenities and commuter links. TWO BEDROOMS. Pleasant gardens. Driveway and single garage. NO UPWARD CHAIN. Great opportunity not to be missed.
The Leasehold currently held by the seller is 25% shared ownership. There is an option to staircase and purchase more shared up to 100%( at which point the buyer will be transferred the freehold).
If it is bought as a shared ownership property (i.e. Buyer takes less than 100% of the leasehold) the buyer will be assessed and approved by an assessments team. No assessment is required if a buyer purchases the 100% and takes the freehold. However, a formal RICS valuation will need to be carried out by a valuer of Sanctuarys choosing to ascertain the staircasing premium payable for the shares.
Entrance Hallway - Radiator. Loft access. Airing cupboard.
Lounge - 4.60 x 3.03 (15'1" x 9'11") - Double glazed window to the front aspect. Radiator.
Kitchen - 3.13 x 2.30 (10'3" x 7'7") - Fitted kitchen with wall mounted units, worktops incorporating drawers and cupboards below. One and a half bowl single drainer sink unit, mixer tap. Part tiled splash backs. Four ring gas hob and built-in oven. Extractor fan. Double glazed window. Radiator.
Bedroom One - 3.79 to robe x 2.80 (12'5" to robe x 9'2") - Double glazed window to the rear aspect. Built-in wardrobes with mirrored doors. Radiator.
Bedroom Two - 2.57 x 2.06 (8'5" x 6'9") - Double glazed window. Radiator.
Bathroom - 2.01 x 1.69 (6'7" x 5'7") - Suite comprises, panelled bath, pedestal wash hand basin and low level WC. Part tiled walls. Radiator. Double glazed window.
Externally - Pleasant gardens mainly laid to lawn with maturing trees. Driveway providing off road parking with access to the single garage.
Agents Notes - Shared ownership of 25% which equals £27,500. There is a monthly is monthly charge £170.98. Any interested parties are aware that this information could be subject to change.
If it is bought as a shared ownership property (i.e. Buyer takes less than 100% of the leasehold) then we will require them to be assessed and approved by Sanctuarys assessments team. They will start this process once a buyer has been agreed with the seller and we receive a copy of the Memorandum of Sale. No assessment is required if a buyer purchases the 100% and takes the freehold. However, a formal RICS valuation will need to be carried out by a valuer of Sanctuarys choosing to ascertain the staircasing premium payable for the shares. Sanctuary will do this once notified of a buyer.
Each applicant is assessed on a case by case basis but the basic criteria is as follows:
-They must be registered with the local Help to Buy agent and approved as suitable for shared ownership
-The household income must be no more than £80,000 per annum
-After purchasing the shared ownership they must not hold savings of more than £5000 (although this is dependent on circumstances and can be flexible)
-They must not own another property when purchasing this one. It is acceptable if they are selling a property as part of the purchase.
-It should be evident that they are unable to afford to buy on the open market
As the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do not comment on the condition of the property or other issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain the possession of bjb.
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