House For Sale £136,250
* 100% Ownership at 50% of Open Market Value *
This freehold semi-detached house is a 'Discounted Market Sale Unit' that is covenanted to be sold at no more than 50% of the 'Open Market Value' to a buyer with a 'Local Connection' to Malvern Hills District Council area. Construction has been completed under an Architect's Certificate. The house offers larger than average accommodation of approximately 810sqft: hall with toilet off; living room; fitted kitchen; two double bedrooms; en suite shower room; and a bathroom.
A canopy porch with wall light point and a double glazed side door opening to the RECEPTION HALL having doors to kitchen and living room, ceiling light point and a door to:
Cloakroom - Having a white low flush w/c and wash hand basin with tiled splash back, radiator, extractor fan and ceiling light point.
Fitted Kitchen - 3.96m x 2.26m < 2.77m (13'0" x 7'5" < 9'1") - (Measurements include units) having a range of base and wall units with worktop surfaces, single bowl/single drainer sink, recess for washing machine and built-in electric oven and gas hob with cookerhood over. A double glazed window to front, radiator, ceiling light point and a wall mounted 'Worcester' gas-fired combination boiler.
Living Room - 5.69m x 3.96m (18'8" x 13'0") - (Measurements include stairs & recess) having a double glazed window to side, twin double glazed French doors opening to the rear garden, radiator, stairs to the first floor, ceiling light point and a built-in store cupboard with a ceiling light point.
From the living room, the stairs with balustrade lead up to the FIRST FLOOR LANDING having an access hatch to the loft, built-in airing cupboard and ceiling light point.
Bedroom One - 3.96m x 3.07m < 4.01m (13'0" x 10'1" < 13'2") - (Measurements include recess) having a double glazed window to front, radiator, ceiling light point and door to:
En Suite Shower Room - 1.85m x 1.35m (6'1" x 4'5") - (Max measurements including suite) having a white suite comprising: a low flush w/c; pedestal wash hand basin; and a shower cubicle. Obscure double glazed window to side, radiator, extractor fan and ceiling light point.
Bedroom Two - 3.07m x 2.90m (10'1" x 9'6") - (Measurements exclude cupboard) having a walk-in cupboard built-in over the stairwell, double glazed window to rear, radiator and ceiling light point.
Family Bathroom - 1.85m x 1.70m (6'1" x 5'7") - (Measurements include suite) having a white suite comprising: a low flush w/c; pedestal wash hand basin; and a panelled bath. Obscure double glazed window to side, radiator, extractor fan and a ceiling light point.
Outside -
Parking - The property benefits from spaces for two cars side-by-side at the rear with a gate into the rear garden.
Gardens - The house stands back behind a lawn behind a post and rail fence and is approached via a gate over a paved path. The path continues along the side of the house, where there is also a lawned area, to the rear where the property benefits from a private rear garden compromising: a paved patio to rear of the house, beyond which is a lawn with a paved path to the gate at the rear opening to the parking beyond.
General Information -
Tenure - The vendor advises us that the property is FREEHOLD. Allan Morris & Peace Limited would stress that they have not checked the legal documentation to verify the status of the property and would advise the buyer to obtain verification from their solicitor.
Council Tax Band: To Be Confirmed - (Malvern Hills District Council)
Epc Rating: To Be Confirmed - (Energy Performance Certificate)
Discounted Market Sale Unit - Planning permission was granted for this property with a clause in the section 106 agreement that the property always has to be sold at a "Discounted Price". Under the s.106 agreement, "Discounted Price" is defined as: "50% of the Open Market Value of the Discounted Market Sale Unit (or such other lower figure as otherwise may be agreed in writing between the parties)". The criteria also states that the property should be sold to a person with a "Local Connection" to Malvern Hills District Council.
General Criteria & Qualifying Resident - General Criteria
Prospective purchasers should be 18 years or older
A combined annual income (if purchasing in joint names, then this refers to all purchasers) cannot exceed £80,000 in the tax year immediately preceding the year of purchase
Evidence that that they could not purchase the property at open market value.
Under the s.106 Agreement, "Qualifying Resident" is defined as:
"Qualifying Resident" shall mean in the case of a Discounted Market Sale Unit a person who is approved by the District Council as being in need of Affordable Housing and unable to afford the Discounted Market Sale Unit at Open Market Value and who:
(a) has lived in the District by choice for a certain time (for six months out of the last twelve months or for three years out of the last five years); or
(b) has close family living in the District, who have been permanently resident for at least the previous five years (close family is specifically mother, father, brother, sister, adult son or adult daughter); or
(c) has permanent paid employment in the District; or
(d) has a local connection to the District as a result of special circumstances (subject to the approval by the Head of Social Services).
Provided that if no persons qualify pursuant to (a) to (d) above then any person who is approved by the District Council as being in need of Affordable Housing and unable to afford the Discounted Market Sale Unit at Open Market Value (such approval not to be unreasonably withheld or delayed) and who is ordinarily resident in the United Kingdom.
Application Form - If an applicant meets the location criteria then and application form must be submitted to by e-mail to: [use Contact Agent Button]; said application form can be obtained from the selling agent. The applicant will also need to send: copies of their most recent 3 months or 8 weeks wage slips for all applicants; copies of their savings e.g. building society books, bank statements etc; a mortgage offer in principle detailing the maximum amount they are able to borrow; and proof of their local connection.
Other Useful Information - Help-to-Buy equity loans cannot be used; DMS properties cannot be rented out; the owner will own 100% of the freehold of the property, however, to ensure that the property remains as affordable housing, the discount remains in place in perpetuity, with the 50% discount being applied at the time of any resale.
This freehold semi-detached house is a 'Discounted Market Sale Unit' that is covenanted to be sold at no more than 50% of the 'Open Market Value' to a buyer with a 'Local Connection' to Malvern Hills District Council area. Construction has been completed under an Architect's Certificate. The house offers larger than average accommodation of approximately 810sqft: hall with toilet off; living room; fitted kitchen; two double bedrooms; en suite shower room; and a bathroom.
A canopy porch with wall light point and a double glazed side door opening to the RECEPTION HALL having doors to kitchen and living room, ceiling light point and a door to:
Cloakroom - Having a white low flush w/c and wash hand basin with tiled splash back, radiator, extractor fan and ceiling light point.
Fitted Kitchen - 3.96m x 2.26m < 2.77m (13'0" x 7'5" < 9'1") - (Measurements include units) having a range of base and wall units with worktop surfaces, single bowl/single drainer sink, recess for washing machine and built-in electric oven and gas hob with cookerhood over. A double glazed window to front, radiator, ceiling light point and a wall mounted 'Worcester' gas-fired combination boiler.
Living Room - 5.69m x 3.96m (18'8" x 13'0") - (Measurements include stairs & recess) having a double glazed window to side, twin double glazed French doors opening to the rear garden, radiator, stairs to the first floor, ceiling light point and a built-in store cupboard with a ceiling light point.
From the living room, the stairs with balustrade lead up to the FIRST FLOOR LANDING having an access hatch to the loft, built-in airing cupboard and ceiling light point.
Bedroom One - 3.96m x 3.07m < 4.01m (13'0" x 10'1" < 13'2") - (Measurements include recess) having a double glazed window to front, radiator, ceiling light point and door to:
En Suite Shower Room - 1.85m x 1.35m (6'1" x 4'5") - (Max measurements including suite) having a white suite comprising: a low flush w/c; pedestal wash hand basin; and a shower cubicle. Obscure double glazed window to side, radiator, extractor fan and ceiling light point.
Bedroom Two - 3.07m x 2.90m (10'1" x 9'6") - (Measurements exclude cupboard) having a walk-in cupboard built-in over the stairwell, double glazed window to rear, radiator and ceiling light point.
Family Bathroom - 1.85m x 1.70m (6'1" x 5'7") - (Measurements include suite) having a white suite comprising: a low flush w/c; pedestal wash hand basin; and a panelled bath. Obscure double glazed window to side, radiator, extractor fan and a ceiling light point.
Outside -
Parking - The property benefits from spaces for two cars side-by-side at the rear with a gate into the rear garden.
Gardens - The house stands back behind a lawn behind a post and rail fence and is approached via a gate over a paved path. The path continues along the side of the house, where there is also a lawned area, to the rear where the property benefits from a private rear garden compromising: a paved patio to rear of the house, beyond which is a lawn with a paved path to the gate at the rear opening to the parking beyond.
General Information -
Tenure - The vendor advises us that the property is FREEHOLD. Allan Morris & Peace Limited would stress that they have not checked the legal documentation to verify the status of the property and would advise the buyer to obtain verification from their solicitor.
Council Tax Band: To Be Confirmed - (Malvern Hills District Council)
Epc Rating: To Be Confirmed - (Energy Performance Certificate)
Discounted Market Sale Unit - Planning permission was granted for this property with a clause in the section 106 agreement that the property always has to be sold at a "Discounted Price". Under the s.106 agreement, "Discounted Price" is defined as: "50% of the Open Market Value of the Discounted Market Sale Unit (or such other lower figure as otherwise may be agreed in writing between the parties)". The criteria also states that the property should be sold to a person with a "Local Connection" to Malvern Hills District Council.
General Criteria & Qualifying Resident - General Criteria
Prospective purchasers should be 18 years or older
A combined annual income (if purchasing in joint names, then this refers to all purchasers) cannot exceed £80,000 in the tax year immediately preceding the year of purchase
Evidence that that they could not purchase the property at open market value.
Under the s.106 Agreement, "Qualifying Resident" is defined as:
"Qualifying Resident" shall mean in the case of a Discounted Market Sale Unit a person who is approved by the District Council as being in need of Affordable Housing and unable to afford the Discounted Market Sale Unit at Open Market Value and who:
(a) has lived in the District by choice for a certain time (for six months out of the last twelve months or for three years out of the last five years); or
(b) has close family living in the District, who have been permanently resident for at least the previous five years (close family is specifically mother, father, brother, sister, adult son or adult daughter); or
(c) has permanent paid employment in the District; or
(d) has a local connection to the District as a result of special circumstances (subject to the approval by the Head of Social Services).
Provided that if no persons qualify pursuant to (a) to (d) above then any person who is approved by the District Council as being in need of Affordable Housing and unable to afford the Discounted Market Sale Unit at Open Market Value (such approval not to be unreasonably withheld or delayed) and who is ordinarily resident in the United Kingdom.
Application Form - If an applicant meets the location criteria then and application form must be submitted to by e-mail to: [use Contact Agent Button]; said application form can be obtained from the selling agent. The applicant will also need to send: copies of their most recent 3 months or 8 weeks wage slips for all applicants; copies of their savings e.g. building society books, bank statements etc; a mortgage offer in principle detailing the maximum amount they are able to borrow; and proof of their local connection.
Other Useful Information - Help-to-Buy equity loans cannot be used; DMS properties cannot be rented out; the owner will own 100% of the freehold of the property, however, to ensure that the property remains as affordable housing, the discount remains in place in perpetuity, with the 50% discount being applied at the time of any resale.
