1 bed Flat For Sale £161,000
Full Description
Tenure: Leasehold 999 years as of 1/1/2017
Annual service charge approx £1400
Ground rent annual charge £180
Council tax band A
This elegant and modern top floor apartment has far reaching views with its west, east and south facing windows, a bright open plan kitchen and sitting/dining room for informal relaxation, along with a double aspect bedroom and luxury bathroom. There’s also the added convenience of a hallway storage cupboard to tidy away any clutter.
This property is a ‘Discounted Open Market’ home. That means the asking price you need to pay on day one to buy your share is capped at an affordable level. The property has a simple price cap – you own 100% of the property but its price is capped at 70% of market value to you now, and you would have to sell it at 70% market value when you come to sell in the future.
Certain criteria applies to purchase this home as stated by Cotswold District Council, including the following –
• You will own 100% of the property but its price is capped at 70% of market value and you would have to re-sell it at 70% of market value.
• Applicable to eligible applicants who live and/or work in, or have a family connection to the administrative area of Cotswold District Council.
• You must be at least 18 years old
• You must have an annual household income of less than £60,000
• You must reside in the home as your permanent home
• You must be able to evidence by way of mortgage offer or principle that you would be unable to afford the property’s full market value
• You must be able to demonstrate a good credit history and be able to afford the regular payments and costs involved in buying a Discounted Open Market home.
• Meeting one or more of the following criteria (in priority order) prior to his proposed occupation, namely that the person:
I. Has a local connection with the Parish; then
ii. Has a local connection with the surrounding area; then
iii. Has a local connection with the administrative area of the Cotswold District Council; then
iv. Is in general housing need i.e unable to access suitable housing without financial assistance.
For further details please speak to our Sales Advisor.
For all enquiries, viewing requests or to create your own listing please visit the Griffin Property Co. website.
Tenure: Leasehold 999 years as of 1/1/2017
Annual service charge approx £1400
Ground rent annual charge £180
Council tax band A
This elegant and modern top floor apartment has far reaching views with its west, east and south facing windows, a bright open plan kitchen and sitting/dining room for informal relaxation, along with a double aspect bedroom and luxury bathroom. There’s also the added convenience of a hallway storage cupboard to tidy away any clutter.
This property is a ‘Discounted Open Market’ home. That means the asking price you need to pay on day one to buy your share is capped at an affordable level. The property has a simple price cap – you own 100% of the property but its price is capped at 70% of market value to you now, and you would have to sell it at 70% market value when you come to sell in the future.
Certain criteria applies to purchase this home as stated by Cotswold District Council, including the following –
• You will own 100% of the property but its price is capped at 70% of market value and you would have to re-sell it at 70% of market value.
• Applicable to eligible applicants who live and/or work in, or have a family connection to the administrative area of Cotswold District Council.
• You must be at least 18 years old
• You must have an annual household income of less than £60,000
• You must reside in the home as your permanent home
• You must be able to evidence by way of mortgage offer or principle that you would be unable to afford the property’s full market value
• You must be able to demonstrate a good credit history and be able to afford the regular payments and costs involved in buying a Discounted Open Market home.
• Meeting one or more of the following criteria (in priority order) prior to his proposed occupation, namely that the person:
I. Has a local connection with the Parish; then
ii. Has a local connection with the surrounding area; then
iii. Has a local connection with the administrative area of the Cotswold District Council; then
iv. Is in general housing need i.e unable to access suitable housing without financial assistance.
For further details please speak to our Sales Advisor.
For all enquiries, viewing requests or to create your own listing please visit the Griffin Property Co. website.
