House For Sale £52,500
AGENTS NOTE:
You must be registered and eligible for this property before a viewing can be arranged, please refer to the attached document Live West How to Apply.
This property is offered to the market through the shared ownership scheme. The advertised sale price of 52,500 reflects the 25% share available for purchase, whilst the other 75% will be owned by Live West Homes Ltd, to whom a monthly rent of 339.84 will be paid, plus Buildings Insurance at 12.42 and a Service Charge of 27.69 making the monthly total 362.47. An incoming purchaser will have the opportunity, once completion has taken place, to purchase further shares in the property, as and when they choose, until they own 100% of the property.
The monthly rent will decrease as Live West Homes Ltds share decreases. The property is currently leasehold with a 125 year lease from 1st October 2016, however once 100% of the property is owned the property will become freehold.
Please note the current full market value of the property is 210,000.
In order to purchase this property, an application must be made to Live West Homes Ltd, alongside a Help to Buy application. In order to qualify for a purchase, an incoming buyer must meet the local connection criteria as follows;
Local Connection means in relation to a person in need of affordable housing in order of priority;
An eligible person means a person who is in need of Affordable Housing and who has a strong location connection with the parish of Wellington and who satisfies one or more of the following criteria .
The person has been permanently resident in the area for 3+ years
The person has been employed in the parish on a permanent, full time basis for the last 12 months or more
The person has a close family member (mother, father, son, daughter, brother or sister) who has lived in the parish for 3+ years and where a caring dependency can be evidenced
The person has been formerly resident in the area for a period of 5+ years
After a period of 21 days of advertising these criteria will extend to the Taunton district. After a further period of 28 days of advertising these criteria will extend to Somerset county. This information has been taken from the Section 106 Agreement which is a planning condition.
THE PROPERTY
Benefiting gas central heating and uPVC double glazing throughout, arranged over 2 floors, the ground floor offers a generous entrance hallway with stairs to the first floor and a downstairs cloakroom w.c. A modern fitted kitchen/ diner to the front and comfortable sitting room to the rear with direct access to the rear garden. On the first floor there are 2 double bedrooms and a modern bathroom. Outside the gardens front and rear have been hard landscaped for ease of maintenance, the rear garden benefits a useful timber garden shed. There are 2 allocated parking spaces directly in front of the property
LOCATION
Meyer Close is located on the Cades Farm development ideally placed on the outskirts of Wellington yet still within walking distance of the town centre. Wellington offers a wide range of independently run shops and larger national stores including the well renowned Waitrose. The town also benefits from a good assortment of educational and leisure amenities such as a Sport Centre with its own swimming pool and local cinema. The town itself stands between the River Tone and the Blackdown Hills. The County Town of Taunton is approximately 7 miles distant with its mainline railway station and the M5 can be accessed via Junction 26 just outside the town.
DIRECTIONS
From the centre of Wellington proceed in the Taunton direction passing through the traffic lights and continue to the mini-roundabout taking the second exit to the next roundabout taking the third exit onto Cades Farm. Drive through the estate following the road as it bears right and then left. Drive around the green to the right hand side as you will see the property in the right hand side in a corner position.
