House For Sale £168,000
This property is available on the Wychavon Discount Market Sales Scheme at 70% purchase price of the open market valuation and is subject to qualifying criteria. The maximum purchase price is £insert price based on an open market value of £insert price
As this is a Discount Market Sale (DMS) property, there are a set of eligibility and local connection criteria which any prospective purchaser/s must meet prior to putting an application forward to the council for review. Please see below:
Prospective purchaser/s 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 they are unable to purchase the property at the open market value (£240,000)
This is to be their sole residence
The prospective purchaser/s is in a proceedable position (e.g. if they currently own a property, this must be SSTC)
A person/s that the council is satisfied (acting reasonably) would not be able to purchase this property at the open market value and who meets the local connection criteria.
The S106 Legal Agreement details a local connection as a connection with the district of Wychavon as meeting one of the following criteria:
· Lived in the district by choice for 6 out of the last 12 months or 3 out of the last 5 years
· Have close family (mother, father, sibling, adult son or adult daughter) living in the district by choice for at least the previous five years
· Be in permanent paid employment in the district
Or a local connection to the district as a result of special circumstances (subject to approval by the Housing Services Manager)
This property is being sold at 70 % of the open market value. The s106 agreement requires that on any subsequent sales, the property is to be sold at 70 % of the open market to a 'Qualifying Person' i.e. a Person who can evidence that their housing needs are not met by the open market and who fulfils local connection criteria. So if the property was purchased and re-sold, these stipulations would need to be adhered to.
If you are interested in purchasing the property, before viewing, you must confirm that you cannot afford to meet your housing needs by the open market and that you meet the local connection criteria set out above. If both of these criteria are met and you like the property once you view it you should complete the application form which should be returned to the Housing Strategy and Enabling team. This can be done by email [use Contact Agent Button]
You will also need to send the following documents accompanying your completed application form:
. Copies of their most recent 3 months or 8 weekly wage slips for all applicants
. Copies of their savings e.g. building society books, bank statements etc
. A mortgage offer in principal detailing the maximum amount they are able to borrow
. Proof of their local connection
An obscure double glazed front door opens to:
Entrance Hall - having a telephone point, panel radiator, stairs to the first floor and a door to the kitchen.
Cloakroom - with a wall mounted wash hand basin, low level WC, extractor fan and panel radiator.
Lounge Diner - having double glazed French doors to the rear garden with matching panels either side, two panel radiators, television point and telephone point.
Kitchen - with a double glazed window to the front and fitted with a range of wall and base units having work surface over and matching returns. There is also a one and a half bowl sink with drainer, spotlights, integral fridge freezer, integral slimline dishwasher, space and plumbing for a washing machine, gas hob, electric oven, extractor fan, panel radiator and understairs storage cupboard.
First Floor Landing - having access to the loft and doors to:
Bedroom One - with a double glazed window to the rear, television point, telephone point and a double panel radiator.
Bedroom Two - having two double glazed windows to the front, double panel radiator and a cupboard over the stairs housing the gas fired combination boiler.
Bathroom - with a panel radiator, extractor fan, spotlights and a white suite comprising a low level WC, wash hand basin and panel bath with shower over.
Outside (Check) - the front of the property has two allocated parking spaces and a path to the front door. The rear garden has a paved seating area that gives way to an area of artificial grass with a paved path to gated rear pedestrian access.
Referrals - We routinely refer to the below companies in connection with our business. It is your decision whether you choose to deal with these. Should you decide to use a company below, referred by Leggett & James ltd, you should know that Leggett & James ltd would receive the referral fees as stated. Team Property Services £100 per transaction on completion of sale and £30 of Love2Shop vouchers on completion of sale per transaction.
As this is a Discount Market Sale (DMS) property, there are a set of eligibility and local connection criteria which any prospective purchaser/s must meet prior to putting an application forward to the council for review. Please see below:
Prospective purchaser/s 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 they are unable to purchase the property at the open market value (£240,000)
This is to be their sole residence
The prospective purchaser/s is in a proceedable position (e.g. if they currently own a property, this must be SSTC)
A person/s that the council is satisfied (acting reasonably) would not be able to purchase this property at the open market value and who meets the local connection criteria.
The S106 Legal Agreement details a local connection as a connection with the district of Wychavon as meeting one of the following criteria:
· Lived in the district by choice for 6 out of the last 12 months or 3 out of the last 5 years
· Have close family (mother, father, sibling, adult son or adult daughter) living in the district by choice for at least the previous five years
· Be in permanent paid employment in the district
Or a local connection to the district as a result of special circumstances (subject to approval by the Housing Services Manager)
This property is being sold at 70 % of the open market value. The s106 agreement requires that on any subsequent sales, the property is to be sold at 70 % of the open market to a 'Qualifying Person' i.e. a Person who can evidence that their housing needs are not met by the open market and who fulfils local connection criteria. So if the property was purchased and re-sold, these stipulations would need to be adhered to.
If you are interested in purchasing the property, before viewing, you must confirm that you cannot afford to meet your housing needs by the open market and that you meet the local connection criteria set out above. If both of these criteria are met and you like the property once you view it you should complete the application form which should be returned to the Housing Strategy and Enabling team. This can be done by email [use Contact Agent Button]
You will also need to send the following documents accompanying your completed application form:
. Copies of their most recent 3 months or 8 weekly wage slips for all applicants
. Copies of their savings e.g. building society books, bank statements etc
. A mortgage offer in principal detailing the maximum amount they are able to borrow
. Proof of their local connection
An obscure double glazed front door opens to:
Entrance Hall - having a telephone point, panel radiator, stairs to the first floor and a door to the kitchen.
Cloakroom - with a wall mounted wash hand basin, low level WC, extractor fan and panel radiator.
Lounge Diner - having double glazed French doors to the rear garden with matching panels either side, two panel radiators, television point and telephone point.
Kitchen - with a double glazed window to the front and fitted with a range of wall and base units having work surface over and matching returns. There is also a one and a half bowl sink with drainer, spotlights, integral fridge freezer, integral slimline dishwasher, space and plumbing for a washing machine, gas hob, electric oven, extractor fan, panel radiator and understairs storage cupboard.
First Floor Landing - having access to the loft and doors to:
Bedroom One - with a double glazed window to the rear, television point, telephone point and a double panel radiator.
Bedroom Two - having two double glazed windows to the front, double panel radiator and a cupboard over the stairs housing the gas fired combination boiler.
Bathroom - with a panel radiator, extractor fan, spotlights and a white suite comprising a low level WC, wash hand basin and panel bath with shower over.
Outside (Check) - the front of the property has two allocated parking spaces and a path to the front door. The rear garden has a paved seating area that gives way to an area of artificial grass with a paved path to gated rear pedestrian access.
Referrals - We routinely refer to the below companies in connection with our business. It is your decision whether you choose to deal with these. Should you decide to use a company below, referred by Leggett & James ltd, you should know that Leggett & James ltd would receive the referral fees as stated. Team Property Services £100 per transaction on completion of sale and £30 of Love2Shop vouchers on completion of sale per transaction.