House For Sale £142,000
* 50% SHARED OWNERSHIP * Picker Elliott are pleased to present this nearly new three bedroom semi detached home, located on Gables Close in Desford. The property briefly comprises an entrance hall, WC, lounge, kitchen/diner, three bedrooms and a family bathroom.
Benefits include gas central heating, full UPVC double glazing, a private rear garden and views out over open countryside. To the front is a large tarmacadam driveway that can easily accommodate two vehicles.
EPC RATING B. COUNCIL TAX BAND B.
Advice For Potential Purchasers - This information has been provided by a third party (Midland Heart).
Shared Ownership is designed for those who want to get a foot on the property ladder but can't afford to buy a home on the open market. It allows you to purchase a share with a mortgage and you will pay a monthly fee to us for the share you don't own.
Shared ownership is designed to help you purchase an initial share in the property and then go on to purchase further shares until you own your own home outright (unless it's in a designed Designated Protected Area and has a restricted covenant that only allows leaseholder's to purchase 80% - for further details on this please contact us directly)
First Step - Mortgage in Principle
We will require sight of your mortgage in principle or if you are a cash buyer evidence that you have available funds to purchase the property.
Second Step - An eligibility and affordability assessment based on the share the existing leaseholder is selling
Please forward us a copy of your completed application form including the income and expenditure form
· 3 x copies of rent wage slips
· 3 x recent bank statement
· Proof of ID (passport or Driving licence)
· Proof of their current address (bill/bank statement or payslip)
· Mortgage in principle
A more detailed affordability assessments will then be carried out to ensure you have sufficient funds required to maintain the home you are interested in buying.
Shared Ownership Information - This information has been provided by a third party (Midland Heart).
If a share of the property is purchased, it is sold as leasehold on a 'fully repairing lease'. This means that the leaseholder will be responsible for all internal and external maintenance and repairs.
The new purchaser who wishes to buy 50% must be approved by Midland Heart. No sale will be able to progress until we have confirmation that the purchaser has met their criteria. Their approval is based on affordability and potential purchasers must meet the following shared ownership criteria;
· Cannot be an investor or a person who is wishes to buy the property as a second home
· Priority will have to be given to first time buyers, housing association tenants and council tenants
· Someone who has a property which is sold subject to contract e.g. a matrimonial breakdown or someone moving to the area for work
· We cannot sell to someone as a shared owner who could afford to buy this property on the open market (unless the seller is purchasing the remaining shares to 100% and simultaneously selling)
· We cannot sell to someone who cannot demonstrate their ability to be able to afford to live in the property and maintain an acceptable level of disposable income
· No 100% or interest only mortgages
Please note that if the purchaser wishes to buy more shares than 50% share, the estate agents must check with the vendor that they are willing to proceed on this basis as additional costs would be incurred by the vendor.
They may only buy further shares at a price certified by an RICS independent surveyor which has been instructed for by us. We will need a written valuation which must be less than three months old at completion. The leaseholder would be responsible for the valuation cost. If the sale takes longer than three months a further valuation will be required and the sale price might vary.
N.B. Where further shares are being sold to a purchaser, our client is the existing leaseholder. They in turn are selling their new share to the purchaser, this would complete on a back to back transaction which means it all completes on the same day. Our solicitors will act for us in the sale of further shares to the leaseholder, but both the seller and purchaser will also need to instruct their own independent solicitors. We will require early notice of any intention to buy more shares.
From 1st April 2023 the monthly charge will be as follows: -
Rent £270.23
Management Charge £22.57
Buildings Insurance £9.62
Admin Fee £1.44
Third Party Charges £0.00
Total Monthly Charge £303.86
The service charge is reviewed annually.
Enter Via Double Glazed Front Door Into -
Entrance Hallway - With matting, wood effect flooring and door to
Cloakroom - With low level flush toilet, central heating radiator and pedestal wash basin.
Lounge - 3.45m x 4.31m (max) (11'3" x 14'1" (max)) - With wood effect flooring, central heating radiator, UPVC double glazed window to the front aspect with shutters and tv and telephone connectors.
Lobby - With stairs leading to first floor, wood effect flooring and door leading to
Kitchen - 4.60m x 3.25m (15'1 x 10'8) - With wood effect porcelain style tiles, double glazed patio doors opening out onto the rear patio, access to pantry, central heating radiator, range of kitchen white slab units with roll edge wood effect work surface over, wall mounted gas boiler, stainless sink with drainer and mixer tap seated beneath UPVC double glazed window, space and plumbing for two appliances, space for cooker with gas hob, stainless steel extractor hood with stainless steel splash back, inset spotlights to ceiling and space for free standing fridge/freezer.
First Floor Landing - With access to
Bedroom One - 4.62 (max) x 3.42 (max) (15'1" (max) x 11'2" (max) - With central heating radiator and UPVC double glazed window looking out over the rear.
Bedroom Two - 2.24 x 3.31 (7'4" x 10'10") - With central heating radiator and UPVC double glazed window to the front aspect.
Bedroom Three - 2.22 x 2.06 (7'3" x 6'9") - With central heating radiator and UPVC double glazed window to the front aspect.
Bathroom - With pedestal wash basin, tiled splashback, low level button flush toilet, fully tiled bath area with bath, fittings and shower, extractor to ceiling and central heating radiator.
Outside -
To The Front Of The Property - There is a tarmacadam driveway that can easily accommodate two vehicles, multi power points and gated access leading to the
Rear Garden - Sizeable garden with timber fencing to all boundaries, large patio area immediately to the rear of the property, a further area which is laid to lawn, free standing shed, outside tap. multi power points and country side views beyond.
Important Notice - 1. These particulars have been prepared in all good faith to give a fair overall view of the property. If any points are particularly relevant to your interest in the property please ask for further information.
2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise, nor that any services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves on such matters prior to purchase.
3. The photograph/s depict only certain parts of the property. It should not be assumed that any contents, furnishings/furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph/s. No assumptions should be made with regard to parts of the property that have not been photographed. Please ask for further information if required.
4. Any areas, measurements or distances referred to are given as a guide only and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries or those which can be performed by their appointed advisers.
5. Where reference is made to planning permissions or potential uses such information is given in good faith. Purchasers should however make their own enquiries into such matters prior to purchase.
6. Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions are likely to match expectations you may have of the property.
7. The information in these particulars is given without responsibility on the part of the Sole Agents or their Clients. The particulars do not form any part of an offer or a contract and neither the Sole Agents nor their employees has any authority to make or give any representations or warranty in relation to this property.
8. All main services are understood to be connected but have not been tested by the Agents.
9. We accept no liability for the content of the video and recommend a full physical viewing as usual before you take steps in relation to the property (including incurring expenditure).
10. Copyright and Social Media: Unless we agree otherwise with you in writing, we hold the copyright on all photographic and video marketing material used to market your home and these should not be reproduced by any third party without our express consent. Furthermore, we reserve the right to use these for marketing initiatives in order to promote your property or the Company. We may use various options for marketing including all social media and mailing campaigns and should you have any concerns relating to this then you should let us know as soon as possible.
MONEY LAUNDERING REGULATIONS -In line with current money laundering regulations, prospective buyers who have an offer accepted on a property, will be asked to provide us with photo I.D. (e.g. Passport, driving licence, bus pass etc) and proof of address (e.g. Current utility bill, bank statement etc). You will also be asked to provide us with proof of how you will be funding your purchase. We ask for your cooperation in this matter as this information will be required before a sale can be agreed.
Benefits include gas central heating, full UPVC double glazing, a private rear garden and views out over open countryside. To the front is a large tarmacadam driveway that can easily accommodate two vehicles.
EPC RATING B. COUNCIL TAX BAND B.
Advice For Potential Purchasers - This information has been provided by a third party (Midland Heart).
Shared Ownership is designed for those who want to get a foot on the property ladder but can't afford to buy a home on the open market. It allows you to purchase a share with a mortgage and you will pay a monthly fee to us for the share you don't own.
Shared ownership is designed to help you purchase an initial share in the property and then go on to purchase further shares until you own your own home outright (unless it's in a designed Designated Protected Area and has a restricted covenant that only allows leaseholder's to purchase 80% - for further details on this please contact us directly)
First Step - Mortgage in Principle
We will require sight of your mortgage in principle or if you are a cash buyer evidence that you have available funds to purchase the property.
Second Step - An eligibility and affordability assessment based on the share the existing leaseholder is selling
Please forward us a copy of your completed application form including the income and expenditure form
· 3 x copies of rent wage slips
· 3 x recent bank statement
· Proof of ID (passport or Driving licence)
· Proof of their current address (bill/bank statement or payslip)
· Mortgage in principle
A more detailed affordability assessments will then be carried out to ensure you have sufficient funds required to maintain the home you are interested in buying.
Shared Ownership Information - This information has been provided by a third party (Midland Heart).
If a share of the property is purchased, it is sold as leasehold on a 'fully repairing lease'. This means that the leaseholder will be responsible for all internal and external maintenance and repairs.
The new purchaser who wishes to buy 50% must be approved by Midland Heart. No sale will be able to progress until we have confirmation that the purchaser has met their criteria. Their approval is based on affordability and potential purchasers must meet the following shared ownership criteria;
· Cannot be an investor or a person who is wishes to buy the property as a second home
· Priority will have to be given to first time buyers, housing association tenants and council tenants
· Someone who has a property which is sold subject to contract e.g. a matrimonial breakdown or someone moving to the area for work
· We cannot sell to someone as a shared owner who could afford to buy this property on the open market (unless the seller is purchasing the remaining shares to 100% and simultaneously selling)
· We cannot sell to someone who cannot demonstrate their ability to be able to afford to live in the property and maintain an acceptable level of disposable income
· No 100% or interest only mortgages
Please note that if the purchaser wishes to buy more shares than 50% share, the estate agents must check with the vendor that they are willing to proceed on this basis as additional costs would be incurred by the vendor.
They may only buy further shares at a price certified by an RICS independent surveyor which has been instructed for by us. We will need a written valuation which must be less than three months old at completion. The leaseholder would be responsible for the valuation cost. If the sale takes longer than three months a further valuation will be required and the sale price might vary.
N.B. Where further shares are being sold to a purchaser, our client is the existing leaseholder. They in turn are selling their new share to the purchaser, this would complete on a back to back transaction which means it all completes on the same day. Our solicitors will act for us in the sale of further shares to the leaseholder, but both the seller and purchaser will also need to instruct their own independent solicitors. We will require early notice of any intention to buy more shares.
From 1st April 2023 the monthly charge will be as follows: -
Rent £270.23
Management Charge £22.57
Buildings Insurance £9.62
Admin Fee £1.44
Third Party Charges £0.00
Total Monthly Charge £303.86
The service charge is reviewed annually.
Enter Via Double Glazed Front Door Into -
Entrance Hallway - With matting, wood effect flooring and door to
Cloakroom - With low level flush toilet, central heating radiator and pedestal wash basin.
Lounge - 3.45m x 4.31m (max) (11'3" x 14'1" (max)) - With wood effect flooring, central heating radiator, UPVC double glazed window to the front aspect with shutters and tv and telephone connectors.
Lobby - With stairs leading to first floor, wood effect flooring and door leading to
Kitchen - 4.60m x 3.25m (15'1 x 10'8) - With wood effect porcelain style tiles, double glazed patio doors opening out onto the rear patio, access to pantry, central heating radiator, range of kitchen white slab units with roll edge wood effect work surface over, wall mounted gas boiler, stainless sink with drainer and mixer tap seated beneath UPVC double glazed window, space and plumbing for two appliances, space for cooker with gas hob, stainless steel extractor hood with stainless steel splash back, inset spotlights to ceiling and space for free standing fridge/freezer.
First Floor Landing - With access to
Bedroom One - 4.62 (max) x 3.42 (max) (15'1" (max) x 11'2" (max) - With central heating radiator and UPVC double glazed window looking out over the rear.
Bedroom Two - 2.24 x 3.31 (7'4" x 10'10") - With central heating radiator and UPVC double glazed window to the front aspect.
Bedroom Three - 2.22 x 2.06 (7'3" x 6'9") - With central heating radiator and UPVC double glazed window to the front aspect.
Bathroom - With pedestal wash basin, tiled splashback, low level button flush toilet, fully tiled bath area with bath, fittings and shower, extractor to ceiling and central heating radiator.
Outside -
To The Front Of The Property - There is a tarmacadam driveway that can easily accommodate two vehicles, multi power points and gated access leading to the
Rear Garden - Sizeable garden with timber fencing to all boundaries, large patio area immediately to the rear of the property, a further area which is laid to lawn, free standing shed, outside tap. multi power points and country side views beyond.
Important Notice - 1. These particulars have been prepared in all good faith to give a fair overall view of the property. If any points are particularly relevant to your interest in the property please ask for further information.
2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise, nor that any services, appliances, equipment or facilities are in good working order. Purchasers should satisfy themselves on such matters prior to purchase.
3. The photograph/s depict only certain parts of the property. It should not be assumed that any contents, furnishings/furniture etc. photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph/s. No assumptions should be made with regard to parts of the property that have not been photographed. Please ask for further information if required.
4. Any areas, measurements or distances referred to are given as a guide only and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries or those which can be performed by their appointed advisers.
5. Where reference is made to planning permissions or potential uses such information is given in good faith. Purchasers should however make their own enquiries into such matters prior to purchase.
6. Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions are likely to match expectations you may have of the property.
7. The information in these particulars is given without responsibility on the part of the Sole Agents or their Clients. The particulars do not form any part of an offer or a contract and neither the Sole Agents nor their employees has any authority to make or give any representations or warranty in relation to this property.
8. All main services are understood to be connected but have not been tested by the Agents.
9. We accept no liability for the content of the video and recommend a full physical viewing as usual before you take steps in relation to the property (including incurring expenditure).
10. Copyright and Social Media: Unless we agree otherwise with you in writing, we hold the copyright on all photographic and video marketing material used to market your home and these should not be reproduced by any third party without our express consent. Furthermore, we reserve the right to use these for marketing initiatives in order to promote your property or the Company. We may use various options for marketing including all social media and mailing campaigns and should you have any concerns relating to this then you should let us know as soon as possible.
MONEY LAUNDERING REGULATIONS -In line with current money laundering regulations, prospective buyers who have an offer accepted on a property, will be asked to provide us with photo I.D. (e.g. Passport, driving licence, bus pass etc) and proof of address (e.g. Current utility bill, bank statement etc). You will also be asked to provide us with proof of how you will be funding your purchase. We ask for your cooperation in this matter as this information will be required before a sale can be agreed.
