1 Bed Apartment For Sale

A well presented one bedroom second floor apartment that offers a 40% equity share. The remaining equity can be staircased to full ownership. It is well located for the railway station and the High Street and has gas central heating and off-road parking.

Communal Hallway - with main communal entrance door, staircase up to the first and second floors.

Hallway - with laminate flooring, entrance intercom system, access to the loft space, built-in cupboard.

Lounge - with double glazed windows to the front and side aspects, radiator, laminate flooring.

Kitchen - with a range of base and wall mounted units with work surfaces over, stainless steel sink and drainer, integrated gas hob, electric oven with extractor hood over, space for washing machine and space for fridge freezer, wall mounted gas boiler, double glazed window to the side aspect.

Bedroom - with a radiator, double glazed window to the rear aspect.

Bathroom - with a panelled bath with shower over, pedestal hand wash basin, storage cupboard, low level WC, tiled splashbacks, radiator, double glazed window to the rear aspect.

Outside - To the rear of the property is a small communal garden and an allocated parking space.

Agents Note - The property is being offered at 40% shared ownership with BPHA owning the remaining 60% share. The monthly rent for this 60% share is currently £251.04. There is an option to staircase the property to 100% ownership (full market value £155,000), buyers will need to make their own enquiries to BPHA regarding this.

Shared Ownership Eligibility:

You can apply to buy the home if both of the following apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Material Information - • Tenure - Leasehold
• Length of lease - 82 years remaining
• Annual ground rent amount - N/A
• Ground rent review period - N/A
• Annual service charge amount - £1,065
• Service charge review period - Annually
• Council tax band - A

Services:
Mains electricity and gas connected.
Mains water and drainage.
Broadband connected.