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Sold STC - Shared Ownership £66,000

  • SEMI DETACHED
  • TWO BEDROOMS
  • SHARED OWNERSHIP SCHEME (35,40,50,60 & 75%)
  • LEASHOLD
  • IN ASSOCIATION WITH LONGHURST & HAVERLOCK HOMES
  • CONSTRUCTED BY LINDUM HOMES IN 2018
  • DESIRAVBLE VILLAGE LOCATION
  • IDEAL FIRST TIME BUY

GREEN KEY SALES AND LETTINGS are pleased to offer to market this two bedroom semi detached property in the desirable village of Heighington. The property is available on a 35, 40, 50, 60 and 75% shared ownership basis. Internally the accommodation briefly comprises of a Lounge, Kitchen/Diner, Downstairs WC, First Floor Landing, Two Bedrooms and a Bathroom. Externally, the property has off road parking to the front and a generous lawned rear garden to the rear which is fully enclosed and has gated side access. The property is located in the popular village of Heighington, situated approximately 5 miles South of Lincoln. Heighington, together with the nearby villages of Washingborough and Branston, offer extensive amenities including playing fields with play area, numerous sports and social clubs, a Spar shop and two public houses. NO ONWARD CHAIN.


Agent Note
Sell your home from £999 No Vat with Green Key Sales & Lettings!

"A modern Estate Agent based in the Bailgate within Lincoln who offer low and fair selling fee's!"

Check out the 'Key Facts for Buyers' document for a comprehensive overview of this property and the local area.

Offer Criteria - PLEASE READ

This Shared Ownership Scheme has a Planning Condition that requires Applicants to demonstrate that they have a connection to the local area (one of the following must apply):-

A. I am a resident of the District and have been for at least the last 12 months; or

B. I am not currently residing in the district, however, I have previously been a resident for at least three out of the last five years; or

C. I am not currently residing in the District, however, I have previously been a resident for five out of the last ten years; or

D. I am in employment or have an offer of employment where my primary location of work is within the District; or

E. I am in temporary employment or have an offer of temporary employment (temporary means at least 12 months) where your primary location of work is within the District; or

F. I have a close relative currently residing within the District and who has lived there for the last 12 months (a close relative means, father or step-father, mother or step-mother, son or step-son, daughter or step-daughter, brother or sister, grandparent, grandchild, wife, husband or civil partner).


Due to the government funding involved in this scheme, any prospective purchaser wishing to be considered for the shared ownership option will be required to submit an application form to us for assessment by the housing association. Part of that assessment will be to supply evidence from a mortgage lender, i.e. a mortgage in principle of the maximum amount they can borrow, to show that they cannot afford to buy outright on the open market in the area. For your information, the property cannot be sold as shared ownership to a current homeowner or for investment purposes.

A £250 (non-refundable) reservation deposit is required when an applicant has been accepted.

Once the application has been received and approved by the Association, a £250 non-refundable reservation fee is payable. This is credited to the rent account upon completion

Important Information - PLEASE READ

TENURE - LEASHOLD (Lease granted on 28/03/2019 for a term of 99 years)

THIS PROPERTY IS AVAILABLE ON A SHARED OWNERSHIP BASIS WITH THE OPTION TO PURCHASE EITHER A 35%, 40%, 60% OR 75% SHARE OF THE LEASE. FURTHER DETAILS AVAILABLE UPON REQUEST.

£57,750 (representing a 30% Share of the Ownership) and rent (*tbc)
£66,000 (representing a 40% Share of the Ownership) and rent of (*£269.49)
£82,500 (representing a 50% Share of the Ownership) and rent (*tbc)
£99,000 (representing a 60% Share of the Ownership) and rent of (*tbc)
£123,750 (representing a 75% Share of the Ownership) and rent of (*tbc)

* Rental figure includes Buildings Insurance and Management Company Charges

** There will be an ongoing service charge of £13.00 PCM, payable to the management company should you purchase the remaining shares in this home.


Application Notes - PLEASE READ

Qualifying criteria to purchase a share in a shared ownership property.

We hereby make any potential purchasers aware of the following points:

* The applicant/s cannot already own a property in the UK or abroad.

* The property cannot be brought for investment purposes (unless it is being brought outright).

* The applicant/s will need to register to seek headline approval from a local Homebuy Agent before submitting an application form to the Association. Here is the link to find your local Homebuy Agent: www.helptobuy.gov.uk/equity-loan/find-helptobuy-agent

* The applicant/s must provide evidence (on the application form) that they are unable to buy a similar property on the open market without the help of the shared ownership scheme.

* The applicant must meet the Associations affordability criteria, which is based on the information provided within the application form.

* Should there be more than one interested party applying for the property. All applicants must complete an application form for assessment by the Association. The property will be offered to the applicant with the greatest housing need based on the HCA Capital Funding Guide.

* The application form attached to this listing must be completed in full and returned to the Association with full supporting evidence/ supporting documentation to Assignments@longhurst-group.org.uk Please refer to the application form ie: Customer checklist, for details. Incomplete application will be returned directly to us as the marketing agent.

Lounge 3.81m (12'6") x 4.57m (15'0")
A spacious reception room with a window to front, radiator, stairs rising to first floor and door leading into;

Kitchen/Diner 4.57m (15'0") x 2.41m (7'11")
Fitted with modern high and low units incorporating a sink and drainer unit, electric oven, four ring gas hob, spaces for appliances, adjacent dining space, window to rear and French doors leading into the garden.

Downstairs WC
Fitted with a two piece suite comprising of a low level WC, hand wash basin and radiator.

First Floor Landing
Having loft access and doors to both bedrooms and bathroom

Bedroom One 3.53m (11'7") x 3.00m (9'10")
Having two windows to the front aspect, radiator and built in cupboard

Bedroom Two 3.25m (10'8") x 2.34m (7'8")
Window to rear and radiator

Bathroom
Fitted with a three piece suite comprising of a low level WC, hand wash basin, panelled bath with mains shower over, radiator and a frosted window to rear.

Outside
Externally, the property has off road parking to the front and a generous lawned rear garden to the rear which is fully enclosed and has gated side access.

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Reference: GKE1000075


Tenant Fees


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.


Contact Green Key Sales and Lettings for more details

 Portico House, Lincoln, LN1 3AP    |     01522 904 904   |    hello@greenkeysalesandlets.co.uk


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