Terraced House for sale on

The Furrows

Littleport, CB6

Tenure: Leasehold

Available is a END TERRACE TWO BEDROOM HOUSE situated in LITTLEPORT. The property benefits from Kitchen/Dining room, cloakroom and lounge. TWO BEDROOMS. High Efficiency Gas Central Heating, turfed rear gardens and many other attractive features.

EPC rating: B. Council tax band: B, Domestic rates: £1777.88, Tenure: Leasehold, % Share being sold: 45, Additional liabilities or obligations: Under the terms of the shared ownership lease and based on the open market valuation report, the share can be sold for no higher than the open market valuation.

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. 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.

Please be advised that it is within the HCA guidance to maximise all shares. We are required to maximise shares purchased based on a potential buyers’ affordability and individual circumstances ie: additional staircasing may be required in addition to the share being advertised.

The new owner will carry on the rental agreement for the remaining percentage as detailed within the lease.

The current rent for a 45% share would be £289.90
Building insurance £9.38
Management charge £25.15
Service charge £11.69
Total monthly amount due would therefore be £336.12
Payment must be made by direct debit. Our charges are reviewed annually in April.

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Lounge

3.23m (10′7″) x 3.75m (12′4″)

The lounge has fitted carpet, Stairs to first floor and benefits from dual aspect windows

Kitchen Dining Room

2.99m (9′10″) x 4.11m (13′6″)

The kitchen is fitted with a matching range of base and eye level units with worktop space over. The kitchen has a built in electric oven, hob and extractor hood over, stainless steel sink with drainer, vinyl flooring and uPVC window to side.

WC

The downstairs W/C is fitted with toilet and hand wash basin.

Bedroom 1

2.78m (9′1″) x 4.20m (13′9″)

The spacious bedroom contains space for a double sized bed, freestanding wardrobes and window to the rear aspect.

Bedroom 2

3.06m (10′0″) x 3.06m (10′0″)

The Bedroom provides space for a double sized bed,freestanding furniture, window to the front of the property and access to;

Outside the Property

To the exterior of this property is a good sized rear garden and driveway parking for 2 vehicles.

Shared Ownership

On the popular shared ownership scheme you are able to purchase a share of the house and then pay the housing Association (Longhurst Group) rent on the remaining share which has not been purchased. There is then the option to purchase further shares until you own 100% in the future, this is a process called staircasing. To qualify for Shared Ownership, you must meet the following criteria: - Your annual gross household income is less than £80,000 - Unable to purchase a suitable property for your housing needs on the open market. If your application is successful a reservation fee of £250 is required securing the property to the accepted applicant for a period of 8 weeks. Within this timeframe all accepted applicants are required to be in a position to, and where possible, exchange on the property.

Share Breakdown

Please find example of share breakdown amounts provided: *** 45% - purchase price £103,500 - total rental amount payable £289.90 ***Full property value is - £230,000 Total rental price includes rent, buildings insurance, service charge and management charge. This is broken down as: * Rent £364.38 * Building insurance £9.38 * Management charge £25.15 * Service charge £11.69 This payment will need to be paid in addition to monthly mortgage payments where applicable. Charges are reviewed annually every April.

Belvoir and Longhurst Disclaimer

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective purchasers. Belvoir Cambridge, its employees and its agents are not authorised to make or give any representation or warranty whatsoever in relation to this property. All information included, descriptions, images used and sales floor plans are for illustration purposes only. The developer reserves the right to omit, add or otherwise alter the property, its specification or its exact location on site at any time prior to exchange of legal contracts without notice.