Terraced House for sale on

North Station Road

Ramsey, PE26

Tenure: Freehold

Belvoir are delighted to present this fantastic opportunity to purchase a THREE BEDROOM mid-terrace house, available through the popular shared ownership scheme, located in the charming English market town of Ramsey. The advertised price is based on a 30% share

EPC rating: Unknown. Council tax band: B, Tenure: Freehold,

About the Area - Ramsey

Ramsey is situated 11 miles north of Huntingdon and only a short 30-minute drive to the city of Peterborough which is home to beautiful historical architecture, hospital and shopping center. A local superstore and post office are a few of the local amenities which are available in Ramsey. There is a Dentist, medical center and veterinarian within the town. Ramsey also has an infant and junior school along with a college meaning that Ramsey is the perfect place to raise a family.

Entrance Hall

The entrance hall to this property welcomes you with access to the Kitchen, Living room, as well as stairs to the first floor and W/C.

Kitchen

2.86m x 4.62m (9'5" x 15'2")

Fitted with a matching modern range of base and eye level units, the kitchen area boasts hob, oven, sink with tap over and window to the front aspect.

Living/Dining Area

3.53m x 5.20m (11'7" x 17'1")

The open-plan layout of the room offers an excellent space for both a lounge and dining area, enhanced by French doors and a window to the rear, allowing for plenty of natural light.

W/C

The downstairs W/C comprises of 2 piece suite including toilet and hand wash basin.

Stairs to First Floor

Carpeted landing leading to the first floor.

Master Bedroom

2.64m x 3.97m (8'8" x 13'0")

The Master Bedroom boasts space for a bed, space for freestanding furniture if needed and window to the rear of the property. This room further benefits;

Ensuite Shower Room

The ensite comprises of toilet, hand wash basin and shower.

Bedroom Two

2.99m x 3.00m (9'10" x 9'10")

The second bedroom benefits from space for a bed, space for freestanding furniture and window to the front of the property.

Bedroom Three

2.47m x 2.71m (8'1" x 8'11")

Bedroom three contains space for free standing wardrobes, space for bed, and window to the rear aspect of the property overlooking the garden.

Family Bathroom

The family bathroom comprises of three piece suite including, bath, hand wash basin and toilet with frosted window to the front aspect.

Outside

This property benefits from an enclosed rear garden which is mainly laid with lawn but also provides patio area for outdoor seating.

To the front of the property you have a small well maintained garden area.

Shared Ownerhsip

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.

Share Examples

The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a 45% share, the share purchase price will be £117,000 and the rent will be £327.71 a month.

If you buy a larger share, you'll pay less rent. The table below shows further examples.

Share Examples

10% £26,000 £536.25
25% £65,000 £446.88
30% £78,000 £417.08
40% £104,000 £357.50
50% £130,000 £297.92
60% £156,000 £238.33
70% £182,000 £178.75
75% £195,000 £148.96

The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.

Shared Ownership

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.

Shared breakdown

Price advertised is based on a 40% share.
Full property value = £260,000

Belvoir have been informed there is a 990 year lease on this property starting on completion

Belvoir have been informed the rental charges for this property based on a 40% share purchase. This figure includes buildings insurance, management and service charges and is reviewed every April. This payment will need to be paid in addition to monthly mortgage payments where applicable.

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 Peterborough, 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.