Magenta Estate Agents present the opportunity to purchase a 50% share in this three-bedroomed, mid-terrace townhouse built by Messrs Bellway Homes to their popular ‘Melrose’ design around 9 years ago. Beautifully presented throughout, the living space is spread over three floors including a hall, kitchen, cloakroom and lounge/diner to the ground floor; two bedrooms, bathroom and study area to the first floor; and superb, spacious master bedroom with built-in wardrobe to the second floor. Outside are low-maintenance gardens to the front and rear together with allocated, covered parking for two cars. NB Any purchase would be subject to an affordability assessment by Amplius Living who own the remaining 50% share of the property (*see Agent’s Note).
GROUND FLOOR
ENTRANCE HALL Enter the property to the front aspect into the spacious and welcoming hall which features grey oak laminate flooring and a useful understairs storage cupboard. From the hall, stairs rise to the first-floor landing, while doors lead to the cloakroom, kitchen and lounge/dining room.
CLOAKROOM The cloakroom is fitted with a white suite comprising a low-level WC and pedestal basin with tiled splashback, complemented by tiled flooring.
KITCHEN Light, airy and overlooking a green space, the kitchen is fitted with a contemporary range of wall and base units paired with laminate worktops and upstands, further comprising a stainless-steel sink and drainer unit, built-in ‘Zanussi’ appliances including oven, hob and extractor fan, space and plumbing for washing machine, space for tall fridge/freezer, concealed gas boiler, grey oak laminate flooring, and front-aspect window.
LOUNGE/DINING ROOM The grey oak laminate flooring flows seamlessly from the hall into the inviting living/dining room where you have a rear-aspect window and door to the rear garden.
FIRST FLOOR
LANDING With a built-in airing cupboard, all communicating doors to:
BEDROOM TWO A well-presented double bedroom with radiator and rear-aspect window.
BEDROOM THREE A single bedroom with pretty ‘blush pink’ feature wall, radiator and front-aspect window.
STUDY AREA A versatile space with front-aspect window which lends itself to additional storage or a designated study area. From here, stairs rise to the second-floor master bedroom.
BATHROOM The bathroom is fitted with a white suite comprising a pedestal basin, low-level WC, bath with mixer tap and shower over, complementary wall tiling to water-sensitive areas, shaver socket, extractor fan, tiled floor.
SECOND FLOOR
MASTER BEDROOM Retreat to the second floor and revel in the space this top-floor master bedroom affords. Decorated in neutral tones throughout, there is also a built-in wardrobe which means you have more than enough room for a dressing table, chest of drawers and bedside cabinets.
OUTSIDE
To the front of the property is a low-maintenance gravel garden with inset shrub. A footpath leads to the main entrance to the property with canopy porch over and wall light.
Fully enclosed by timber fencing, the rear garden marries good looks with easy maintenance comprising an artificial grass lawn, sleeper-edged slate borders with inset shrubs, and a raised paved patio ideal for seating. Further benefits include a wooden shed, outside water tap,
wall lighting and gated pedestrian access to the parking area where there is under-croft PARKING FOR TWO CARS.
AGENT’S NOTE
IMPORTANT INFORMATION.. PLEASE READ CAREFULLY: The advertised price of £135,000 is for a 50% share of this property. The prospective buyer/s would obtain a mortgage for this 50% share in the usual way and will then be liable to pay a rent to Amplius for their remaining 50% share (currently set at £299.60 per month) plus a monthly building insurance premium of £7.83. A monthly service charge of £27.42 and management charge of £25.15 are also payable. The property benefits from a 99-year lease of which 90 years remain. Also, under the Shared Ownership Scheme, any prospective buyer/s must not already own another property and cannot buy this property as a ’buy to let’ investment. Any prospective buyer interested in purchasing this property will need to complete an application to be submitted to Amplius to establish if you meet their criteria prior to a purchase proceeding further. Once Amplius have approved your application, a non-refundable reservation fee of £250 is payable. On completion of your purchase, this £250 will be deducted from your first months rent.
WHAT IS SHARED OWNERSHIP?
If you dream of owning your own home, but can’t afford to pay current property prices, then Shared Ownership is something for you to consider.
Sometimes known as ‘Part Buy/Part Rent’, the Shared Ownership scheme is designed to help people take that step onto the property ladder. It’s a flexible, low-cost way of buying a home, without paying the full asking price up front. In time, when your finances allow, the Shared Ownership Scheme permits you to buy additional shares in the property (up to a maximum of 75%) while continuing to pay rent to Amplius Living for their remaining share.
For more information about what ’Shared Ownership is and if it is the right scheme for you, visit the Government’s own website at:-
www.gov.uk/shared-ownership-scheme
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