Clifton-on-Teme

Worcester

  • 3

  • 1

  • 1

  • 70% fixed equity
  • Newly built home
  • Classic English village location
  • Ultra-Fast Broadband available
  • Secure garden
  • Off-road parking
  • Efficient air source heat pump

Fixed price

969 sq. ft.

Tenant Info

01905 734 734

Please quote reference number DEV230005

An excellent opportunity to purchase a semi-detached newly built home for 70% of its value in the idyllic rural village of Clifton upon Teme.
  • 70% fixed equity
  • Newly built home
  • Classic English village location
  • Ultra-Fast Broadband available
  • Secure garden
  • Off-road parking
  • Efficient air source heat pump

Plots 6 and 14 are being sold with 70% fixed equity meaning you will own 100% of the freehold for 70% of the value of the property, which is ideal for first-time purchasers or those with a limited budget who want to get on the property ladder. This discount remains a restriction on the property in perpetuity therefore, applicable to any future sales.


Eligibility
There are a set of eligibility and local connection criteria which prospective purchasers must meet, prior to putting an application forward to our team for review. Please see below:

• Prospective purchasers should be 18 years or older

• A combined annual income (if purchasing in joint names, then this refers to all purchasers) cannot exceed £80,000 in the tax year immediately preceding the year of purchase

• Evidence that they are unable to purchase this property at the open market valuation price

• This is to be their sole residence

• Lived in the parish of by choice for 6 out of the last 12 months or 3 out of the last 5 years

• Have close family (mother, father, sibling, adult son or adult daughter) living in the parish by choice for at least the previous five years

• Be in permanent paid employment in the parish

• Or have a local connection to the district as a result of special circumstances (subject to approval by the Housing Services Manager)


Local Connection
To be eligible to purchase this property, you must have a local connection to the Malvern Hills area. Please contact us for more information.


How to Apply
Applications for the discount market sale property have to be submitted for approval by the local authority. To be considered for purchasing this property, a prospective purchaser must complete an application form in full and provide the necessary evidence to be reviewed by the local authority.

For access to the application form, please contact the agent.



Ground Floor
Approaching the properties from the road, there are driveways to the side providing parking for up to two cars.

Entering the properties, you are greeted by a welcoming hallway with a staircase to the first floor, a useful guest cloakroom and doors flowing through into the kitchen and living room. The guest cloakroom will be fitted with a WC and a handwash basin.

Situated at the front of the properties are the large open plan kitchen dining room, completed with wall and floor mounted units with a stainless-steel sink, and space for a dishwasher and washer/dryer.

To the rear of the properties there is a spacious living room with a useful under stairs storage cupboard and door leading out onto the paving slab patio and garden beyond, making it an ideal indoor/outdoor entertaining space.


First Floor
Moving upstairs, on the first floor there is a large landing with a loft hatch and doors to all three bedrooms. Located at the front is bedroom one, this is a generous sized double bedroom with delightful dual aspect windows and ample space for fitted wardrobes (by separate agreement).

The further two bedrooms consist of a good-sized double bedroom and a single bedroom, each with room for fitted wardrobes (by separate agreement).

All the bedrooms are serviced by a well-appointed family bathroom with WC, handwash basin and bath with a thermostatic shower above. The bathroom will have a tiled splashback behind the sink and to the shower enclosure.


Outside
The rear garden is enclosed by fence panels and is mainly laid to grass, adjacent to the living room door is a patio providing the perfect space for alfresco dining and entertaining. There is also a shed provided.


Agent’s Note
Flooring is not included within the sales price; however, the developer would be delighted to assist with any trade contacts.

Services
At Highfields, fibre to the property is readily available, allowing for ultrafast broadband speed to make both home entertainment and homeworking as smooth as possible.

Plots 6 and 14 each have air source heat pumps and are connected to mains electricity, water and drainage.

There is also an annual service charge of approximately £251.00 for maintenance of extensive common areas.

Council tax band and EPC - to be confirmed

Administration Fee - refundable on exchange

An administration fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The administration fee levels are as follows:
an agreed offer under £500,000 will be £750 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £2,000 inclusive of vat
all agreed offers over £1,000,000 will be £3,000 inclusive of vat

The administration fee is payable upon acceptance by the vendor of an offer from a buyer and a positive completion of an assessment of the buyer’s financial status and ability to proceed.
Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and the administration fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the administration fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all administration fees outlined above.