A brand-new semi-detached home located in the delightful village of Cookley, being sold on a part buy, part rent basis.

• Shared ownership
• New home
• Village location
• Open-plan kitchen dining living
• Cloakroom
• Two double bedrooms
• Newly landscaped garden
• Driveway parking

An exciting and rare opportunity to purchase a new property being sold on a part-buy, part-rent basis with a 50% to 75% share available to purchase initially.

This excellent and affordable housing scheme is provided by the Community Housing Group, ideal for first-time purchasers or those with a limited budget who want to get on the property ladder. The flexible scheme allows the owner to increase owned shares after one year up to the full 100% ownership, with the rental amount payable diminishing pro rata. On a 50% shared basis, the rental per calendar month is £283.34, which includes buildings insurance and administrative fees. Below is information pertaining to eligibility and how to apply.


Eligibility
To be eligible for shared ownership, you:
- Need to be over the age of 18
- Be unable to buy on the open market
- Not already own a property (unless in exceptional circumstances)
- Be able to raise a mortgage to cover the share you wish to purchase
- Be able to afford to pay the remaining rent and bills etc.
- Have enough saved to cover the mortgage and legal fees and any additional moving costs
- Have no more than £15,000 unsecured debt
- Be registered on Home Choice Plus Housing Register.


How to apply
To apply for this property, you need to complete an application form and an income and expenditure statement. You will also need to provide documents to support your application, please use the checklist to ensure you have provided everything that is applicable.

All documents can be found here:
Application form – (communityhousing.co.uk/pdf/sales/Application.pdf)
Income and expenditure form - (communityhousing.co.uk/pdf/sales/IncomeAndExpenditure.pdf)
Application checklist – (communityhousing.co.uk/pdf/sales/ApplicationChecklist.pdf)

You also need to register on our housing register Home Choice Plus – (homechoiceplus.org.uk)

Once your Home Choice Plus application has been approved, you will be advised of a reference number, which you will need to state as part of your application.

Once you have completed the application, gathered your evidence, and registered on Home Choice Plus and Orbit, you can email the Application form, Income and expenditure form and supporting documents to the email on the bottom of the application form.

We will then assess your application, which normally takes around a week.

Please note: Applications are taken on a first come, first served basis and incomplete applications cannot be accepted.


The property is approached via a block-paved driveway leading to a covered porch, with an outside light. The hallway beyond the porch has a storage cupboard and doors leading to the downstairs cloakroom/WC and living area.


Living room
There is an extremely light and airy open-plan living space, which is great for contemporary living and features French doors opening onto the rear garden.


Kitchen
The kitchen area is nicely styled with matching natural coloured wall and base units, with marble effect work surfaces incorporating an inset sink and drainer. There is a built-in oven and hob with an extractor above, down lighters and additional space for appliances. From here, the kitchen area opens onto the sitting room which flows beautifully onto the neat rear garden via the aforementioned French doors.


First floor
On the first floor, there are two spacious double rooms, both almost identical in size. The bedrooms are serviced by a nicely appointed bathroom, which has a modern suite comprising a pedestal washbasin, a low-level WC and a panelled bath with a shower above.


Outside
To the rear of the property is a newly landscaped rear garden, which is extremely neat and tidy. The garden comprises a paved patio giving way to a nicely laid lawn featuring a wooden shed at the far end. This private garden is enclosed by wooden panelled fencing and gated side access.


Services
The property has mains gas, mains electricity, mains water and mains drainage.
Council tax band – to be confirmed.

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:

1. Any structural or material issues arising from any survey that has not previously been disclosed
2. A defect in the seller’s legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown

The reservation 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 reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed. Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be payable on any subsequent reduced offer accepted by the vendor. This will be returnable subject to the conditions that prevail for all reservation fees.