Sold STC

Layamon Walk

Stourport-on-Severn

  • 2

  • 1

  • 1

  • Newly refurbished family home
  • Shared ownership
  • Established location
  • Large corner plot
  • Refitted kitchen and bathroom
  • Two double bedrooms
  • Private rear garden
  • Extensive driveway parking

Fixed price

802 sq. ft.

Tenant Info
Email the team

01384 370 232

Please quote reference number JHE230261

A newly refurbished traditional home is being offered for sale on an affordable part-buy, part-rent basis. It is nicely situated on a large corner plot with an extensive driveway and a long rear garden. This presents an excellent opportunity to acquire an affordable shared ownership property located on the outskirts of Stourport.
  • Newly refurbished family home
  • Shared ownership
  • Established location
  • Large corner plot
  • Refitted kitchen and bathroom
  • Two double bedrooms
  • Private rear garden
  • Extensive driveway parking

This property is being sold on a part-buy, part-rent basis, with purchasers having the option at this stage to purchase anywhere from 50-75% shares and the option to buy more later. 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 £232.98 which includes buildings insurance and administrative fees. Below is information pertaining to eligibility and how to apply.


Qualification Eligibility Criteria
Applicants are not eligible to join the Home Choice Plus housing register unless they met the qualifying criteria of a close association outlined below;

In determining whether the household has a close association we will agree a connection exists in the following circumstances;
- Where the local connection arises due to residency the applicant(s) must have lived in the partnership area (by choice) for a minimum period of two years.
- Where the applicant(s) meets any of the statutory homelessness definitions included in the allocations policy.
- Where the local connection arises due to employment and the applicant(s) have been in permanent, paid employment for a minimum period of six months, within one of the Local Authority areas included in the Partnership, immediately prior to the application (please see further information below).
- Where the applicant(s) has a close (immediate) family member living in the HC+ partnership area and has done so for a minimum period of five years, immediately prior to the application (please see further information below).
- Where the applicant has resided in the Partnership area for three out of the last five years at the point of application.


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 HomeChoice plus Housing Register. You can apply online at https://www.homechoiceplus.org.uk/HouseholdRegistrationForm

How to apply
To apply for this property, you need to complete an application form and an income and expenditure statement.

You need to provide documents to support your application, please use the checklist to ensure you have provided everything that is applicable.

Be registered on HomeChoice plus Housing Register. You can apply online at https://www.homechoiceplus.org.uk/HouseholdRegistrationForm

Once the above is completed, email your supporting documents to:
sales@communityhousing.co.uk

The Community Housing Group will then assess your application. This normally takes around a week.


Description
Approached from the roadside, the property features an extensive gravelled driveway.

Hallway
Upon entering this newly decorated and refurbished home, one steps into an entrance hallway. Here, you will find a window to the side aspect and stairs leading to the first floor with storage space underneath. Additionally, doors open to the living room and kitchen.

Living room
The light and spacious living room boasts a window to the front aspect.

Kitchen
A newly refitted kitchen includes matching wall and base units, work surfaces with an inset sink and drainer and space for appliances. Two windows offer views of the rear garden and a useful pantry with a window leads to a lobby and outbuildings at the side.

Beyond the rear lobby lies access to the rear garden and several beneficial outbuildings, including a WC, a storage room and a former coal hole ideal for use as a utility or additional storage purposes.


First floor
Ascending to the first-floor landing reveals a loft hatch accessing the roof space and doors leading to the bedrooms and bathroom.

Bedroom one, a generously sized double room, benefits from abundant natural light via two windows.

There is a second double bedroom, which is spacious and features a built-in cupboard housing an 'Ideal' boiler.

The newly refitted bathroom encompasses light grey tiling, an obscure-glazed window and a white suite comprising a panelled bath with shower over, a pedestal washbasin and a low-level WC.


Garden
Completing this offering is a lengthy, family-friendly rear garden that ensures a pleasant degree of privacy. The garden comprises a paved patio, panelled fenced boundaries and a long lawn with a wooden shed positioned at the far end.

Mains gas electricity, water and drainage.

Council tax band B

Reservation Fee - refundable on exchange

A reservation 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 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 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 reservation 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 reservation 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 reservation fees outlined above.