Sold STC

Walter Nash Road East

Kidderminster

  • 3

  • 1

  • 1

  • Shared ownership
  • Affordable family home
  • Newly refurbished
  • Refitted kitchen
  • Dual aspect lounge
  • Refitted bathroom
  • External WC and storage rooms
  • Private rear garden
  • Driveway parking

Fixed price

896 sq. ft.

Tenant Info

01384 370 232

Please quote reference number JHE230262

A spacious newly refurbished three-bedroom home being sold on a part-buy, part-rent basis.
  • Shared ownership
  • Affordable family home
  • Newly refurbished
  • Refitted kitchen
  • Dual aspect lounge
  • Refitted bathroom
  • External WC and storage rooms
  • Private rear garden
  • Driveway parking

An exceptional opportunity presents itself with this affordable shared ownership property, strategically positioned on the edge of Birchen Coppice. Newly refurbished throughout, the property offers a driveway and a sizeable rear garden.

This property is being sold on a part-buy, part-rent basis, offering purchasers the flexibility to buy shares ranging from 50% to 75% at this stage, with the option to increase ownership later. This excellent and affordable housing scheme is provided by the Community Housing Group, making it ideal for first-time buyers or those with a limited budget aiming to step onto the property ladder. The flexible scheme allows owners to incrementally increase their shares up to 100% ownership after one year, with the rental amount decreasing proportionally. For instance, on a 50% shared basis, the monthly rent is £221.52, inclusive of buildings insurance and administrative fees.



Qualification Eligibility Criteria
Applicants are not eligible to join the Home Choice Plus housing register unless they met the qualifying criteria of an 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.

- 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.

- 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
- Household income is no more than £80,000
- Be registered on HomeChoice plus Housing Register. You can apply online
at https://www.homechoiceplus.org.uk/HouseholdRegistrationForm

Please note: A financial assessment will need to be undertaken by Louise Grant at The Financial Advice Centre before an application can be made. Applications are taken on a first come, first served basis and incomplete applications cannot be accepted.


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.

You also need to register on our housing register HomeChoice –
https://www.homechoiceplus.org.uk/HouseholdRegistrationForm

Once your HomeChoice 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 are registered on HomeChoice, you can then email the application with the supporting documents and the Income & Expenditure to: sales@communityhousing.co.uk

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

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



Driveway
A driveway for one car provides access to the property from the roadside, with potential for expansion if needed.

Entrance Hallway
Entering through the composite front door, you step into the newly refurbished interior of this home. The hallway features a window to the side aspect, stairs rising to the first floor with a storage cupboard underneath and doors opening to the living room and kitchen.

Living Room
The generously sized living room spans from the front to the back of the property, boasting dual aspect windows.

Kitchen
Recently refitted, the kitchen offers ample space and includes matching wall and base units, work surfaces with an inset sink drainer, provisions for appliances, a wall-mounted ‘Glow-Worm’ boiler, a window to the rear aspect and a glazed door leading to a side passageway.

Side Passageway
Accessible via a door from the front of the property, the covered side passageway leads to an outside WC and two convenient storage rooms.

First Floor
The landing features a window to the side aspect and doors opening to the bedrooms and bathroom.

Bedroom One
This spacious double bedroom features a fitted wardrobe and a window to the front aspect.

Bedroom Two
A generously sized double bedroom with a built-in cupboard and a window to the rear aspect.

Bedroom Three
The third bedroom is a comfortable single room, complete with an airing cupboard and a window to the front.

Bathroom
The recently refitted bathroom boasts grey tiling, a frosted window and a white suite comprising a panelled bath with shower above, pedestal washbasin and low-level WC.

Gardens and Grounds
The property benefits from a good-sized rear garden, offering ample outdoor space and enjoying a pleasant degree of privacy, with a backdrop of single-storey bungalows. The garden features a patio area, large lawn and panelled fenced boundaries.

Mains gas, electricity, water and drainage.

Council tax band A

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.