***SHARED OWNERSHIP PROPERTY WITH A 75% SHARE - 3D SHOWCASE TOUR AVAILABLE***
Set moments from Portland Marina and the array of eateries and amenities Fortuneswell has to offer is this light and airy, ONE BEDROOM, SHARED OWNERSHIP apartment - OFERED FOR SALE WITH A 75% SHARE, ALLOCATED PARKING and a pleasant outlook over GREENSPACE.
The accommodation comprises an initial communal entrance hallway, with stairs ascending to the first floor. A communal hallway then leads to the private entrance door of the apartment. Upon entry, you are met with a spacious hallway, offering ample place to store shoes and coats, and boasts a sizeable airing cupboard in additional to providing access through the property.
The reception space consists of a sizeable open plan Lounge/Kitchen Diner with two large windows of a westerly aspect allowing for plenty of natural light to flood in. The kitchen offers a range of light grey wall and base level units with oak effect counter tops and upstands, in addition to chrome hardware and benefits from integrated fridge freezer, electric oven, inset hob, extractor fan and washer dryer.
Positioned to the rear of the property is an expansive double bedroom with a further two westerly aspect windows, the space currently hosts a double bed, cot, large double wardrobe and several sets of drawers.
Completing the property is a freshly painted bathroom with panel enclosed bath with shower over, pedestal basin and WC.
Our client currently owns 75% of the apartment, and with a monthly rent and service charge payable of £241. There is flexibility to own from 75% to 100% of the property so, a GREAT FIRST TIME PURCHASE opportunity!
Open Plan Living Room Kitchen (4.45 x 5.42)
Bedroom (5.9 x 3.4 narrowing to 2)
Bathroom (1.95 x 2.15)
Additional information
The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.
Property type: Apartment
Property construction: Standard
Mains Electricity
Mains Water & Sewage: Supplied by Wessex Water
Heating Type: Electric
Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
checker.ofcom.org.uk/
Lease and Maintenance
The vendor has advised us the property has a 125 year lease from 2019, with approximately 119 years remaining and that they pay £241 per month to include rent on the remaining 25% share & service charge.
Criteria for Shared Ownership
To qualify for shared ownership, please read below criteria, outlined by Places for People .
o Council tenants and housing association tenants.
o Those who can avoid the need for social tenancies, for example those on housing waiting lists and considered by Local Authorities to be in priority housing need
o Those that will address housing problems in local and regional housing markets, for example key workers and then other first time buyers
o We will consider applications from people who have previously owned their own home if they:
- previously owned a home with a partner and that relationship broke ? down.
- need to move into an area because of their job and are unable to afford to buy outright.
- are shared owners whose income has fallen and they could only stay as home owners by moving to a smaller, cheaper home.
- are shared owners whose family has grown but who are still unable to afford to buy outright.
AND the applicant must meet all of the following criteria:
o In the opinion of Places for People can afford to purchase the property and sustain ongoing housing costs.
o Have savings or access to funds that will cover the initial costs of buying, such as mortgage product fee; legal fees; survey and valuation fees; deposit on exchange of contract; and stamp duty.
o Be in permanent or fixed term employment.
o Aged 18 or over.
o Have a bank account
o Have a maximum annual income of £80,000 (or, in London £90,000).
Disclaimer
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of
representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
