1 bed Ground Flat / Apartment

Owen Knox Estates

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· Joined: Feb 19, 2011

£75,000

1 bed Ground Flat / Apartment

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1 bed Ground Flat / Apartment in Warrington CHS is a Flat

1 / 7

Price:

£75,000 Get Prequalified Today

Contact:

01925 768200

BR/BA:

1 BR, 1 BA

Location:

Warrington, Cheshire

Description:

* 1 Bed Coach House
* Allocated Parking Space
* Double Glazing
* Gas central heating
* Bosch washer/dryer
* Carpets & Blinds
* 75% Shared Equity

Details
PROPERTY DESCRIPTION
We are delighted to have been appointed sole agent for this 1 bedroom shared equity coach house. This is a rare opportunity for first time buyers to enjoy the benefits of home equity at an affordable price. Bryant has built these quality homes on the imaginative development in Lymm. Lymm is one of the most sought after residential areas in Cheshire and good connections to the M6 and M62 make it an ideal place to live for commuters to Warrington, Manchester, Liverpool and Chester. The village has excellent shopping and leisure facilities
The apartment is designed for contemporary living and low maintenance, combining an excellent specification with up to date styling and elegant finishing touches. The accommodation briefly comprises; entrance hall, stairs, small landing, lounge, range of kitchen units (including a Bosch washer/dryer), one bedroom and a shower room. The apartment has double-glazing and gas central heating. Each apartment has an allocated parking space. An early internal inspection is recommended.

ACCOMMODATION COMPRISES:

FRONT DOOR: Leading to:

HALLWAY: Radiator, stairs leading to:

LANDING: Fire Alarm, temperature control

LOUNGE/KITCHEN: 20' x 11' 4 (6.10m x 3.45m) Two radiators, 2 double glazed windows to front aspect, cupboard housing central heating boiler, aerial socket, two telephone points, doorbell box, fire alarm, range of kitchen units with Bosch washer/dryer, oven, hob & extractor, stainless steel 11/2 bowl sink unit with mixer taps.

BEDROOM 1: 12' 8 x 8' 5 (3.86m x 2.57m) Radiator, double glazed window to rear aspect, aerial socket, telephone point, loft access, built in wardrobe.

SHOWER ROOM: 9' 8 x 3' 10 (2.95m x 1.17m) Radiator, double glazed window to rear aspect, double width shower cubicle with glass effect folding doors, electric shower, white pedestal wash hand basin, white w/c, shaver point and extractor fan.

OUTSIDE: One Allocated Parking Space, understairs storage cupboard.
The apartment has carpets fitted and window blinds.

WHAT IS SHARED EQUITY?

SHARED EQUITY MEANS THAT THE PURCHASER ONLY PAYS 75% OF THE ASKING PRICE, AND THE LANDLORD PROVIDE AN INTEREST FREE LOAN FOR THE REMAINING 25%, YET YOU OWN 100% OF YOUR PROPERTY. THERE IS NO RENT TO PAY ON THE LOAN BUT IF YOU STILL OWN THE PROPERTY ON THE 10TH ANNIVERSARY, THE LANDLORD WILL BE ENTITLED TO CHARGE INTEREST ON THE LOAN AT 1.75% OF THE REMAINING PERCENTAGE, PER ANNUM FROM THAT DATE.
ALTHOUGH YOU CAN REPAY THE LOAN AT ANY TIME, IN THE MAJORITY OF CIRCUMSTANCES, THE PURCHASER WILL REPAY THE LOAN WHEN HE OR SHE COMES TO SELL THE PROPERTY IN THE FUTURE. AT THAT POINT, THE LANDLORD WILL BE PAID 25% OF THE SALE PRICE OF THE PROPERTY. REPAYMENT OF ALL OR PART OF THE LOAN WILL ALWAYS BE BASED ON THE VALUATION OF THE PROPERTY AT THE TIME THAT THE REPAYMENT IS MADE.

DO YOU QUALIFY TO PURCHASE ONE OF THESE PROPERTIES?

TO QUALIFY TO PURCHASE ONE OF THESE PROPERTIES APPLICANTS:

1.MUST BE ABLE TO PROCEED IMMEDIATELY.
2.LIVE OR WORK IN THE BOROUGH OF WARRINGTON.
3.BE ABLE TO AFFORD A MORTGAGE AND SERVICE CHARGE PAYMENT, BUT MUST NOT HAVE INDIVIDUAL INCOMES IN EXCESS OF 40,000PA (IN THE CASE OF JOINT PURCHASERS HOUSEHOLD INCOME MUST NOT EXCEED 40,000PA)
4.MUST NOT OWN ANY OTHER PROPERTIES.

Terms of Purchase (Subject to Contract)

The Terms of Purchase should be considered before deciding to proceed with a shared ownership property purchase at Sandmoor Place, Lymm, Warrington, WA13 0LQ. or Newarth Drive, Lymm, Warrington, WA13 0LH
Contact Owen Knox Estates, the selling agent, to discuss your requirements and also to receive a Sales Brochure on the development.
1.Having read the Sales Brochure and considered the purchase you should make an appointment with our Culcheth Office to discuss your requirements.
2.Once you have chosen a property that is available to purchase, subject to contract, we will put you in touch with an Independent Financial Advisor who will assess whether you are able to afford the mortgage payments and service charge.
3.When you are in a ready and able position to purchase a shared ownership home (assessment by the selling agent) and the property you have chosen is available, you must pay a non-refundable reservation fee of 250.00 to reserve your chosen property, subject to contract.
4.Once you have reserved a property you must be in a position to exchange contracts within 28 days.
5.If you require a mortgage to assist your purchase, you are advised to receive a mortgage offer before you exchange contracts.
The above Terms of Purchase are for guidance only and do not form any part of a contract.

Send, or give, a cheque to Owen Knox Estates for 250.00 made payable to Outlook Homes, and arrange an appointment (Tel; 01925768200) to visit our offices to complete the application form.

As well as a completed application the following will be required

1.Recent payslips (if paid monthly x 4 - if paid weekly x 6)
2.Driving licence or passport with photographic identification
3.If a homeowner or renting a property then a recent council tax bill.
4.P60 with national insurance number
5.If you receive child benefit/tax credit/family credit or any other benefits or income then please provide a letter to confirm amount being received or provide a bank statement to show the amount going in.
6.If you have savings please provide copy of statements/bank books
7.Letter from employer confirming your employment is permanent or on contract, and confirmation of salary and any benefits / bonus scheme
8.Solicitor's details
9.Mortgage certificate / confirmation of mortgage agreed.

SERVICE CHARGE: 245.49 per annum.

TENURE: - To be advised.
POST CODE: WA13 0BN

DIRECTIONS: From Warburton Bridge carry straight on for about half a mile, turn right onto A6144 Bent lane, follow this lane for 0.2 miles and turn left onto B5159 Mill Lane for 0.7 miles. Turn right onto Stage Lane before bearing left onto Oughtrington Crescent. Follow this road for half a mile and take a right onto Longbutt Lane where the Seasons development can be found.
Alternately, coming from Lymm Dam, carry straight on along Church Road going past The Church Green Pub on you right. Continue along this road, which becomes higher lane. Turn left into Oughtrington Lane and continue along for 0.2 miles. Turn left into Longbutt Lane where the Seasons development can be found.

VIEWING ARRANGEMENTS - Strictly by appointment with our Culcheth Office - 01925 768 200 and Worsley office - 0161-794 7272.
Opening hours for our Culcheth Office: 9.30am to 5.30pm weekdays and 10.00am to 4.00pm Saturdays
Opening hours for our Worsley office: 9am to 6pm weekdays and 10.00am to 4.00pm Saturdays

WARNING
The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order.
Please note that all measurements are approximate and should not be relied upon if considering carpets, curtains, along with any other fixtures and fittings
While we endeavour to make our property details accurate and reliable, if there is any point, which is of particular interest to you, please contact the office and we will be pleased to check the information. Do so if contemplating travelling some distance to view the property.

Property Type:

Condos, Townhouses & Apts for Sale

Amenities:

Parking, Washer Dryer

For sale by:

Agent/Broker

Phone:

01925 768200

Posted:

July 8 2011 on Facebook

Contact:

01925 768200