2 bedroom bungalow for sale
Key information
Property description & features
- Tenure: Leasehold (65 years remaining)
- Good Size Modern Bungalow
- South Westerly Facing Back Garden
- Residents Parking
- Small Cul De Sac Development
- Close To Town Centre Amenities
- Johnnie Johnson Affordable Housing Scheme
- 50% Ownership With Additional Rent Payable
- Opportunity To Buy 75%
- Residents Must Be Aged 55 Years Or Over
- Further Details On Request
The property is available with no onward chain and is offered at an affordable purchase price on a 50% ownership basis. Buyers may increase the ownership share to a maximum of 75%, with a corresponding decrease in the rent payable. The Johnnie Johnson shared ownership scheme ensures future maintenance of the development. A modest monthly service charge is payable.
Purchasers must be 55 years and over, and lease details are available upon request.
Lumley Close is a small cul-de-sac development conveniently situated within walking distance of the range of shops and facilities in Chester le Street town centre. Chester le Street is an excellent commuter base with good road and public transport links to Durham City, Gateshead, Newcastle upon Tyne, and Sunderland. Chester le Street station is situated on the main East Coast railway line.
Ownership: 50% ownership (25% Johnnie Johnson, 25% Government)
Tenure: Leasehold
Term: 99 years from 1st January 1991
Owners can buy an additional 25% to own a maximum of 75%; rent payable would decrease accordingly.
Service charges are payable monthly in advance on 1st day of each month. Reviewed annually at the end of each accounting year ending 31st March
Rent is payable on 75% of the full market value of the property minus the share owned, so, in this case
75%-50%=25%.
Rent is payable monthly in advance on 1st day of each month
Rent reviewed annually on 1st April in line with the Retail Price Index
Further details of rent, ownership, and lease are available upon request.
Agents Notes:
Tenure: Leasehold
Term: 99 years from 1st January 1991
Council Tax Band: B
Mains Services: Gas, Electricity, Water (vendor advises supply is metered), Sewage
Broadband: Superfast fibre broadband is available in the postcode. BT, Virgin Media, and Sky satellite/fibre TV are also available.
Mobile Coverage: Major networks provide mobile coverage.
Flood Risk: Rivers & Seas – Very Low; Surface Water – Medium
Places of interest
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Property reference CLS240133. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by J W Wood Estate Agents - Chester-le-Street.
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Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on February 8, 2024 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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