2 bedroom apartment for sale

A 2 bedroom 1st floor apartment for sale with 50% shared ownership. The property offers spacious accommodation throughout and comes with the advantage of an allocated parking space. EPC TBA *This Property is Subject to a Local Eligibility Criteria*

Communal Entrance Hall
Entrance from the front of the building opens into a communal entrance hall with stairs leading to all apartments.

Apartment Hallway
Hallway with fitted carpet with doors leading to all rooms.

Living Room - 16' 2'' x 10' 0'' (4.92m x 3.05m)
Spacious living room with a large window overlooking the front of the property. The room then opens into:

Kitchen - 10' 8'' x 8' 3'' (3.25m x 2.51m)
A good size kitchen with a range of grey fitted units at both base and eye level with space for a fridge/freezer, plumbing for a washing machine together with space for a single oven. There is space for a dining room table.

Bedroom 1 - 9' 8'' x 9' 1'' (2.94m x 2.77m)
Located at the rear of the property.

Bedroom 2 - 13' 4'' x 9' 0'' (4.06m x 2.74m)
Located at the rear of the property with a useful storage cupboard and another cupboard housing the gas fired boiler.

Bathroom - 5' 11'' x 5' 7'' (1.80m x 1.70m)
A 3 piece bathroom suite comprising of a Low Level WC, Wash Basin and Panel Bath with shower over.

Outside
To the rear of the property is a communal garden. Opposite the property is an allocated parking space.

Shared Ownership
The 100% value of the property is £155,000 with the property coming to the market with 50% share - £77,500. The remaining share is owned by LiveWest and there is a monthly rent of £165.36 payable to Livewest for this shareThe property is being offered on the open market with the remainder of a 99 year lease that was issued on 1st January 2006. There is a monthly cost of £72.63 for the Service Charge and a monthly cost of £12.60 for the Building Insurance. Total month charges including the rent is £250.59.Any interested purchasers must be assessed for affordability by Livewest.

Tenure
The remainder of a 99 year lease that was issued on 1st January 2006. 81 Years currently remaining.

Local Connection
This property has a Local Connection Criteria that only enables buyers to be from the Parish of Bideford and by the following ways.• Living for a continuous period of five years immediately prior to being offered the Affordable Dwelling; or• Living for a continuous period of five years within the last ten years prior to being offered the Affordable Dwelling; or• One or both parents or guardians have lived in the parish for a minimum of ten years prior to being offered the Affordable dwelling; or• Working for a continuous period of five years immediately prior to being offered the Affordable Dwelling: or• Working for a continuous period of five years immediately prior to being offered the Affordable Dwelling: or• A key worker under a scheme approved by the Council.This information has been taken from the Section 106 Agreement which is a planning condition.

Eligibility
You can apply to buy the home if both of the following apply:• your household income is £80,000 or less• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needsOne of the following must also be true:• you're a first-time buyer• you used to own a home but cannot afford to buy one now• you're forming a new household - for example, after a relationship breakdown• you're an existing shared owner, and you want to move• you own a home and want to move but cannot afford to buy a new home for your needsIf you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.If there is a local connection criteria, it will be attached to the how to apply email.

Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 81
Service Charge: £871.56 per year
Shared Ownership (%): 50%
Shared Ownership (Rent): £165.36 per month