2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (105 years remaining)
- Low cost affordable housing unit with price capped at 75% but 100% ownership
- Two double bedrooms, top floor apartment
- Modern development close to Nailsworth
- Elevated position with views to savour
- Spacious and well proportioned accommodation
- Well presented
- Open-plan kitchen/living room
- Allocated off-road parking space
- Close to amenities, schooling, transport links and leisure spots
- 125 years lease from 1 January 2005 (Circa 106 years remaining at the time of listing)
Built in 2005, the accommodation is generous and well proportioned, to which the space provides the ability to move in with ease and comprises of: Entrance hall with useful storage cupboards, dual aspect open-plan kitchen/living room, two double bedrooms with views towards the surrounding valleys and a main bathroom complete with white suite. Externally, there is an allocated off-road parking space, and this home is situated close to: Various amenities, superb transport links, schooling and leisure spots, all of which can be found in Nailsworth itself or further out in the Cotswold market town of Stroud, situated just four miles away.
Property Information: Leasehold, 125 years lease from 1 January 2005 (Circa 106 years remaining at the time of listing), Management Company - CMG, Service charge is circa £1,200 PA (Includes building insurance).
* PLEASE NOTE - This apartment is classified as a low cost affordable housing unit. You will own 100% of the property but its price is capped at 75% of market value and you would have to re-sell it at 75% market value. You are unable to purchase this property as an investment - Please see below for further details *
Rooms
Low Cost Affordable Housing Unit
Highfield Drive is a Low Cost Affordable Housing Unit (discounted sale) and such units are subject to a s106 Legal Agreement that sets out a prescriptive sales process involving direction by the Council.
The terms of the Legal Agreement stipulate that no sale of the property can take place at more than 75% of the open market value and that the property should be purchased by a person(s) in housing need whose use of the property will be as their main and principal home. The associated s106 Legal Agreement describes a ‘person in housing need’ as:
• ‘A person whose housing needs are not met by the market and is unable to compete in the local housing market as a result of the relationship between his or her income level and the rents or prices of such housing’.
So, in essence this property is to be sold to a purchaser(s) who is unable to afford a full market price property sufficient for their needs on the open market without the discount.
The Council is required (truncated)
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*DISCLAIMER
Property reference STR240320. 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 The Property Centre - Stroud.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 3, 2022
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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 3, 2022
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 October 25, 2012 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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