2 bedroom semi-detached house for sale

Two double bedroom semi detached property located in the popular village of Everton. Available from £181,500 based on a minimum share of 55% with Grand Union. You will need a minimum 5% deposit. Everton is a small rural village approximately 2.2 miles from Sandy, which has a large selection of shops & mainline train station in to London. The village has a local pub, playing fields, park & Ofsted rated 'outstanding' Primary School. 

The property is offered in excellent decorative order & benefits from a dual aspect sitting room, fitted kitchen, downstairs cloakroom, two double bedrooms & family bathroom with fitted shower. Externally there are gardens to both the front & rear. In the rear garden there is a 'garden cabin' currently used as a home office. In addition there are 2 allocated parking spaces. 

 Composite entrance door with glazed panel opening into:

Reception Hallway

Stairs rising to the first floor, door to:

Sitting room - 4.98m x 3.15m (16'4" x 10'4")

Upvc double glazed windows to both front & side aspects, twin radiators, understairs storage cupboard, door to:

Kitchen / Breakfast Room - 5.33m x 3.43m (17'6" max x 11'3" max)

L shaped room, maximum measurements, Upvc double glazed windows to both side & rear aspects, part glazed door opening to the rear garden, fitted range of base & eye level units, work surface space, inset single bowl sink unit, built in electric oven with gas hob & stainless steel extractor over, space for upright fridge / freezer, cupboard housing gas fired combination boiler, radiator, door to:

Cloakroom

fitted two piece suite comprising low level Wc & pedestal wash hand basin, radiator.

First Floor Landing

Storage cupboard, loft access, radiator, doors off to:

Bedroom One - 4.09m x 2.74m (13'5" x 9'0")

Upvc double glazed window to the front aspect, radiator.

Bedroom Two - 4.11m x 3.07m (13'6" x 10'1" narrowing to 7'3")

Upvc double glazed windows to the rear & side aspects, radiator.

Family Bathroom

Upvc double glazed window to the side aspect, fitted three piece suite comprising low level Wc, vanity wash hand basin & bath with fitted shower, tiling to all splash areas, radiator.

Rear Garden

Large patio area with inset artificial lawn, enclosed by timber panel fencing, gated rear access to parking area, 'garden cabin' currently used as a home office, covered side area currently used as utility space & gym. 

Front Garden

Laid mainly to lawn with shrub bed, pathway to entrance door.

Allocated Parking Spaces

Set immediately to the rear of the property, two allocated parking spaces, additional visitor spaces. 

Agents Notes

The current rental proportion 45% is £244.76 month.

The monthly charges are £49.43. Which include building insurance & ground maintenance / lighting fees.

Total monthly fees £294.19 in addition to your mortgage repayments.

Pros of Shared Ownership
Shared Ownership allows you to get on the property ladder as an owner-occupier, offering long-term stability without overstretching yourself.
Deposits are generally lower than buying on the open market.
Shared Ownership makes mortgages more accessible, even if you’re on a lower wage.
Your monthly repayments can often work out cheaper than if you had an outright mortgage. The monthly payments are also generally lower than if you were to rent privately.
You have the option to buy more shares of your home in the future via a process known as ‘staircasing’. In most cases, purchasers can staircase all the way to 100%, in which case they are no longer required to pay any rent, just their mortgage along with any relevant service charges and ground rent.
You can sell the shares you own at any time.
It is not normally necessary to pay Stamp Duty land tax on an initial purchase.
As long as the rent is paid and mortgage repayments are made, you can live in the property for the duration of your lease – this is usually 99 or 125 years. Leaseholders may be able to organise an extension of their lease with the housing provider; we would recommend appointing a solicitor and surveyor with experience in this area.
 
Cons of Shared Ownership
Not all lenders offer mortgages for Shared Ownership, however the majority will.
You have to pay 100% of the ground rent and service charge on your property, however low your share is.
You will have to pay Stamp Duty on the whole value of the property when your owned share equals or exceeds 80%.
Shared Ownership properties are sold on a leasehold basis; leasehold ownership is a long tenancy where your lease will give you the right to occupy and use the home for a longer period. The term of the lease will be fixed at the very beginning, decreasing in length each year, and the home can be bought or sold during that time.
All apartments, regardless of tenure, will be sold on a leasehold basis. However, some houses can become freehold after staircasing to 100%; this would need to be agreed with the relevant housing provider.
While you’re free to decorate internally, there may be restrictions on what home improvements you can do. You may need to obtain permission from the relevant housing provider before you make any structural alterations to your home.