1 bedroom terraced house for sale

Brackyn Road is a small cul-de-sac of modern houses and apartments conveniently situated off Coleridge Road in the popular Romsey Town area on the south side of the city, close to restaurants, cafés and independent shops on Mill Road and cinema and leisure facilities on Cherry Hinton Road/ Hills Road corner. The property is within easy walking distance of Cambridge Railway station

This gallery style house is one of a row of five similar properties quietly situated at the ends of the cul-de-sac. The accommodation has been upgraded and improved since the current owner moved in and comprises a living area with vaulted ceiling, a dining area and fitted kitchen on the ground floor and a bathroom and galleried bedroom on the first floor.

The property is offered with a 50% share at £177,500 for a leasehold interest, with the freehold being retained by Orbit housing. We understand that any buyer should be able to staircase and purchase 100% of the property outright if desired. There is a monthly rent payable to orbit of £294.25 which includes building insurance.

Information for potential purchasers;-

Before proceeding with a potential buyer’s offer, they will need to have completed the online eligibility checker on the Government Website:
• The household earns £80,000 a year or less (or £90,000 a year or less in London)
• They are first-time buyers (or used to own a home but cannot afford to buy one now. Existing shared owners are required to have disposed of their existing shared ownership home at the
point of purchase.)
• They are aware that shared ownership properties cannot be sub-let and must be the
leaseholder’s primary residence.
The purchaser will be required to complete an Orbit application form and we will also require satisfactory evidence from their Independent Financial Advisor that they have seen and approved their proof of ID, payslips, savings and Mortgage Certificate. When an offer is accepted, please contact us so this can be actioned. The buyer will also need to provide a copy of their mortgage offer (if applicable), which, under the terms of the lease must be approved by the Association. If you provide financial advice to the purchaser you may also wish to see a copy of our mortgage approval criteria, which is available on request. As part of our approval process, we will have to be satisfied that the purchaser complies to the Homes England affordability assessment. Based on the share price we estimate a minimum household income of £37,990 is required to afford to purchase the share and meet the rent obligations of this particular home. The purchaser may require a higher income if they have other monthly commitments such as a loan or a lower
income if they are able to put down a lump sum to help fund the purchase.
It may be possible for someone to purchase 100% of the property but an additional staircasing process will have to be completed simultaneously by your client and this may incur additional legal costs.
If you require any further information in respect of this sale, please contact:
Homeownership Officer on[use Contact Agent Button] or [use Contact Agent Button]

Ground Floor

with part glazed upvc doors to

Porch

with window to side, built in shelved cupboard with gas and electric meters, lighting, coat hooks, part glazed door to

Sitting room
4.34 m x 3.68 m (14'3" x 12'1")

with window to front, impressive pine tongue and groove vaulted ceiling, radiator, sky/phone/broadband media points, wall and pendant light points, brick wall with aperture to kitchen.

Kitchen/dining room
4.33 m x 3.26 m (14'2" x 10'8")

part glazed door and window to rear, radiator, good range of fitted wall and base units with two large pan drawers, with roll top work surfaces and tiled splashbacks, space for electric cooker with splashbacks behind, utility rail, stainless steel sink unit and drainer, space and plumbing for washing machine, under unit lighting, space for fridge/freezer, ceramic tiled flooring, wall mounted Worcester Bosch 240 gas combination boiler.

First Floor

Landing area

with built in shelved cupboard, galleried to sitting room and opening onto the

Bedroom
3.31 m x 2.26 m (10'10" x 7'5")

with window to rear, loft access hatch, built in wardrobes with mirror fronted sliding doors, galleried to sitting room.

Bathroom

with window to rear, panelled bath with fully tiled surround, mixer taps and shower attachment, vanity wash handbasin, wc, wall mounted mirror fronted cabinet.

Outside

Small, open plan, North West facing garden area to front and allocated parking bay. Enclosed rear garden with lawned area adjacent to the rear of the property leading onto a paved area with aluminium stone shed, outside tap, rear pedestrian gate to parking area with one allocated parking space.

Services

All mains services.

Tenure

The property is held on a lease of 125 years from 1994, 95 years remaining. There is a monthly rent payable to Orbit of £294.25 which includes building insurance.

Council tax

Band A

Viewing

By arrangement with Pocock & Shaw