2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Shared ownership First Floor apartment for over 55's
- Apartment complex of similar properties
- Situated close to range of local amenities
- Living dining kitchen, shower room
- Two bedrooms
- Communal parking and landscaped gardens
- Electric heating. EPC: C
- Service charges apply
The Area
The Olsen Court building is no more than one hundred metres away and provides a very good range of amenities including, Post Office, Boots chemist, dentist, building society, a café/restaurant and yet more. There is a large Lidl supermarket on the opposite side of Outer Circle Road and just beyond off Wragby Road there is the city’s largest Tesco’s superstore. The famous uphill Lincoln Cathedral Quarter with the accompanying castle and its museums’, the Bailgate and historic Steep Hill shopping areas with their quaint boutiques, bistros and more; are but a short drive or bus ride away.
Leasehold Title Information
Lease Start Date: 23 Apr 2009 Lease End Date: 23 Apr 2134
Lease Term: 125 years from 23 April 2009
Lease Term Remaining: 110 years
Service Charges: £2791.36 (subject to change based on annual inflations/costs.)
The current Lease is a shared ownership: Leaseholder:80% LACE 20% of market value. This shall remain the same for a new Leaseholder
A purchasers eligibility application form has been provided to be issued to any genuine purchaser post a viewing and a formal expression of interest (offer). It is a very lengthy form, which may be somewhat daunting for some, although Lace Housing will provide a buyer with appropriate guidance.
The basic eligibility criteria is as follows:
• All residents must be aged 55yrs and over.
• Their financial circumstances must be as such, that they would not be able to afford similar property/services elsewhere in the local area.
• They must not own property elsewhere/any property they have, they must be actively selling.
• Lace Housing consider pets on a case by case basis, but do not allow outdoor cats nor dogs on above ground floor levels
Useful Lace Housing website link about Olsen Court for prospective purchasers to go to for more information:
Tenure: Leasehold
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Broadband availability and predicted speed: obtained from Ofcom on January 10, 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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 10, 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 November 30, 2021 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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