3 bedroom semi-detached house for sale

A beautifully presented three bedroom semi detached family home situated on a popular modern development on the outskirts of Wellington. The property is offered to the market through the shared ownership scheme and was built by Bovis Homes in 2021, benefiting from the remainder of its 10 year NHBC warranty.

The accommodation comprises in brief; front door opens into the entrance hall and in turn to the sitting room with ample space for all furnishings. An inner hall provides access to a cloakroom and under stair storage cupboard and opens into the kitchen/dining room with ample space for a dining table and chairs. The kitchen itself is fitted with a comprehensive range of wall and base units with an integrated oven and hob, space for appliances and French doors out to the garden.

to the first floor there are three bedrooms with both a family bathroom and an en-suite shower room to the master.

Externally, the property enjoys a generously proportioned rear garden predominantly laid to artificial lawn and a large area of patio, ideal for sitting out and entertaining. Off road parking can be found to the side of the property.

This property is offered to the market through the shared ownership scheme. The current full market value of the property is £290,000, an initial share between 50% and 80% is available for purchase. The advertised sale price of £145,000 reflects a 50% share, whilst the other 50% will be owned by Heylo Housing, to whom a monthly rent of £489.11 will be paid plus a lease management fee of £25.61 and buildings insurance of £13.84. An incoming purchaser will have the opportunity, once completion has taken place, to purchase further shares in the property, as and when they choose, until they own 100% of the property. The monthly rent will decrease as Heylo Housing's share decreases. The property is currently leasehold with a 999 year lease from 12th May 2022, however once 100% of the property is owned the property will become freehold. Please note this property has a Designated Protection Area Lease meaning that should the owner purchase 100% of the property, it will fall under the mandatory buy back scheme in which they must sell the property back to Heylo Housing should they wish to sell in the future.

In order to purchase this property, an application must be made to Heylo Housing via Wilkie May & Tuckwood. In order to qualify for a purchase you must be over 18 years old, have a gross household income of less than £80,000 per year and must meet the Homes England affordability and sustainability assessments. Buyers are expected to use any savings and assets towards the purchase of their home; buyers in receipt of benefits are eligible; self employed buyers must be able to provide 2 years evidence of income; buyers must purchase the maximum share they can reasonably afford; shared owners must be first time buyers or do not own another property or have a memorandum of sale for their existing property; buyers must have a good credit history; buyers must have a minimum 5% deposit; buyers may retain a portion of their savings to cover the costs of purchase and moving home (typically up to £5,000).  This information is correct as of 12th March 2024 but may be subject to change.

  

Council Tax Band: C
Tenure: Leasehold