Tenure: LeaseholdBelvoir are delighted to present an opportunity to purchase this THREE BEDROOM mid terrace house on the popular shared ownership scheme in the english market town of RAMSEY.Advertised price based is on a 45% share. EPC rating: B. Council tax band: B, Tenure: Leasehold,About the Area - RamseyRamsey is situated 11 miles north of Huntingdon and only a short 30-minute drive to the city of Peterborough which is home to beautiful historical architecture, hospital and shopping center. A local superstore and post office are a few of the local amenities which are available in Ramsey. There is a Dentist, medical center and veterinarian within the town. Ramsey also has an infant and junior school along with a college meaning that Ramsey is the perfect place to raise a family.ABOUT THE PROPERTYEntrance HallThe entrance hall to this property welcomes you with access to the Kitchen, Living room, as well as stairs to the first floor and W/C.KitchenFitted with a matching modern range of base and eye level units, the kitchen area boasts hob, oven, sink with tap over and window to the front aspect.Living RoomThe open space of the living room provides a great area for seating and additional storage if needed, fitted with window overlooking the rear garden and secure door which provides access to the garden.W/CThe downstairs W/C comprises of 2 piece suite including toilet and hand wash basin.Stairs to First FloorBedroom 1Bedroom 1 boasts space for a bed, space for freestanding furniture if needed and window to the rear of the property. This room further benefits;Ensuite Shower RoomThe ensite comprises of toilet, hand wash basin and shower.Bedroom 2The second bedroom benefits from space for a bed, space for freestanding furniture and window to the front of the property.Bedroom 3Bedroom three contains space for free standing wardrobes, space for bed, and window to the rear aspect of the property overlooking the garden.Family BathroomThe family bathroom comprises of three piece suite including, bath, hand wash basin and toilet with frosted window to the front aspect.Outside the PropertyThis property benefits from an enclosed rear garden which is mainly laid with lawn but also provides patio area for outdoor seating.To the front of the property you have a small well maintained garden area and allocated parking for 2 vehicles.Shared OwnershipOn the popular shared ownership scheme you are able to purchase a share of the house and then pay the housing Association (Longhurst Group) rent on the remaining share which has not been purchased. There is then the option to purchase further shares until you own 100% in the future, this is a process called staircasing.To qualify for Shared Ownership, you must meet the following criteria:
- Your annual gross household income is less than £80,000
- Unable to purchase a suitable property for your housing needs on the open market.If your application is successful a reservation fee of £250 is required securing the property to the accepted applicant for a period of 8 weeks.Within this timeframe all accepted applicants are required to be in a position to, and where possible, exchange on the property.Shared breakdownPrice advertised is based on a 45% share.
Full property value = £260,000Belvoir have been informed there is a 990 year lease on this property starting on completionBelvoir have been informed the rental charges for this property based on a 45% share purchase, total to £366.66. This figure includes buildings insurance, management and service charges and is reviewed every April.
This payment will need to be paid in addition to monthly mortgage payments where applicable.Belvoir and Longhurst DisclaimerThese particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective purchasers. Belvoir Peterborough, its employees and its agents are not authorised to make or give any representation or warranty whatsoever in relation to this property. All information included, descriptions, images used and sales floor plans are for illustration purposes only. The developer reserves the right to omit, add or otherwise alter the property, its specification or its exact location on site at any time prior to exchange of legal contracts without notice.