Belvedere Parade, Bridlington

SHARED OWNERSHIP PURCHASE FROM 25% TO 75%

This remarkable new build property is situated on the prestigious Belvedere Drive, right on Bridlington's seafront. It's available for purchase through shared ownership with the East Riding of Yorkshire Council. The house offers stunning sea and golf course views and includes an entrance hall, cloakroom, living room, and a dining kitchen on the ground floor. Upstairs, there are three spacious bedrooms and a family bathroom.

The property has a extensive front lawn with a block-paved pathway leading to the entrance. The rear garden is mainly grass with a paved patio area, and there's convenient access to two private parking spaces.

This property is an excellent opportunity for those looking for a modern home in a premium location with shared ownership as an option for affordable homeownership. Contact the council or the selling agent for more details and to schedule a viewing.

East Riding of Yorkshire Council - band TBC
Tenure - Leasehold
EPC Rating - B

THE ACCOMMODATION COMPRISES

ENTRANCE HALL
Grey composite front door leads into the entrance hall with stairs off to the first floor.

CLOAKROOM
Modern suite comprising of low level WC, corner sink unit with wet wall splashback and large chrome towel radiator. Wood effect vinyl flooring and extractor fan.

LIVING ROOM 2.94 x 4.98 x 5.14 (9'7" x 16'4" x 16'10")
A fantastic light and airy space with stunning views over the coastline and stairs off to the first floor.

DINING KITCHEN 3.70 x 4.13 x 5.15 (12'1" x 13'6" x 16'10")
Excellent range of light wall and floor units with complimentary worksurfaces and splashbacks incorporating a stainless steel sink unit, integrated oven, four ring gas hob with chimney extractor over, space for washing machine and fridge freezer. Large additional walk in pantry cupboard with power and light. Wood effect vinyl flooring, recessed spotlights to the ceiling and double patio doors opening into the rear garden.

FIRST FLOOR

LANDING
Hatch to loft space and large recessed storage cupboard.

MASTER BEDROOM 2.99 x 3.72 plus recess (9'9" x 12'2" plus recess)
Light and airy room with stunning views over the coastline, Juliette balcony and Tv point.

BEDROOM TWO 2.65 x 3.16 plus recess (8'8" x 10'4" plus recess)
Good sized double to the rear of the property with views over to the coast and golf course.

BEDROOM THREE 2.39 x 3.04 (7'10" x 9'11")
Generous room with views over to the golf course.

FAMILY BATHROOM 2.03 x 2.03 (6'7" x 6'7")
Contemporary suite comprising of moulded panelled bath with central tap and shower over, concealed WC and pedestal hand basin with soft touch light up mirror above. Wet walling to the walls, wood effect vinyl flooring, large chrome towel radiator, extractor fan and shaver point.

EXTERNAL
The generous frontage of the property is laid mainly to lawn with a paved pathway leading to the entrance door and a side access gate giving access to the rear of the property. The rear garden is laid mainly to lawn with a paved patio area adjacent to the property. Two good sized parking spaces are accessed via the side gate.

ADDITIONAL INFORMATION

SHARE PURCHASE PRICE AND EXAMPLES
The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 50% share, the share purchase price will be £162,500 and the rent will be £372.40 a month.
If you buy a larger share, you'll pay less rent. The table below shows further examples.

Share Share Purchase Price Monthly rent
25% £81,250 £558.59
30% £97,500 £521.35
40% £130,000 £446.88
50% £162,500 £372.40
60% £195,000 £297.92
70% £227,500 £223.44
75% £243,750 £186.20

The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.

MONTHLY PAYMENT TO LANDLORD
In addition to the rent above, the monthly payment to the landlord includes:

Service charge £5.69
Estate charge £0
Buildings insurance £10.41
Management fee £1.61
Reserve fund payment £0

Total monthly payment excluding rent £17.71

RESERVATION FEE
£200

You'll need to pay a reservation fee to secure your home.

When you pay the fee, no one else will be able to reserve the home.

The reservation fee secures the home for 90 days. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.

ELIGIBILITY
You can apply to buy the home if both of the following apply:

• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

• you're a first-time buyer
• you used to own a home but cannot afford to buy one now
• you're forming a new household - for example, after a relationship breakdown
• you're an existing shared owner, and you want to move
• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

LEASE TYPE
Shared Ownership House Lease

LEASE TERM
990 years

For more information, see section 2.5, 'Lease extensions', in the 'Key information about shared ownership' document.

TRANSFER OF FREEHOLD
990 years
For more information, see section 2.5, 'Lease extensions', in the 'Key information about shared ownership' document.

LANDLORD
East Riding of Yorkshire Council

County Hall
Cross Street
Beverley
East Riding of Yorkshire
HU17 9BA

Under a shared ownership lease, you pay for a percentage share of the market value of a home. You enter into a lease agreement with the landlord and agree to pay rent to the landlord on the remaining share.

LANDLORDS NOMINATION PERIOD
When you give the landlord notice that you intend to sell your share in your home, the landlord has 8 weeks to find a buyer. The landlord may offer to buy back your share, but only in exceptional circumstances and if they have funds
available. If they do not find a buyer within 8 weeks, you can sell your share yourself on the open market. For example, through an estate agent.

PETS
You can keep pets at the home.

SUBLETTING
You can rent out a room in the home, but you must live there at the same time.

You cannot sublet (rent out) your entire home unless you either:

• own a 100% share; or
• have your landlord's permission which they will only give in exceptional circumstances (see section 1.5 in 'Key information about shared ownership' document)

and

• have your mortgage lender's permission if you have a mortgage

SERVICES
Mains drainage, electricity and gas are connected the property.

APPLIANCES
No appliances have been tested by the agents.