High Catton Road, Stamford Bridge
Sold Subject to Contract
2 beds | 1 bath | 1 reception | £110,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Nestled in the heart of Stamford Bridge, this charming two-bedroom mid-terrace property presents an enticing opportunity for those seeking a comfortable and affordable home through a shared ownership scheme.
The accommodation briefly comprises of an entrance hall, spacious lounge diner, kitchen and rear entrance with downstairs WC. To the first floor lies two generous sized bedrooms both having benefit of fitted wardrobes. There is also a family bathroom with three piece suite. Externally, there are front and rear gardens and off road parking.
This property presents a rare opportunity to enter the property ladder through a shared ownership scheme, enabling you to own a percentage of the property while paying rent on the remaining share. With reduced upfront costs and manageable monthly payments, this scheme offers an affordable pathway to homeownership without compromising on quality or comfort.
Don't miss out on this fantastic opportunity to secure your slice of affordable homeownership. Contact us today to arrange a viewing and take the first step towards making this property your new home!
ENTRANCE HALL
Entered via side entrance door and window to front elevation.
Stairs to first floor accommodation and radiator.
SITTING ROOM/DINING ROOM 5.01m x 3.77m (16'5" x 12'4" )
Window to front elevation.
Under stairs cupboard and radiator.
KITCHEN 3.36m x 2.65m (11'0" x 8'8" )
Window to rear elevation.
Fitted with wall and base units, integrated oven and four ring gas hob with extractor fan over, one and a half stainless steel sink unit, space for fridge/freezer and washing machine.
Storage cupboard housing wall mounted Ideal boiler.
REAR ENTRANCE 1.79m x 1.41m (5'10" x 4'7" )
Personal door to rear elevation.
Radiator.
WC 1.51m x 1.00m (4'11" x 3'3" )
Fitted suite comprising low flush WC and pedestal hand basin.
Window to side elevation and radiator.
LANDING
Window to side elevation.
Access to loft and storage cupboard.
BEDROOM ONE 4.32m x 3.14m (14'2" x 10'3" )
Two windows to front elevation.
Fitted wardrobes, further storage cupboard and radiator.
BEDROOM TWO 3.66m x 2.65m (12'0" x 8'8" )
Window to rear elevation.
Fitted wardrobes and radiator.
BATHROOM 2.10m x 1.97m (6'10" x 6'5" )
Window to rear elevation, extractor fan and radiator.
Suite comprising low flush WC, pedestal hand basin, panelled bath with shower over.
ADDITIONAL INFORMATION
SERVICES
Mains Gas, Water, Electricity and Drainage. Telephone connection subject to renewal by British Telecom.
APPLIANCES
None of the above appliances have been tested by the Agent.
SHARED OWNERSHIP INFORMATION
The 50% share purchase price is £110,000. The share purchase price offered to you will be based on an assessment of what you can afford. If you buy a 50% share, the rent will be £149.18 a month (reviewed annually). The monthly payment to the landlord includes;- (Rent £149.18) (Service Charge £22.80) (Buildings Insurance £8.33) (Management Fee £13.83) TOTAL MONTHLY PAYMENT £194.14 (Reviewed Annually) If you buy a larger share, you'll pay less rent. You can buy up to 80% of your home.
Lease - The property was granted a 125 year lease from 28th November 2008.
Please contact the office for further information.
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 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. The financial assessment will be done by The Mortgage People.
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Ground Rent A recurring payment issued by the tenant to the landlord or property management firm. Read our glossary page
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Ground Rent Review Period When will your ground rent be assessed and how frequently will it be reviewed. Read our glossary page
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Annual Service Charge An estate's shared area expenses, such as building insurance, lighting, cleaning, and maintenance, are typically covered by a periodic payment that is commonly made on a yearly basis. Read our glossary page
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Length of Lease The duration of time you have acquired the leasehold, or the right to reside in a property. Read our glossary page
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