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" *SHARED OWNERSHIP* *ASKING PRICE REPRESENTS A 40% SHARE* We are delighted to offer for sale this modern, semi detached property on the edge of Rushden, providing fantastic road links and all local amenities within walking distance. The property benefits from two double bedrooms, family bathroom, kitchen, living room and ground floor cloakroom WC. Externally, you will find a fully enclosed rear garden and off road parking for two vehicles. This property is ideal for anyone looking to get themselves on to the property ladder and an immediate viewing is advised, as shared ownership properties within this area are seldom available for sale. NO ONWARD CHAIN. Buy to live in purchasers only.

Asking price represents a 40% share. The full asking price for the property is £200,000

You will own a 40% share with opportunity to staircase up to own a higher percentage of the property if so required,

The other 60% is owned by PA Housing and is subject to rent payable, currently at £222.46 per month.

The management and service charge, including buildings insurance are £13.64 per week, for 48 weeks of the year, also paid by our vendor clients.

The property is leasehold, the lease being 99 years from 1 4 2013.

The aforementioned information will obviously need to be clarified by any potential purchasers solicitor or conveyancer before a legal exchange of contracts.

Before any purchase can proceed, PA Housing Association will verify the position and credibility of any prospective purchaser.

Location Situated off Victoria Road and Rectory Road. The property is identified by our ‘For Sale‘ board. Viewings should be made via ourselves the Sole Selling Agents on .

Council Tax Band B

Energy Rating Energy Efficiency Rating C80

Certificate number 8507 9057 0002 1601 9706

Shared Ownership, Asking Price & Leasehold Info The % share being advertised for sale is 40%. This share is marketed for £81,000. The other 60% share is owned by PA Housing. The 100% value for this property would be £202,500. This is the value that a Mortgage Lender Surveyor would look at, and then work out any % being bought, which in this case is 40%.

Before any purchase can proceed, PA Housing will verify the position and credibility of any prospective purchaser.

PA Housing would need the following to approve a buyer

Complete and return a PA Housing Shared Ownership application form.
Complete an initial affordability assessment and then a full sign off with an Independent Financial Advisor potential buyer to contact TMP .
Buyer is not required to use the IFA as their mortgage broker but will need to provide proof of mortgage for full sign off. This sign off can take around 2 3 weeks.

Please note, the PA Housing allocations team would review all applications and select the applicant s based on those with the highest housing need.

As the property is being bought as a shared ownership property, the property is leasehold, and the remaining 60% share is owned by PA Housing. There are figures payable per calendar month on this share of the following

Rent £222.24 pcm.
Service charge £11.99pcm.
Management Fee £6.25pcm.

Total per calendar month £240.48

We are advised by our Vendor client the property is offered on a 99 year Lease from 1st April 2013 and therefore there are approximately 88 years remaining on the Lease.

You can buy further shares in your property this is called staircasing . Further shares are usually purchased in tranches of a minimum of 10%, up to a total 100% share.
If you decide to buy a further share in your property, PA Housing will arrange for your home to be valued by an independent
surveyor who is registered with the Royal Institute of Chartered Surveyors RICS . You will have to pay for the valuation and cover any administration charges and VAT.
The value of the property is fixed by the independent surveyor to make sure it s a fair price.
The Purchasing Additional Shares in Your Home guide is available to download at
sales.pahousing.co.uk

All of the above information will naturally need to be clarified by any potential purchaser‘s Solicitors Conveyancers before committing to a legal purchase.

Rent Payable Rent payable to PA housing is £222.24 pcm.

Service Charge Payable Service charge payable to PA housing is £11.99pcm.

Management Fee Payable Management Fee Payable to PA housing is £6.25pcm.

Accommodation

Ground Floor

Hall

Living Room 4.87m x 3.31m 16‘0 x 10‘10 Maximum measurement.

Kitchen 2.89m x 3.24m 9‘6 x 10‘8 Maximum measurement.
Electric oven. Gas hob. Extractor. Gas fired Baxi boiler.

Inner Hall Useful storage cupboard.

Ground Floor Cloakroom Wc

First Floor

Landing Useful storage cupboard electric heater.

Bedroom 1 3.08m x 3.32m 10‘1 x 10‘11 Minimum measurement, plus recess, plus door recess.

Bedroom 2 4.70m x 2.30m 15‘5 x 7‘7 Maximum measurement. Loft access via loft ladder.

Bathroom Wc

Outside

Front Corner plot. Side gate into rear garden.

Off Road Parking To the fore of the property for two vehicles.

Rear Garden Fully enclosed.
Garden shed.

Agents Note If you make arrangements to view and or offer on this property, Mike Neville Estate Agents will request certain personal and contact information from you in order to provide our most efficient and professional service to both you and our vendor client.

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Money Laundering Regulations 2017 We are required to obtain proof of identity and proof of address, as well as evidence of funds and source of deposit, on or before the date that a proposed purchaser s offer is accepted by the vendor seller .

Floorplans Floor plans are for identification purposes only and not to scale. All measurements are approximate. Wall thickness, door and window sizes are approximate. Prospective purchasers are strongly advised to check all measurements prior to purchase.

Disclaimer Mike Neville Estate Agents for themselves and the Vendors Lessors of this property, give notice that a these particulars are produced in good faith as a general guide only and do not constitute or form part of a contract b no person in the employment of Mike Neville has authority to give or make any representation or warranty whatsoever in relation to the property. Any appliances mentioned have not been tested by ourselves.

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