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This modern end link house, situated in the sought after area of Greenbrook Drive, Houghton Le Spring, offers an excellent opportunity for buyers with a 50% shared ownership scheme. Perfect for first time buyers or those looking to step onto the property ladder, the home combines affordability with a host of desirable features.
The property boasts two generously sized double bedrooms, ideal for couples, small families, or professionals seeking additional space. Both rooms are well lit and provide ample space for storage, ensuring a practical yet comfortable living arrangement.
Upon entering the property, you are welcomed by an entrance hall which leads to the ground floor living space. This space is perfect for entertaining guests, relaxing after a long day, or enjoying cosy evenings. The open plan layout of the kitchen and living room allows for versatile furniture arrangements to suit your personal style. The kitchen offers a contemporary design, with sufficient counter space and storage solutions to cater to your culinary needs.
A particularly convenient feature is the spacious ground floor WC, adding an extra layer of practicality for day to day living. This complements the main family bathroom, which is situated on the upper floor and fitted with modern fixtures and fittings.
At the front of the property, a double driveway provides convenient off street parking for two vehicles perfect for households with multiple cars or visitors. To the rear, the enclosed garden presents a private outdoor space for relaxing, gardening, or outdoor dining during warmer months. The garden is easily maintainable, making it suitable for those with busy lifestyles.
Greenbrook Drive is a well regarded residential area, offering a blend of tranquillity and accessibility. Local amenities, schools, and transport links are within easy reach, making it a practical location for a variety of buyers. The shared ownership scheme allows prospective buyers to purchase a 50% share of the property, with the opportunity to staircase and increase your ownership share in the future.
This is a fantastic opportunity to acquire a modern home in a desirable area at an affordable price point. Viewing is highly recommended to fully appreciate the quality, space, and potential this property has to offer.
GROUND FLOOR
Entrance Lobby
Wc 1.70m x 1.50m
Living Room Kitchen 6.00m x 4.40m
FIRST FLOOR
Landing
Bedroom 1 4.40m x 2.90m
Bedroom 2 4.40m x 2.60m
Bathroom 2.10m x 2.00m
MATERIAL INFORMATION
The following information should be read and considered by any potential buyers prior to making a transactional decision
SHARED OWNERSHIP
50% payable as follows; £249.72 broken down Rent £196.86 Management Charge £5.83 Insurance Charge £33 Service Charge £14.03 reviewed annually on 1st April
STAIRCASING
The buyer can purchase more shares simultaneously. In 10% minimum branches, whilst purchasing the property.
PETS
Not permitted without written confirmation from the landlord. If permitted, a revocable pet licence will be required at a cost of £125 plus VAT. £150 inc VAT
BUYER ELIGIBILITY
Please note that all buyers must be pre screened to purchase this affordable home based on the following criteria;
Priority for affordable housing is given to members of the armed forces.
We consider a maximum of 2 applications at one time. Any other interested applicants should be held as a reserve.
Minimum deposit requirement 5 10% dependant on lender.
Maximum household income requirement is £80,000 This is based on all members of the household aged 18 and older whether they have joined the application or not.
Applicants that currently own a property must have a sale agreed on their current property before they can be considered.
Applicants must not currently own a home anywhere in the world unless a court order forces them to remain on the deed of a property where their children reside.
Applicants must be unable to afford to buy a property suitable for their family size on the open market.
The Shared Ownership property they are looking to buy must be their principle or only home and they may not sublet all or part of it.
Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.
Applicants who have indefinite leave to remain must be able to demonstrate that they are able to raise a mortgage with an acceptable lender.
TENURE
We have been informed by the vendors and Home Group that the property is Leasehold.
SERVICES
We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
WATER METER Yes
PARKING ARRANGEMENTS Driveway Street Parking
BROADBAND SPEED
The maximum speed for broadband in this area is shown by imputing the postcode at the following link here >
ELECTRIC CAR CHARGER No
MOBILE PHONE SIGNAL
No known issues at the property.
NORTHEAST OF ENGLAND EX MINING AREA
We operate in an ex mining area. This property may have been built on or near an ex mining site. Further information can will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material. There may be more information related to the sale of this property that can be made available to any potential buyer.
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Message agent
Available
For Sale
2 beds
End of Terrace
65 days on market
