John Allison Avenue, Holt

SUMMARY
** Shared Ownership Home ** A fantastic opportunity to purchase Plot 4, a BRAND NEW beautifully finished, 3 bedroom semi-detached house, benefiting from flooring throughout, parking for 2 vehicles & an enclosed lawned rear garden.


DESCRIPTION
Rare opportunity to purchase a brand new shared ownership semi detached house built by Hopkins Homes, on the popular Queens Meadow development. Plot 4 includes 3 bedrooms, off road parking to the rear for two cars, new carpets and vinyl fitted throughout.

Entrance Door  
Telephone point, carpet and radiator.

Cloakroom  
WC, wash hand basin, vinyl floor, radiator and double glazed window to the front.

Lounge  17' 4" x 17' 9" max ( 5.28m x 5.41m max )
Two radiators, carpet, under stairs cupboard, door and double glazed window to the rear.

Kitchen  10' 8" x 8' ( 3.25m x 2.44m )
Kitchen with wall and base units, built in oven, gas hob with hood,stainless steel sink with drainer, built in fridge/freezer, washing machine, wall mounted boiler, tiled floor and double glazed window to the front.

Landing  
Carpet, loft hatch and airing cupboard housing water tank.

Bedroom One  14' 4" x 10' 3" max ( 4.37m x 3.12m max )
Radiator, carpet and double glazed window to the front.

Bedroom Two 13' 8" x 10' 3" max ( 4.17m x 3.12m max )
Built in wardrobe, radiator, TV point, carpet and double glazed window to the rear.

Bedroom Three  9' 6" x 8' 5" ( 2.90m x 2.57m )
Radiator, carpet and double glazed window to the rear.

Bathroom  
Suite comprising of separate shower, panelled bath, WC, heated towel rail, wash hand basin, vinyl floor and double glazed window to the front.

Garden  
Fully enclosed with fencing, laid to lawn with shed and gate.

Shared Ownership 
Shared ownership is a scheme designed to help people get on the property ladder. It involves purchasing a share in a property and paying a subsidised rent on the remaining share.

Please note the listing price shown of £92,500 is a 25% share (total open market value being £370,000). This property can be purchased at a minimum share of 25%. Purchasers can staircase to 100% ownership at a later date (fees may apply). Rent will be payable on the remaining share. The % share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification. Rent is calculated at 2.75% of the remaining share. At a 25% share the rent will be £635.94 per month.

Eligibility 
Criteria for eligibility are based on the following points:

Your gross household income must be less than £80,000 per year
You must have funds available to cover legal/mortgage fees and a deposit
You do not own or have a mortgage on any other property
You meet the income criteria for the development/property you are interested in
Your income isn't sufficient to purchase a suitable property outright
If self-employed, you will need two 'years' audited accounts
Any County Court Judgment made against you has been satisfied
You must hold a British or EU passport, or your passport should be stamped with either 'indefinite right to 'enter' or 'right to 'abode'
Applicants whose income is severely restricted by childcare/maintenance payments
Applicants with considerable savings but low income

Priority will be given to:

Serving members of the British Armed Forces
First time buyers
Existing shared ownership owners

Agents Notes 
All measurements and floorplans shown and are approximate and given as a guide only.

Prior to your application being considered applicants will need to pass an affordability check. Once your application has been approved, you'll need to put down a £250 reservation fee to secure the property. This fee is refundable until the solicitors have been instructed.

You'll need to provide evidence of your income, savings, any credit agreements, loans and an Agreement in Principle from a bank, building society or mortgage adviser. You will also have to provide 2 forms of ID.

A monthly service charge of £60.25 is payable to Flagship (includes buildings insurance).

The actual postcode for this home will be: NR25 6FW.


DIRECTIONS
Please use SAT NAT POSTCODE NR25 6DQ to find the development.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE 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 BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.