Local Market Connection Property which has now expired - Brand new one bedroom end terraced bungalow which is a fixed equity plot (see below for selling criteria) and offered for sale at 70% of the market value Discounted asking price £157,500. kitchen/dining/family area, bedroom, bathroom, gardens, parking.
- Development of just 9 properties
- Brand new one bedroom end terrace bungalow
- Fixed equity plot at 70% of the market price for 100% of property.
- Open plan kitchen dining family room
- Allocated Parking
- Located on a private estate/road
- Local Market Connection Property - now expired
LOCAL MARKET CONNECTION (NOW EXPIRED) Which has now expired. See agent for further details.
THE WELFORD The Welford is a one bedroom end terraced Fixed Equity property comprising open plan kitchen dining family room, bedroom, bathroom, garden and allocated parking.
SECTION 106 LEGAL AGREEMENT The property is subject to a Section 106 Legal agreement. This agreement requires that the property is sold to a person/s who can evidence that they could not afford to purchase a property suitable to their needs on the open market.
It also requires that a prospective purchaser has a local connection to the area. The Section 106 sets out the local connection criteria as follows:
"Local Connection" means a connection with the Parish which meets one of the following criteria
i. Residence – the applicant has lived in the Parish by choice for a certain time (for six months out of the last twelve months or for three years out of the last five years); or
ii. Family – the applicant has close family living in the Parish, who have been permanently resident in the Parish for at least the previous five years. Close family is specifically Mother, Father, Brother Sister, Adult Son or Adult Daughter; or
iii. Employment – the applicant has permanent paid employment in the Parish
iv. Other – the applicant has a local connection to the Parish as a result of special circumstances (subject to the approval by the Council's Deputy Chief Executive)
"The Parish" is Harvington.
Price shown is 70% of the market value (£225,000)
This property is being sold at 70% of the open market value. The Section 106 Legal agreement requires that on any subsequent sales, the property is to be sold at 70% of the open market to a 'Qualifying Person' i.e. a Person who can evidence that their housing needs are not met by the open market and who fulfils local connection criteria. So if the property was purchased and re-sold, these stipulations would need to be adhered to
SPECIFICATION Individually designed house types
Private Estate /Road
Open space Orchard for exclusive use by Home Owners
Terracing, Planting, Turfing to private gardens
External LED lighting
Alarms & CCTV
Solid Oak "Suffolk" Style Front Door
Bespoke designed kitchens, including AEG "Surround Cook" double oven, AEG Induction Hob, AEG Stainless steel chimney hood, AEG Integrated Larder Fridge, AEG Integrated dishwasher
Laminate worksurface to kitchen
Karndean flooring throughout the ground floor
Karndean flooring to bathrooms
Porcelanosa tiling to Bathrooms, Ensuites, WCs
Recessed LED downlighting
Chrome switches and sockets
App based CCTV System
Roca Sanitaryware, Hans Grohe Taps and Shower Valves
LABC 10 Year Warranty
LABC Awarding Winning Developer
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