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£157,500

1 bed Semi-Detached Bungalow for sale

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Crest Hill, Evesham, WR11 8NJ

Property Description

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.

Features

  • 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
  • Bedroom
  • Bathroom
  • Gardens
  • Allocated Parking
  • Located on a private estate/road
  • Local Market Connection Property - now expired
  • DETAILS

    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
    Alarm System
    Roca Sanitaryware, Hans Grohe Taps and Shower Valves
    LABC 10 Year Warranty
    LABC Awarding Winning Developer  

Disclaimer

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Agent details

Peter Clarke & Co,
Leamington Spa

Myton Road, Leamington Spa, CV31 3NY

01926 870 145