Gilbert Young Close, Great Oldbury, Stonehouse, 3 bedroom, House

Mid-terrace house
Three bedrooms
Well-proportioned accommodation throughout
Low-maintenance rear garden
40% share of property
Approximately 5 years remaning on the NHBC warranty
Service charge and ground rent combined £321.72 per annum - this is reviewed annually in April
Leasehold - 125 years from November 2019 - 120 years remaining to November 2144
Council tax band C (£1,945.46)
EPC rating B85

A well presented, three bedroom house situated in the Great Oldbury development. The property has well-proportioned accommodation throughout and comprises; kitchen/diner, living room, lobby and cloakroom to the ground floor. On the first floor there is a master bedroom, a further double bedroom, a single bedroom and the family bathroom. The rear garden is fully enclosed and low-maintenance with rear access. The property is being sold as CHAIN FREE and on a 40% shared ownership scheme, there is an option to purchase the 100% at £310,000.

Entrance Hall

Composite door to entrance hall. Access to living room and stairs rising to first floor.

Living Room

uPVC double-glazed window to front elevation. Radiator.

Kitchen/Diner

uPVC double-glazed window to front elevation. Range of wall and base units with four ring gas hob, electric oven, one and a half bowl stainless steel sink with mixer tap and drainer. Space for washing machine and freestanding fridge/freezer. Under-stairs storage cupboard with electric. Access to rear lobby. Radiator.

Lobby

uPVC double-glazed door to rear garden. Access to cloakroom. Radiator.

Cloakroom

Low-level WC and wash hand basin. Radiator.

Bedroom One

Two uPVC double-glazed windows to front elevation. Storage cupboard. Radiator.

Bedroom Two

uPVC double-glazed window to rear elevation. Radiator.

Bedroom Three

uPVC double-glazed window to rear elevation. Radiator.

Bathroom

Low-level WC, wash hand basin, bath with shower over and heated towel rail.

Outside

The property has one off-road allocated parking space, there is an additional visitors space. The rear garden is fully enclosed and low maintenance, it boasts an array of plants giving it a bright and healthy feel. It is laid to patio and artificial lawn with a rear access gate. The property is within close proximity to the attenuation pond which sees an abundance of wildlife over the seasons.

Location

This property is located within the Great Oldbury development which provides ease of access to both Eastington and Stonehouse. Local facilities and amenities include a Co-op with post office, restaurants and primary and secondary schools. The property is within 0.5 mile of Junction 13 of the M5 motorway, providing access to Gloucester, Cheltenham and Bristol. Stonehouse railway station has a regular train service to London and Cheltenham. The town is situated approximately three miles west of Stroud and twelve miles south of Gloucester.

Material Information

Tenure: Leasehold - 125 years with 120 years remaining until November 2144.
Council tax band: C.
Local authority and rates: Stroud District Council - £1,945.46 (2024/25).
Service charge and ground rent combined: £321.72 per annum. Reviewed annually in April.
Management company: Sovereign Network Group.
Approximately 5 years remaining on NHBC warranty.
Electricity supply: mains.
Water supply: mains.
Sewerage: mains.
Heating: gas central heating.
Broadband speed: 5 Mbps (basic), 35 Mbps (superfast) and 9000 Mbps (ultrafast).
Mobile phone coverage: EE (limited), Three (limited), O2 and Vodafone.

Shared Ownership Terms

Rent payable on the remaining 60% share: £468.82 per calendar month.
Option to purchase 100% is available at £310,000.
The value of the share is based on a RICS valuation and is due to expire 20/05/2025, if the sale has not completed by then a new valuation will be obtained. There cannot be any negotiation on the price as Sovereign are bound by the RICS valuation.

Shared ownership criteria:
Have an annual income of less than £80,000
Be a first-time buyer, or be an existing homeowner - but able to demonstrate they have sold their property subject to contract.
Be over 18 years of age.
Must own and occupy the property as their sole and primary residence.
Be able to demonstrate a good credit history and can afford the regular payments involved in buying this home.

For further details please contact the sole agent.