3 bed House - Mid Terrace - For Sale
Great Oldbury Drive, Great Oldbury, Stonehouse
50% Shared Ownership - £145,000

• Three bedroom town house - Sage will consider allowing any share above 50%
• Opportunity to purchase the 100% freehold if required
• Finished to a high specification throughout
• Master suite with en-suite shower room
• Enclosed rear garden
• Two parking spaces at the rear
• Nice outlook to the front
• Leasehold - 120 years remaining
• Council tax band C (£2,053.70)
• EPC rating B86

Entrance Hall

Composite door to entrance hall. Access to kitchen/diner and stairs rising to the first floor.

Kitchen/Diner

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

Living Room

uPVC double-glazed sliding doors to rear garden. Radiator.

Cloakroom

Low-level WC and wash hand basin. Radiator.

Bedroom One

Four double-glazed Velux windows to rear elevation. Radiator.

En-Suite Shower Room

Double-glazed Velux window to rear elevation. Walk in shower, low-level WC and wash hand basin. Radiator.

Bedroom Two

uPVC double-glazed window to rear elevation. Radiator.

Bedroom Three

uPVC double-glazed window to front elevation. Radiator.

Study Space

uPVC double-glazed window to front elevation. Stairs rising to the second floor. Radiator.

Bathroom

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

Outside

The front of the property is accessed via a footpath with lawn and plants either side. The rear garden is fully enclosed and can be accessed via the rear gate from the two allocated parking spaces. It is mostly laid to lawn with a patio area.

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.

Material Information

Tenure: Leasehold - 125 years beginning June 2020 with 120 years remaining.
Annual ground rent £4,634.40.
Ground rent next review period is 01/04/2025.
Annual service charge £991.56.
Service charge next review period is 01/04/2025..
Council tax band: C.
Local authority and rates: Stroud District Council - £2,053.70 (2024/25).
There may be a service charge when the development is complete.
Electricity supply: mains.
Water supply: mains.
Sewerage: mains.
Heating: gas central.
Broadband speed: 7 Mbps (basic), 33 Mbps (superfast) and 1000 Mbps (ultrafast).
Mobile phone coverage: EE, Three, O2 and Vodafone.

Agents Note

The monthly rent to Sage Homes is £371.82 based on a 50% share.

Sage will consider allowing any share above 50%

There is an opportunity to purchase the 100% share of the property. The vendor is selling their 50% leasehold share. If you are looking to purchase the 100% share, the remaining 50% will be purchased from Sage, resulting in the purchase being the 100% freehold. There may be fees payable to Sage during the staircasing process.

Sage Homes Shared Ownership Criteria

- You must not own another property in the UK at the time you complete on your shared ownership purchase
- Your annual household income must not exceed £80,000 (£90,000 per annum within Greater London)
- You must not currently own a property in the UK or overseas
- You are a British or EU Citizen, or you have the right to remain in the UK
- You must be over 18 if you are applying for a mortgage
- You must have sufficient savings in addition to your deposit to cover the cost of legal fees and mortgage arrangement