Property Details: - Type: End of terrace house - Bedrooms: 2 - Bathrooms: 1
Agent: Jackson Green and Preston Estate Agents and Property Management - Grimsby Phone: 01472 467885
<p>Jackson, Green and Preston are delighted to offer to the market this modern two-bedroom end-link house, pleasantly situated within the sought-after Scartho Top area of Grimsby.</p><p>The property is offered for sale on a SHARED OWNERSHIP BASIS, providing an excellent opportunity for purchasers to take a step onto the property ladder without initially having to fund the full market value of the home.</p><p>A 25% share is available at a purchase price of £35,000, based upon a full market value of £140,000. The remaining 75% share is owned by Lincolnshire Housing Partnership, to whom a monthly rent and associated charges are payable.</p><p>Shared ownership can make purchasing a home more accessible by reducing the deposit and mortgage required compared with buying the property outright. Subject to the terms of the lease and approval from Lincolnshire Housing Partnership, the purchaser may also have the opportunity to acquire a larger share in the property, known as “staircasing”.</p><p>The well-planned accommodation comprises an entrance hall, living room, kitchen and separate WC on the ground floor. On the first floor are two bedrooms and the family bathroom.</p><p>The property benefits from a gas-fired central heating system and uPVC double glazing.</p><p>Harrow Lane forms part of the popular Scartho Top development and is conveniently placed for local shops, schools and everyday amenities. Scartho village, the Diana, Princess of Wales Hospital and Grimsby town centre are also within easy reach, together with useful road links to the surrounding area.</p><p>Externally, communal car parking is provided within a car park situated to the rear of the property.</p><p>The property represents an appealing and more affordable route into home ownership, with the added flexibility of potentially purchasing a larger share in the future. Early viewing is highly recommended.</p><p>SHARED-OWNERSHIP INFORMATION</p><p>25% share:</p><p>Purchase price: £35,000</p><p>Share retained by Lincolnshire Housing Partnership: 75%</p><p>Current monthly rent: £368.55</p><p>Current additional monthly charges:</p><p>Communal administration charge: £1.66</p><p>Management fee: £16.67</p><p>Personal administration charge: £1.99</p><p>Buildings insurance: £19.93</p><p>Total additional monthly charges: £40.25</p><p>Total current rent and charges: £408.80 per month</p><p>OPTION TO PURCHASE A LARGER SHARE</p><p>Based upon the present full market value of £140,000, Lincolnshire Housing Partnership has supplied the following illustrative figures:</p><p>50% share: Purchase price £70,000, with monthly rent of £160.42 payable on the remaining 50%</p><p>75% share: Purchase price £105,000, with monthly rent of £80.21 payable on the remaining 25%</p><p>The applicable administration, management and insurance charges are payable in addition to the rent.</p><p>IMPORTANT INFORMATION</p><p>The sale is subject to the terms and conditions of the shared-ownership lease. Prospective purchasers will be required to satisfy the eligibility and affordability requirements of Lincolnshire Housing Partnership and obtain its approval before proceeding.</p><p>All purchase prices, rents, charges and staircasing figures should be confirmed with Lincolnshire Housing Partnership at the time of application, as they may be subject to review or alteration.</p><br/>EPC Rating: C
