Semi-detached house for sale in Cinnamon Close, Walton Cardiff, Tewkesbury GL20
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 2 bed semi detached house
- 50% Shared Ownership
- Garden
- Driveway parking
- WC
Property description
Well presented 2 bed semi detached house 50% shared ownership resale situated in the desirable area of Walton Cardiff, Tewkesbury. This property benefits from kitchen, lounge, WC, 2 bedrooms, bathroom, rear garden and driveway parking.
Ground Floor
Entrance Hall (4.1 x 2.0 (13'5" x 6'6"))
Doors through to kitchen, lounge, WC. Stairs to first floor
Kitchen (3.1 x 2.1 (10'2" x 6'10"))
Fitted kitchen with range of wall and base units, stainless steel sink with mixer tap, space for washing machine and fridge/freezer. Electric oven with gas hob with hood over. Window to front elevation.
Lounge (4.1 x 3.9 (13'5" x 12'9"))
Window and patio door to rear elevation. Storage cupboard.
Wc (1.8 x 0.9 (5'10" x 2'11"))
White wash hand basin and low level WC
First Floor
Landing (2.0 x 1.8 (6'6" x 5'10"))
Doors leading to bathroom, 2 bedrooms. Storage cupboard. Loft space access.
Bedroom 1 (4.1 x 3.2 (13'5" x 10'5"))
Two windows to front elevation. Storage cupboard.
Bathroom (2.7 x 1.9 (8'10" x 6'2"))
White bathroom suite with shower over bath, low level WC and wash hand basin. Window to rear elevation. Storage cupboard.
Bedroom 2 (4.7 x 2.2 (15'5" x 7'2"))
Window to rear elevation
External
Enclosed rear garden with side access.
Shared Ownership Information
Omv - £260,000
50% Shared Ownership - £130,000
Rent - £290.72pcm
Service Charge and Buildings Insurance - £4.83pcm
These costs will increase each year with inflation
You must have a local connection to Tewkesbury and be in housing need
Affordability checks will be carried out prior to viewing
How Does Shared Ownership Work?
If you bought a home on the open market, you would agree a purchase price through an estate agent. Then you would take out a mortgage to cover the total purchase price of the property minus any deposit you might have available.
With Shared Ownership, the price of the property is fixed at the open market value, as assessed by a qualified valuer. You borrow just enough to cover the share you are buying. This is referred to as equity share.
The equity share amount will be an amount that you can afford, as set out under government guidelines. The total monthly cost of the rent, plus your
mortgage, will be lower than the monthly cost if you bought the property outright with a mortgage.
For legal reasons, while you are only buying a part-share of the property, you will have a leasehold interest of 990 years where the scheme allows. However, you may buy further shares. This is called ‘staircasing’, and may
eventually progress to outright ownership.
Disclaimer
All measurements are approximate. We have not checked the serviceability of any appliances, fixtures or utilities (i.e. Water, electricity, gas) which may be included in the sale. We cannot guarantee building regulations or planning permission has been approved and all prospective purchasers should satisfy themselves on these points prior to entering into a contract. Consumer Protection from Unfair Trading Regulations 2008. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Two Rivers Housing
TwoCan Estate Agents are advertising this property on behalf of Two Rivers Housing. Two Rivers Housing are the owners of TwoCan and the Centigen brand.
Property info
For more information about this property, please contact
TwoCan, GL18 on +44 1531 577977 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by TwoCan, and do not constitute property particulars. Please contact TwoCan for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.