Flat for sale in Moundsley Grove, Birmingham B14

A fantastic opportunity to purchase a well presented two bedroom apartment situated in a popular part Birmingham. The property is being sold as Shared Ownership so would be an ideal purchase for first time buyers and families, for more information please see below.

Situated in a convenient residential location having access to local amenities such as shops, schools and parks, it offers good travel links to Birmingham City Centre.

Accommodation comprising, open plan lounge kitchen diner, bathroom, two bedrooms and ensuite.

Lease Information

Lease information
The current owner is selling their 50% share at a market value of £77,500, the full current market value is £155,000.

If you do wish to purchase as shared ownership the charges are as follows:

Rent £222.95 per month
Service charges =£121.57 per month - inclusive of all ground maintenance, communal cleaning fees, Alarm / Fire safety systems.

To receive an application form please email for any additional information please see the shared ownership section of the advert.

The following information has been provided by the current owner. This information will need to be confirmed by the purchasers legal representatives.

Shared Ownership

Applications
— If a potential purchaser is not approved a sale cannot proceed - please see the
Application Form.
— Please ask any potential buyers to complete the application form and send it back to
you.
— Applicants are prioritised on a first come first serve basis so please send through the
first application form you receive.

Please make sure all applicants are aware of this

— The application will then be assessed by our financial advisors to ensure that they meet shared ownership affordability criteria.
— We will only assess one application at a time so please only send through the first
application.
— If the applicant does not pass the affordability assessment, we will ask if there are any
further applicants and assess on a first come first serve basis
— Please advise prospective purchasers to only apply for a mortgage once their
application has been approved
— We advise that any prospective purchasers view the property before they complete an
application with us as this can save them time if they decide the property isn’t suitable
— Any potential purchasers that currently own a home need to have a sale agreed on their
current property before we can assess their application – proof of this will be required
— Please pass both the application form and applicant information sheet to any interested
applicants.
— Please advise all applicants of the process prior to viewing.

Property Ownership Information

Tenure

Shared ownership

Council Tax Band

C

Percentage Share Owned

50%

Additional Monthly Rent

£222.95

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

£1,458.84

Service Charge Review Period

No review period

Lease End Date

01/01/2110

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.