Flat for sale in Merivale Way, Ely CB7

A well presented coach house style apartment situated within a popular development overlooking a green to the front and offered for sale on a 50% shared ownership basis. The owners inform us that the lease is currently being extended to 184 years. Accommodation comprises entrance hall with stairs leading to the first floor landing, 17'8" x 10'2" lounge/dining room, kitchen, 2 double bedrooms and bathroom, together with a garage with parking space in front. Benefits include gas central heating and upvc double glazing and this property is an ideal first time purchase. Viewing recommended.

Entrance Hall

With door to front aspect, stairs to first floor, radiator.

First Floor Landing

With access to loft, double glazed window to rear aspect, airing cupboard housing hot water cylinder, double and single storage cupboards, radiator.

Lounge

With 2 double glazed windows to front aspect providing an attractive view across the green, telephone point, television points, radiator. Archway to:

Kitchen

With double glazed window to rear aspect, fitted with a range of wall and base level storage units and drawers, together with work surfaces, stainless steel sink unit and drainer, built-in electric oven, gas hob and extractor hood, space for fridge/freezer, plumbing for washing machine and dishwasher, radiator.

Bedroom 1

With double glazed window to front aspect giving an attractive view across the green, radiator.

Bedroom 2

(L shaped). With double glazed window to front aspect giving an attractive view across the green, built-in cupboard, radiator.

Bathroom

With suite comprising low level WC, pedestal hand wash basin, panelled bath with shower above, double glazed window to rear aspect, radiator.

Outside

To the front of the property there is an open plan lawned garden. Pedestrian access leads around to the rear where there is a garage with metal up and over door and built-in storage cupboard, together with a parking space.

Shared Ownership

The property is offered for sale on a 50% shared ownership basis. The purchaser will need to be qualified by the Housing Association (Stonewater) to ensure they meet the necessary criteria.

The criteria includes:

• your household income is £80,000 a year or less
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Agent Notes

The vendor purchased the property on a 50% shared ownership basis with the Housing Association (Stonewater) retaining a 50% share.

The vendor has advised that all white goods, sofas and coffee table will be left.

Tenure - leasehold
Length of Lease - 184 years from 2024 (currently in the process of being extended)
Assured Rent - £273.89 per month
Service Charge – £12.94 per month
Service Charge Review Period - tbc
Annual Ground Rent - £198.00
Ground Rent Review Period - tbc
Council Tax Band - B
Property Type - coach house style apartment
Property Construction – standard construction
Number & Types of Room – Please refer to the floorplan
Square Footage - 713.5 according to the floor plan
Parking – garage and parking space

Utilities / Services
Electric Supply - mains
Gas Supply - mains
Water Supply – mains
Sewerage - mains
Heating sources - gas boiler and radiators
Broadband Connected – yes
Broadband Type – according to , standard, ultrafast and superfast are available to the property with superfast having a maximum download speed of 1000Mbps
Mobile Signal/Coverage – according to 'voice' is likely to be available for 4 out of 4 providers checked and 'data' is likely to be available for 3 out of 4 providers checked

Viewing

Strictly by appointment with the Agents.