Shared Ownership from 25% one bedroom first floor leasehold apartment(485 sq ft) in superb location.
Communal entrance lobby * Living/dining room * Kitchen area * One bedroom * Bathroom * Off road parking * Communal gardens * upvc double glazing * Gas central heating
From Mildenhall Market Place proceed out of the Town along Mill Street. Proceed over the River Lark continue along Worlington Road out of Mildenhall towards the village of Worlington. As you leave the village of Mildenhall "The Retreat" is located on the left hand side.
Introduction
This apartment is located on the highly regarded "The Retreat" on the southern side of Mildenhall. The development consists of around eighty homes (built by Bellway Homes), with ten offered on a shared ownership basis by Havebury Housing Partnership.
Agents note: photographs and dimensions are based on plot 43
This apartment is available for immediate occupation under the shared ownership scheme at:
25% share at £22,500, rent £154.69 - 50% share at £45,000, rent £103.13 - 75% share at £67,500, rent £51.56
Service charges are £45.40 per month. Please contact the office for further details.
The Havebury Housing Partnership is a young organisation dedicated to the provision of good quality affordable homes and housing services in West Suffolk. Shared Ownership is aimed at helping people in housing need who cannot afford to purchase in the open market. In offering shared ownership homes, Havebury will seek to enable people to acquire a property that is appropriate to their needs. A key element of shared ownership is affordability. Havebury seek to provide homes that are viable and affordable. Household income will be a key consideration in assessing affordability. Rental levels on the unsold equity will reflect the need to cover Havebury's costs, affordability and Homes & Communities Agency standards and regulations.
Features
Tenure: Leasehold
Parking: Allocated parking
Gardens: Fully landscaped communal gardens and shared amenity areas
Heating: Gas fitted central heating system, with thermostatic radiator valves
Doors/windows: upvc double glazed
In more detail the accommodation comprises:-
ENTRANCE HALL: 10'10 x 3'9 (3.3m x 1.14m) with telephone points
LOUNGE/DINER: 10' x 16' (3.12m x 4.88m) with telephone points
KITCHEN 6'4 x 10'2" (1.93m x 3.1m) range of Beech style units, with rolled top melamine work surface, space and plumbing for washing machine, further spaces for fridge/freezer and electric cooker, white ceramic wall tiles, vinyl flooring, Eco bin and lockable medicine cabinet
BEDROOM ONE: 11'10 x 10'5 (3.61m x 3.18m) with telephone points
BATHROOM 7'6 x 6'4 (2.29m x 1.93m) white contemporary bathroom suite, chrome fittings, vinyl floor
RESERVATIONS AND FURTHER DETAILS:1. General application must be made to Orbit "Homebuy".
2. Property specific application (Balmforth), together with financial review (The Mortgage Centre) to be made.
3. Reservation fee of £250 payable to Havebury Housing Partnership.
4. The 50% Havebury Housing Partnership share has a monthly rent of £103.13.
5. There are monthly service charges of £45.40 (as from 1 Apr 2011). The service charges include buildings insurance, external building and grounds maintenance, cleaning and maintenance of hallways, including lighting costs.
6. Purchasers are able to purchase upto 100% of the equity. However, the property will still be on a leasehold basis, with service charges payable.
Village & local areaThe Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age. Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure". Centred around an historical market place offering a good range of shopping, education and leisure services together with many local places of historical interest. Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the North East and Newmarket (10 miles) and London to the South and Southwest. Other towns within travelling distance are Brandon to the North West and Bury St Edmunds to the south east via the A1101.
THE PROPERTY MISDESCRIPTIONS ACT 1991
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.