This property is available to purchase at a fixed price of £66,000 for a 30% shared ownership share. Monthly payments are required on the remaining share. These include a rent of £386.03, a lease management fee of £25.96 per month, and annual buildings insurance of £8.61. Rent may change if completion takes place in a new financial year.

The purchase is through a shared ownership lease. Buyers will need to enter into an agreement with the landlord, which sets out the responsibilities of the leaseholder, including maintenance and repair obligations. The landlord provides buildings insurance but does not cover internal repairs or decoration.

Leaseholders are responsible for keeping the property in suitable condition. All internal repairs and maintenance costs are the responsibility of the leaseholder. A 10-year initial repair period may apply, but only for certain external or structural issues not covered by warranties.

Shared ownership allows buyers to purchase further shares in the future, known as staircasing. Additional shares must be valued by a RICS surveyor, and associated fees apply. Rent reduces in proportion to the amount of additional share purchased.

Other regular expenses may include service or estate charges, mortgage payments, council tax, utilities, and contents insurance. Buyers will also need to pay their own legal costs, and a deposit may be required. Independent legal and financial advice is recommended before proceeding.

Please note:
A communal estate service charge is payable annually to Blue Property. This is currently £189.86 and is reviewed annually

Points to note
Upon acceptance of an offer deemed acceptable by the seller, we require a payment of £30.00 (including VAT at 20%) per named purchaser. This amount is made up of £25.00 plus £5.00 VAT.
This fee covers the cost of Anti-Money Laundering (AML) checks and associated administration. AML checks are a legal requirement under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Please note:
This fee is strictly non-refundable in all circumstances, including where a purchase does not proceed.
The fee relates solely to the performance of mandatory compliance checks and is not a deposit or contribution towards the purchase price.
Regulatory Information:
Rhubarb Sales & Lettings Limited is a member of a government-approved Client Money Protection (CMP) Scheme under Propertymark, Scheme Reference: C0139883.
We are a member of The Property Ombudsman redress scheme
Company VAT Number: 498888976