2 bed semi-detached house for sale

Gladstone Place, Blakedown, Kidderminster DY10

An incredibly rare chance to purchase an affordable home in Blakedown village, being sold on a part-rent, part-buy basis.

Description

• Shared ownership for a 50% share of the property.

• Situated at the end of a quiet cul-de-sac in Blakedown, offering privacy and tranquillity.

• The kitchen is well-appointed with various appliances.

• Spacious and bright, the lounge diner features French doors that lead to the garden.

• The landscaped garden offers picturesque views of the surrounding
countryside.

• Practical amenities include a ground floor WC and ample parking space for one cars.

A rare and exciting opportunity to purchase an affordable home in this sought-after village location. It is being sold on a part-rent, part-buy arrangement, with a 50% share available to buy initially. The option to increase shares after one year up to full ownership is available, at which point the property becomes freehold. The combined rental costs and service charges amount to £387.94 per calendar month.

Criteria to purchase a 50% share of the property

Eligibility Criteria:
• Be at least 18 years old.

• To be eligible to apply you must of lived or worked in Wyre Forest for a minimum of 2 years or have close family (parent or sibling) who have lived in the area for a minimum of 5 years.

• Be unable to purchase a home outright on the open market.

• Have a total household income of no more than £80,000.

• Not currently own any other property, unless in exceptional circumstances.

• Be able to secure a mortgage for the share you wish to purchase.

• Demonstrate affordability for rent, bills, and associated costs.

• Have sufficient savings to cover: Mortgage deposit, legal fees and moving expenses.

• Be registered on the HomeChoice Plus Housing Register. Registration can be done online at HomeChoice Plus.

• Undergo an affordability assessment, including:
-Budget planner
-Mortgage/cash buyer sign-off, completed by a nominated financial advisor

How to Apply:
• Complete the application form and prepare your income and expenditure details.

• Gather Supporting documents:
-Use the application checklist to ensure all required documents are included

• Obtain a confirmation letter from HomeChoice Plus to include with your application.

• Work with a financial advisor to complete the affordability assessment, budget planner, and mortgage or cash buyer sign-off form.

• Send the complete application form, supporting documents, and financial assessment forms to .

• The Community Housing Group will review your application within approximately one week, applications are processed on a first-come, first-serve basis, and incomplete applications will not be accepted.

For further details and assistance, contact .

The kitchen
A square archway from the hallway leads to the well-appointed kitchen, which features grey wall and base units, work surfaces with an inset sink drainer, and space for various appliances.

The lounge diner
Located at the rear of the ground floor is a spacious and light lounge diner which benefits from access to the garden via French doors and lovely views of the adjoining countryside. This room is laid to wood laminate and has two radiators, with stairs rising to the first floor.

The principal bedroom
On the first floor are two double bedrooms serviced by a family bathroom. The principal bedroom at the front of the first floor is flooded with light from two double-glazed windows.

Bedroom two
The bedroom at the rear offers excellent far-reaching rural views and features a useful built-in cupboard.

The family bathroom
The well-maintained bathroom includes a pedestal wash basin, low-level WC, extractor fan, and panelled bath with a shower above.

The garden
The rear garden is neatly maintained and offers fantastic views to the side across miles of open countryside. This excellent outside space features a raised patio accessed from the living room, perfect for al fresco dining and enjoying the outlook. Steps from here lead to a lawned area with a wooden shed in one corner and bordered by raised beds. To the side of the garden is a secure gate providing access from the front of the property.

Location

The property enjoys a wonderful position at the end of a small cul-de-sac, directly siding onto fields and with excellent far-reaching views across countryside at the rear. Gladstone Place is part of a small and exclusive village development nicely tucked away off Belbroughton Road, within easy reach of the village centre and train station.

Blakedown is a prestigious location for a number of reasons and is situated amidst lovely Worcestershire countryside. It is an incredibly convenient place for commuting to Birmingham, with the village train station providing a regular service to the city.

For those with children, it is notable that residents can sometimes have the opportunity to apply for positions in the celebrated Haybridge schools at Hagley, another reason Blakedown has been so popular over the years.

There are several other useful amenities on the doorstep, including two country pubs, a well-stocked local store, and an excellent playing field with a pavilion. Kidderminster town is less than four miles away and offers a wide range of amenities, including many supermarkets and high street stores, plus a myriad of pubs and eateries.

Services

Mains gas, electricity, water and drainage.

Fees

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.