Furlong Close, Elmswell : £120,000
Shared Ownership – 40% Share Available! GD Estates are pleased to present for sale a 40% share in this beautifully maintained, modern three-bedroom semi-detached home, situated in the highly sought-after village of Elmswell. Built just four years ago, the property remains contemporary throughout and benefits from the remainder of its NHBC warranty. The accommodation includes:…
Owners may have the opportunity to increase the share they own in the property through 'staircasing'.
LOCATION Elmswell is a thriving and well-served village in Mid Suffolk, ideally positioned between Bury St Edmunds and Stowmarket. It offers excellent transport links, including a mainline railway station with regular services to Ipswich and Cambridge, and easy access to the A14, making it perfect for commuters.
The village benefits from a wide range of local amenities, including shops, a Co-op supermarket, primary school, healthcare facilities, pubs, and recreational spaces.
For more extensive shopping, dining, and leisure options, the historic market town of Bury St Edmunds is just a short drive away.
LIVING ROOM 15' 7" x 13' 9" (4.75m x 4.19m) The property is entered through a composite door into a light and airy living room. There are stairs leading to the first floor, open access to the kitchen, a uPVC window to the front aspect, and a radiator.
KITCHEN 14' 10" x 12' 1" (4.52m x 3.68m) Modern, well-equipped kitchen boasting a range of wall-mounted and under-counter cabinets beneath roll-edge wood-effect work tops. Inset stainless steel sink and a half with drainer and mixer tap over. Integrated fridge-freezer, electric oven and hob with extractor over, and washing machine. Two large storage cupboards and uPVC patio doors to rear garden.
CLOAKROOM Featuring a low-level WC, pedestal wash hand basin, an obscure uPVC window to the rear aspect, and a radiator.
LANDING A spacious landing provides access to all first-floor accommodation, with a storage cupboard and loft hatch.
BEDROOM 1 13' 9" x 8' 5" (4.19m x 2.57m) Double bedroom with uPVC window to front aspect and one radiator.
BEDROOM 2 15' x 8' 4" (4.57m x 2.54m) A second double bedroom with a uPVC window to the rear aspect and a radiator.
BEDROOM 3 11' 11" x 6' 9" (3.63m x 2.06m) uPVC window to rear aspect, one radiator.
FAMILY BATHROOM A three-piece white suite comprising a panelled bath with mains shower and screen over, pedestal wash hand basin, and low-level WC. An obscure uPVC window to the front aspect and a heated towel rail complete the room.
EXTERNALLY Externally, to the rear, the property boasts a fully enclosed garden, predominantly laid to lawn with a patio area ideal for outdoor dining. To the front, there is a driveway providing off-road parking for two vehicles in tandem.
KEY INFORMATION - Tenure: Shared Ownership
- Available Shares from: 40%
- Full Market Value: £300,000
- Rent (on unsold equity): £489.99 per month
- Service Charge: £93.97 per month
- Lease Length: 120 years remaining
- Council Tax Band:C
- EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
SERVICES The property offers mains gas, water, drainage and electricity. Gas fired central heating.
Holding Deposits:
A holding deposit, equal to 1 weeks rent, is payable upon the start of the application.
Successful Applications - any holding deposit will be offset against the Initial Rent and Deposit, with the agreement of the payee.
Fees, payable in accordance with the Tenant Fees Act 2019:
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (Inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 (Inc. VAT) per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 (Inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Deposit:
A deposit equal to 5 weeks rent (6 weeks rent, where the annual rent greater than £50,000.00). The deposit and first month’s rent is payable once the references have been passed and before the tenancy begins.
GD Estates is a member of CMP Propertymark, which is a client money protection scheme, and also a member of TPOS (The Property Ombudsman Service), which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Contact Us for more details or to arrange a viewing.
