Long Gilberts Road, Elmswell : £96,000
SHARED OWNERSHIP – 40% Share Available GD Estates are delighted to present this fantastic opportunity to purchase a 40% share in a modern two‑bedroom end‑of‑terrace home, located in the popular village of Elmswell. The internal accommodation comprises two double bedrooms, a kitchen/breakfast room, a spacious living room, a downstairs toilet, and a family bathroom. Externally,…
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.
ENTRANCE HALLWAY Entry to the property is via a composite door into the spacious internal hallway. There are stairs to the first floor, one radiator and access to all of the ground floor accommodation.
KITCHEN/BREAKFAST ROOM 15' 9" x 6' 3" (4.8m x 1.91m) A modern, well‑equipped kitchen boasting a range of wall‑mounted and under‑counter cabinets set beneath sleek square‑edge worktops with complementary tiled splashbacks. There is an inset stainless steel sink with mixer tap, along with integrated appliances including an induction hob with extractor fan over, an electric oven, a dishwasher, and a fridge‑freezer. There is also space and plumbing for a washing machine.
The room offers ample space for a table and chairs, and a uPVC window to the front aspect provides plenty of natural light.
LIVING ROOM 13' 3" x 9' 11" (4.04m x 3.02m) A light and airy living room featuring uPVC patio doors opening onto the rear garden, complemented by a uPVC window to the rear aspect that enhances the natural light. The room is completed with a radiator.
CLOAKROOM Low level WC and wall-mounted wash hand basin. Radiator.
LANDING A spacious landing providing access to all first‑floor accommodation, complete with a loft hatch, a useful storage cupboard, and a uPVC window to the side aspect that brings in natural light.
BEDROOM 1 13' 3" x 8' 10" (4.04m x 2.69m) Double bedroom with two uPVC windows to front aspect, one radiator.
BEDROOM 2 10' 11" x 9' 7" (3.33m x 2.92m) A second double bedroom featuring double built‑in wardrobes, a uPVC window to the rear aspect, and a radiator.
BATHROOM 7' 1" x 6' 6" (2.16m x 1.98m) A modern three‑piece white suite comprising a panelled bath with mains‑fed shower and screen over, a wall‑mounted wash hand basin, and a low‑level WC. The room is complemented by a heated towel rail.
EXTERNALLY To the front, the property offers one allocated parking space.
To the rear, there is a fully enclosed garden, predominantly laid to lawn and bordered by well‑tended flower beds. A patio area provides space for outdoor seating, and a side gate offers convenient access to the front of the property.
KEY INFORMATION - Tenure: Shared Ownership
- Available Shares from: 40%
- Full Market Value: £240,000
- Rent (on unsold equity): £411.36
- Service Charge: £24.92 per month
- Lease Length: 121 years remaining
- Council Tax Band: B
- 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.
