Newcomen Way, Woodside
Telford,
Shropshire, TF7 5UB
Shared Equity £90,000

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GREAT OPPORTUNITY TO ACQUIRE A SHARED OWNERSHIP PROPERTY WITH 40% SHARE AVAILABLE. A well presented three-bedroom detached family home with accommodation comprising:

Living Room, L-Shaped Open Plan Kitchen/Diner, Cloakroom/wc, Two Bedrooms, Bathroom/wc, Double length driveway. EPC Rating: B

Situation:
Woodside is situated in the southern part of Telford a little over four miles south of Telford town centre with its wide range of recreational and shopping facilities, the M54 motorway and the town’s central railway station. It is situated within easy reach of Madeley district centre and about 1 mile from the historic township of Ironbridge which is a world heritage site and where the world’s first iron bridge was constructed over the River Severn in 1779.

The Property:
There is a front facing living room with staircase ascending to the first floor and an outlook towards the front and access leading to a large open plan L-shaped kitchen/diner. Off the dining area there is access through to a cloakroom/wc. The kitchen has a range of modern fitted units with integrated oven and hob and space for additional appliances, useful understairs store cupboard and access leading out to the rear garden. 

On the first floor there is a landing with loft hatch access point and access leading to three bedrooms and a family bathroom. The family bathroom has a modern white coloured suite comprising of the usual facilities as well as the benefit of a shower over the bath. The primary bedroom has built in fitted wardrobes.

Outside:
To the front there is a paved footpath with gravelled area to one side, laid lawn and double length driveway to the side. The rear garden has a paved area with laid lawn and continues round to the side of the property where there is a shed. 

Tenure:
The property is shared ownership with 40% share. 

The property can be purchase on a shared ownership basis with 40% shares. Alternatively, Bromford Homes will allow their property shares to be sold simultaneously for £225,000.

Based on the 40% share, at £90,000, the following charges will apply: 
- Rent charges £277.62
- Service charges £29.36
- Building Insurance £19.32
- Management fee £7.48
- Reserves fund £0.00 
- Lease term remaining – 122 years on this lease. 

Please note the following criteria/eligibility in order to purchase a shared ownership property:
1. Your household income is £80,000 a year or less.
2. You cannot afford all of the deposit and mortgage payments for a home that meets your needs.
3. You do not own a property, or part of a property, at time of completing your purchase.
4. You have good credit history.
5. Have funds for a deposit and costs of buying a home.
6. Are over the age of 18.

Council Tax Band: C

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.

Important
We take every care in preparing our sales details. They are carefully checked, however we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches. We currently work with a number of recommended conveyancing partners including Move With Us Ltd, The Conveyancing Partnership Ltd and Move Reports UK Ltd and we currently receive a referral fee of £250 for each transaction.