33 Malvern Oaks Close, Malvern

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Resale

Shared Ownership

Please note that all sales particulars and images are for marketing and illustrative purposes only. Plans, computer generated images and photos may contain elements which are not present upon the final completion of the property.

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

maximum share 100%
EPC rating B
Minimum income - £34,396
Fibre broadband
122 years remaining on the lease
council tax band c

£100,000 for a 40% share

Open Market Value: £250,000

From £354 per calendar month

Service Charge: £23.22

Available on shared ownership 1

Key Information Document

Brochure

33 Malvern Oaks Close, Malvern

This lovely 2 bedroom property is situated in a semi rural location with a view of the Malvern Hills. There is an allocated parking space for 2 cars side by side. The proeprty consists of a good size south facing garden with a shed on hardstanding. The property has good quality flooring throughout and all light, blinds and curtains are included. There is also a large childrens playpark on the development.

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Barry Cockroft

Seller Contact Details: Email: barry.cockcroft@hotmail.com and tel: 07882130598

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, (£34,396 ) which is based on the minimum deposit (£7500) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided.

Please let us know if you need any further information and good luck with your viewing.

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