1 bedroom shared living/flatmate for sale

Overview

A ground floor apartment with immaculate decoration - having recently just had brand new carpets fitted and painted throughout. The property offers ease of living for the over 55s (single or couple). Should you or a loved one be looking for extra care, Hampton House provides independent living, yet with the option for care to be arranged as and when needed to your schedule. Chosen as the show apartment when first built some 10 years ago, apartment 5 enjoys views to the rear gardens from both the bedroom and living room. The bedroom enjoys fitted wardrobes and access into the shower room, also accessible from the hallway. The kitchen is combined with the living room and has a useful cupboard along with space for a washing machine and further appliances. Hampton House offers a community, yet independence and privacy if preferred. The lovely glass door secure entrance leads through to the House Manager's office - where a point of contact is always available if required. The main large dining room and living area to the main building is available for residents to use at any time and quite uniquely there is an onsite hairdressing and treatment room - ideal for pampering from the comfort of your own surroundings. There is visitor parking to the immediate front of the building from Hampton Lane. General Information Shared Ownership Lease (50%) - How Does This Work? Under a shared ownership lease, the Leaseholder buys a 'share' of the property and pays rent on the remaining share of the property (which remains in ownership of the Landlord). The Leaseholder can buy further shares in the property (at the market value of those shares at the time of purchase), until they own 75%. Buying further shares is referred to as 'staircasing'. As the Leaseholder buys further shares, the rent will be reduced proportionately to reflect the fact that the Landlord's interest in the property has reduced. Although initially the property is not owned outright, the Leaseholder does have the normal responsibilities of a full owner. This means, for example, that the Leaseholder will be obliged to pay 100% of the outgoings of the property and to keep the property in good and substantial repair and condition. The rent will be reviewed periodically at the times set out in the lease. Typically, the rent will be reviewed every year. The reviewed rent will be increased in line with any proportionate increases in the retail prices index (RPI). Any increase in the rent will be capped at a figure representing the RPI increase plus 0.5%. This means that where the RPI is zero or negative the most the rent can increase by is 0.5%. Service Charge The following figures are for 2022/23 Total monthly charge (includes rent, ground rent and service charge): £1,207.37 per month (Within this figure, the core rent is £206.87 per month) A full breakdown of inclusions within the service charge is available through the Agent by request. Included in the service charge is an allowance for 2 meals per day (lunch and dinner). Water and electric bills are included within the rent. Costs and inclusions should be clarified by your legal representative. Residents must be aged 55 and over. Viewings are via the sales agent and requested to take place Monday to Friday inclusive by request of Abbeyfields. Visitor parking is available to the front of the building from Hampton Lane. Tenure: Leasehold Lease: 125 years (less 3 days) from 1 January 2013 Services: Electric heating and mains water EPC: Rating B Local Authority: Solihull Metropolitan Borough Council Council Tax Band: C Postcode: B91 2QJ Agents' Note We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales details are approximate. Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ. These sales details are produced in good faith to offer a guide only and do not constitute any part of a contract or offer. We would advise that fixtures and fittings included within the sale are confirmed by the purchaser at the point of offer. Images used within these details are under copyright to EB&P and under no circumstances are to be reproduced by a third party without prior permission. Anti Money Laundering (AML) We will appreciate your co-operation in fulfilling our requirements to comply with anti money laundering regulations. As well as traditional methods of producing photographic ID and proof of address, EB&P as the Agent may also use an electronic verification system to meet compliance obligations for AML. This system allows us to verify you from basic details. You understand that we will undertake this search for the purpose of verifying your identity. Any personal data we receive from you for the purpose of money laundering checks will be processed only for the purposes of preventing money laundering. For more details and to contact: https://realtyww.info/rooms_1_solihull-d196400/for-sale_i70581964

---

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.