London Road, Laurel Place London Road, NN12

Offered for sale with no upward chain, this 40% shared ownership property is situated on the second floor. The apartment offers an entrance hall, sitting/dining room, kitchen, bedroom, bathroom and allocated parking space.

The Apartment
Entered via a communal hallway, the apartment consists of an entrance hall, sitting/dining room open plan to the kitchen. The kitchen has a stainless steel sink, single oven, four ring gas hob with extractor as well as space for a fridge/freezer and washing machine. The bedroom offers built-in wardrobes and the bathroom includes shower over the bath.

The fridge / freezer, washing machine, ceiling light fittings, curtains & rails are available by separate negotiation.

Shared Ownership
The apartment is being sold on a shared ownership basis. The prospective purchaser will pay £68,000 for a 40% share, the remainder being retained by Guinness Homes Housing Association for which a rental figure is paid. Guinness Homes Housing Association will vet the successful purchaser.

Rental Figure
The additional 60% share of the property is retained by The Guinness Partnership Housing Association. We understand the current monthly rental payment is £368.73 which includes ground rent, buildings insurance and service charge. We have been advised that the 125 year lease commenced in 2004 and there are approx. 103 years remaining.

Tenure
Leasehold

Service Charge
£123.14 per month