Low Mill, Mill Fold, Addingham, LS29

Overview

There is the benefit of an allocated parking space and additional visitor parking. Offered to the market via the Shared Ownership Scheme. A well presented two bedroom apartment located in the award winning Low Mill village, surrounded by open countryside yet within a short drive of Addingham or Ilkley. Located on the first floor, the apartment is accessed via the communal entrance hall that benefits from lift and stair access. The apartment is of good proportions
This is a discount for sale property. Discount for sale is an affordable home ownership scheme where 100% of the property is purchased at a discounted rate - in this case the purchaser pays 56.15% of the open market value. The purchaser(s) would be considered as 100% owner(s) and therefore no rent is payable to Home Group and staircasing is not applicable. The discount is locked into the property and is always passed on to future buyers. Discount for sale is different to shared ownership and shared equity schemes.
The 100% market value is £205,000 and therefore the sales price is £115,107.50. The sale price is non-negotiable.
Addingham is a much sought after village which benefits from a selection of shops, pubs, a post office and regular bus services to the surrounding area including the beautiful Bolton Abbey estate and thriving Ilkley town centre. Ilkley is located approximately 3 miles away and has a wide range of first class amenities including supermarkets, shops, restaurants, bars and regular rail links to the commercial centres of Leeds and Bradford.
Council Tax Band: C
Tenure: Leasehold
Lease Years Remaining: 107
Agents Notes - TENURE Leasehold for a term of 125 years from1st January 2005. (107 years remaining) We are advised that the current ground rent is £284.00 per year.
SERVICE CHARGE We are advised that a service charge of £134 per month is collected in respect of the running of the management company and maintenance of the building and surrounding areas. A further charge of £15 per month is collected in respect of the maintenance of the communal meadow. Buildings insurance is made by way of a separate payment on an annual basis, which for the current year amounted to £606 (single payment).
It is advised that the purchaser checks these figures with a solicitor before proceeding with the purchase..
DISCOUNT FOR SALE SCHEME The property is offered for sale under the Discount for Sale Scheme with the purchaser acquiring a 56.15% equity share. No rental payment is made in respect of the balance of the equity. Purchasers must meet certain criteria to be eligible under the Discount for Sale Scheme. Please ask agent for further details.