3 bed property for sale

Hutchinson Rise, Potton SG19

***shared ownership***purchase anything from 35% to 100% via staircasing***price marketed is for the 35% share***please see agents notes for more information***

Nestled in the charming area of Hutchinson Rise, Potton, this delightful three-bedroom house presents an excellent opportunity for first-time buyers or those looking to step onto the housing ladder. The property boasts a well-appointed reception room, providing a welcoming space for relaxation and entertaining.

The house features a modern bathroom and a re-landscaped Westerly facing rear garden, perfect for enjoying the outdoors or hosting gatherings with family and friends. The double-width parking space accommodates two vehicles, ensuring convenience for residents and guests alike.

Situated just a ten-minute walk from Potton town centre, residents will find themselves within easy reach of a variety of amenities, including shops, cafes, and local services. This prime location enhances the appeal of the property, making it an ideal choice for those seeking a vibrant community atmosphere.

In summary, this house on Hutchinson Rise is a wonderful opportunity for anyone eager to establish themselves in the property market, combining modern living with a convenient location. Don't miss the chance to make this lovely home your own.

Potton is a delightful market town that offers many amenities, a few of which are - doctors surgery, school, several nurseries two convenience food stores, newsagents, butchers, hardware store, craft and gift shop as well as a host of eateries, takeaways and public houses. It is situated just 3 miles from Sandy and 4 miles from Biggleswade both of which have mainline train stations giving access to London St Pancras. Cambridge is approximately a 30 minute drive away.

Entrance

Via composite door to entrance hall. Storm porch over.

Entrance Hall

Stairs to first floor accommodation. Radiator. Under stair recess. Internal doors to W.c. Kitchen/breakfast room and lounge/diner.

W.C

Double glazed window to front aspect. Radiator. Wood effect flooring. W.c. Washbasin.

Kitchen/Breakfast Room (4.98m x 2.31m max (16'4 x 7'7 max))

Double glazed windows to side and front aspects. Radiator. Wood effect flooring. Recess spotlights. Range of high gloss base and eye level units with worktops over. One and a half sink drainer with mixer taps. Integrated stainless steel oven with four ring gas hob over and extractor hood. Spce for fridge/freezer, washing machine and dishwasher.

Lounge/Diner (4.47m x 4.47m max (14'8 x 14'8 max))

Double glazed French doors to rear access and leading to garden. Two double glazed windows to rear aspect. Two radiators. Built in cupboard.

First Floor

Landing

Access to loft space. Built in airing cupboard. Doors to all first floor accommodation.

Bedroom One (3.78m x 2.57m (12'5 x 8'5))

Two double glazed windows to front aspect. Radiator. Two double wardrobes.

Bedroom Two (3.78m x 2.29m (12'5 x 7'6))

Double glazed window to rear aspect. Radiator.

Bedroom Three (2.57m x 2.03m (8'5 x 6'8))

Double glazed window to rear aspect. Radiator.

Shower Room

Double glazed window to side aspect. Radiator. Recess spotlights. Wood effect flooring. Re-fitted shower unit. W.c. Washbasin. Extractor fan.

Outside

Front

Path to front door with side by side double parking.

Rear Garden

Re-landscaped garden with patio area leading to a low maintenance stone bed with flower bed borders. Timber shed. Enclosed by fencing. Outside tap. Wall light. Gated access to side leading to driveway.

Parking

Double width parking on driveway directly to front of property.

Agents Notes

***Please see below for a brief overview. However, we suggest any interested party contacts the agent for clarity***

Property Details
Address 35 Hutchinson Rise, Potton SG19 2DZ
Property type Three-bedroom end terraced house
Scheme Shared ownership resale
Full market value £_335,000______
Share Purchase Price

Affordability
assessment You will be assessed to check you can afford the home.
Your affordability assessment will be carried out by a
suitably qualified and experienced adviser.
As part of the affordability assessment, you will need to
provide documents to confirm your income, savings, and
financial commitments.
The assessment will take into account the housing
provider’s specific policies including:
• How much money you will need to have available to
be able to afford the home – Link to Minimum Surplus Income Policy (msip) -
Tenure Leasehold
Lease type Shared ownership house lease
Lease term _119__ years
For more information, see section 2.5, ‘Lease extensions’,
in the ‘Key information about shared ownership’ document.
Rent review Your rent will be reviewed each year by a set formula
using the Retail Prices Index (rpi)] for the previous 12
months [plus [0.5%].
For more information, see the 'Rent Review' section in the
'Summary of Costs' document which includes an example
of how rent could increase over a 5 year period. A worked
example demonstrating how the rent is calculated at
review is also set out in Appendix 2 of the lease.
Official

Maximum share you
can own
You can buy up to 100% of your home.
Transfer of freehold At 100% ownership, the freehold will transfer to you.

Landlord Cross Keys Homes
Shrewsbury Avenue
Peterborough
PE2 7BZ
Under a shared ownership lease, you pay for a percentage
share of the market value of a home. You enter into a
lease agreement with the landlord and agree to pay rent to
the landlord on the remaining share.
Initial repair period
Check if this is a 990 new lease then keep this section.
Otherwise, delete the whole section.
Up to £500 a year for the first 10 years starting from the
lease start date to help with essential repairs.
This home is a shared ownership resale. There are __ years
remaining in the initial repair period.
For more information, see section 6, 'Maintaining and living
in the home', in the 'Key information about shared
ownership' document.
Landlord’s nomination
period
When you give the landlord notice that you intend to sell
your share in your home, the landlord has 8 weeks to find
a buyer. If they do not find a buyer within 8 weeks, you
can sell your share yourself on the open market. For
example, through an estate agent.
For more information, see section 8.4, ‘Landlords
Nomination Period’, in the 'Key information about shared
ownership' document
and Rent Examples
The share purchase price is calculated using the full
market value and the percentage share purchased.
If you buy a _35% share, the share purchase price will be
£117,250____ and the rent will be £548.59___ a month.
If you buy a larger share, you'll pay less rent. The table
below shows further examples.
Share Share purchase
price
Monthly rent
40% £134,000___ £506.40__
50% £167,500___ £422.00___
60% £201,000___ £337.60___
70% £248,500___ £253.20___
75% £251,250___ £211.00___
The minimum initial share you can purchase will vary
depending on the home.
The percentage share and rent amount will change
depending on the amount you can afford. You'll receive a
worked example after a financial assessment.
Monthly payment to
the landlord (excluding
rent)
Every month (in addition to your rent) you will pay:
Management Company Charges £32.86____
Buildings insurance £9.82____
Management fee £15.34____
Brought forward eligible service charge variance
adjustment* £2.52____
Official

Total monthly payment excluding rent £60.54____
Total monthly payments will typically be reviewed on an
annual basis.
For more information, see section 4, ‘Service Charges’, in
the 'Key information about shared ownership' document.
Reservation fee £250
You’ll need to pay a reservation fee to secure your home.
When you pay the fee, no one else will be able to reserve
the home. If you do not buy the home, the fee is not
refundable.
Eligibility assessment
The housing provider will assess whether you meet the
eligibility criteria for the scheme.
This will be based on the eligibility criteria for the shared
ownership scheme and the housing provider’s specific
policies. This includes:
• The order in which you will be assessed. First Come First-Served Policy-
You can apply to buy the home if both of the following
apply:
• your household income is £80,000 or less
• you cannot afford all of the deposit and mortgage
payments to buy 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
Official

• you own a home and want to move but cannot
afford to buy a new home for your needs
If you own a home, you must have completed the sale of
the home on or before the date you complete your shared
ownership purchase.
As part of your application, your finances and credit history
will be assessed to ensure that you can afford and sustain
the rental and mortgage payments.