Low Cost Home Ownership opportunity for a modern two bedroom fourplex house in Bridge of Don
- Fixed Price: £112,000
- Home Report Value: £160,000
- Available: February 2020
- Size: 64 Sq. Meters
- Council Tax Band: D
- Energy Efficency Rating: C
- Environmental Impact (CO2) Rating: B
- Includes floor coverings, white goods and blinds
Osprey Initiatives are pleased to offer this amazing opportunity to get on the housing ladder through Aberdeen City Council. The property is for sale by the current owner at the discounted fixed price of £112,000. This figure represents 70% of the open market value which is £160,000.
The property is situated within the popular residential area of the Bridge of Don. This two bedroom four-plex was completed in 2011 by Barratt Homes. It offers spacious accommodation over two floors and is in immaculate condition throughout. The property also benefits from superb storage facilities, gas central heating and double glazing.
5.34m x 3.26m (17’6” x 10’8”)
This spacious open plan living area comes fitted with television satellite/aerial point, telephone and broadband socket. The property is heated by an energy efficient gas combination boiler that is controlled by the digital thermostat in the living room. The living area has been carpeted.
2.59m x 2.10m (8’5 x 6’10”)
This modern dark wood kitchen fitted comes complete with a black granite laminate worktop. The kitchen comes with integrated four ring gas hob and electric oven. A stylish stainless steel extractor hood completes the cooking area. There is a pantry cupboard located under the stairs. All white goods (including frost free fridge freezer and washer/dryer) are included. The floor has been covered with a slate effect vinyl flooring.
2.55m x 1.10m (8’4” x 3’7”)
This two piece suite comes complete with tiled flooring. Adequate space has been included into the design to install a shower cubicle future, if desired.
3.49m x 2.64m (11’5” x 8’7”)
Spacious double bedroom. Carpet and window coverings to remain.
3.10m x 2.59m
Spacious double bedroom. Access to loft space. Carpet and window coverings to remain.
2.34m 1.91m (7’8” x 6’3”)
Three piece white suite. The bath includes a mains feed shower with bi-folding shower screen. The floor has been tiled with high quality limestone effect tiling.
The hall comes with a large storage cupboard located at the top of the staircase.
Parking: 1 x private parking space and shared visitor parking
Exclusive outside storage cupboard attached to house.
Shared landscaped gardens. Grass and trees tended by factor.
- Floor coverings included
- Gas Central Heating
- White goods included
The following services are provided by the factor (currently £19 per month):
- Garden and Car Park Maintenance
- Shared Satellite Dish
How To Apply
Viewings can be booked online 24/7. Application forms and further guidance notes will be issued once the property has been viewed.
Or call us on 01224 548008 or e-mail firstname.lastname@example.org.
Low Cost Home Ownership Resale Guidance Notes
This two bedroom house (four-plex)was built by Barratt Homes in 2011. Low Cost Homes are aimed at first time buyers who are unable to meet their housing needs on the open market. Priority will be given to:
• Tenants of Aberdeen City Council or Registered Social Landlords (commonly known as Housing Associations) in Aberdeen City.
• Applicants who are currently on the waiting list of Aberdeen City Council or Registered Social Landlords in Aberdeen City.
Applicants will be ranked by Aberdeen City Council.
Terms and Conditions
The property is offered at a discounted price which means that conditions are attached to any subsequent sale of the property:
In the event that the owner wishes to sell or dispose of the property, they will need to notify Aberdeen City Council in writing and Aberdeen City Council will then have a 4 week period to decide and inform the current owner whether or not they want to keep the property as a discounted housing unit. The owner must provide a valuation to determine current value. This can be in the form of a Home Report. The property will then be sold by the owner to a qualifying purchaser at a price equivalent to 70% of the open market value.
Should Aberdeen City Council decide that they no longer want the property to be kept as affordable housing then the owner will be entitled to sell the property on the open market. The owner will be entitled to receive 70% of the open market value, with the remaining 30% of the open market value going to Aberdeen City Council to be used for future affordable housing provision.
The successful purchaser owns the property outright and retains full title. Aberdeen City Council retain an interest in the property through a standard security which the owner and each subsequent owner will grant, execute and register at their own expense. Aberdeen City Council make a charge for the legal work involved. This is currently £150 + VAT and would normally be split between the seller and purchaser. There is also a £60 registration charge.
Any property purchased under this scheme must be your only home.
Whilst Aberdeen City Council prioritise applicants for the property, any contractual agreement relating to the purchase is entered into directly with the seller and does not involve Aberdeen City Council. It is recommended that any prospective purchaser discuss the purchase with their legal adviser.
Factoring Fees - £19 per month (These figures are provided by the seller, prospective purchasers should check for accuracy before proceeding)
Whilst the particulars have been prepared with care and are believed to be accurate, no liability for any errors or omissions therein or the consequences thereof will be accepted.Styles and layouts may vary between properties.