- Share sold: 50%
- Rent payable: £322 per month
Council Tax Band: C
Tenure: Freehold
Shared Ownership:
Bawdsey, situated at the mouth of the River Deben on the beautiful Suffolk Heritage Coast, has its own primary school, and is in the sought after Farlingaye catchment area. Nearby attractions include Sutton Hoo, Orford Ness and Snape Maltings. Bawdsey is approximately nine miles from the historic market town of Woodbridge, with an extensive range of amenities including railway station, excellent schools, independent shops, boutiques, restaurants, public houses, cinema and a leisure centre with swimming pool.
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Front door in to...Entrance Hall
Radiator, stairs to...Cloakroom
Two piece suite comprising low level WC and wall mounted wash hand basin,Lounge
17' 9" x 9' 6" ( 5.41m x 2.90m )Window to front, patio doors to garden, cupboard under stairs and 2 radiators.
Kitchen/diner
17' 8" x 9' ( 5.38m x 2.74m )Windows to front, side and rear with made to measure blinds, laminate flooring, 2 radiators, single sink, space for white goods, electric hob, oven and extractor, tiled splashback.
First Floor Landing
Window to rear, airing cupboard and access to loft.Bedroom One
16' 4" x 10' 4" max. into wardrobe ( 4.98m x 3.15m max. into wardrobe )Window to front with made to measure blinds, radiator, wall to wall wardrobes.
Bedroom Two
12' 4" x 9' 1" ( 3.76m x 2.77m )Bedroom Three
9' x 8' 3" ( 2.74m x 2.51m )Window to rear and radiator.
Bathroom
Partially tiled, 3 piece suite comprising low level WC, pedestal wash hand basin, bath with shower over, window to rear and radiator.Outside
Panel fence enclosed garden. Block paved drive with double wooden gates,. To the rear there is a paved patio area, shed with lean-to pergola over, decking and flowerbeds.Agent's Note
The 50% share the shared owner is selling is £180,000 (as per the latest RICS Valuation dated 15 November 2023). The remaining 50% share which Orwell Housing retains, is £180,000 and has a rent payable of £327.20 plus a estate charge of £16.00, total = £343.20 per calendar month.The lease is dated 26 March 2021 and the term is 125 years (remaining term 123 years). There is no ground rent.
If any applicant is purchasing as a shared owner, they will have to live, work or have family in the East Suffolk Council area.
If someone would like to purchase 100% of the property, the buyer would remain a leaseholder and never own the freehold. The property has a protected lease, the lease enables the shared owner to purchase up to 100% but they only ever remain a leaseholder, the freehold IS NOT transferred. The lease also has a mandatory buy-back clause so that when the acquired percentage owned by the shared owner is more than 80% and they wish to sell the property, the shared owner will offer the property back to Orwell Housing Association and they have first refusal to repurchase at the current market value or find a nominee to purchase the property.
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