Wadebridge, PL27 7FG

Flat 1 Bedroom 1 Reception 1 Bathroom
Sale agreed £70,000

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, Wadebridge PL27 7FG

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Key Features
  • SUBJECT TO 106
Property Description

Additional Information

An well presented 1 bedroom apartment within level walking distance to the town and all its amenities. Subject to a 106 planning agreement and being sold at 50% of its market value. EPC rating C

LOCATION    Market place leads straight onto Polmorla Road and is only a short level walk into Wadebridge Town Centre. Number 7 has the use of communal garden and parking spaces.

106 RESTRICTION    The property is subject to a 'Local Connection' restriction under a Section 106 Planning Agreement. This requires any purchaser to fulfil one of the following requirements:(a) a person who has been ordinarily resident in the Locality for the last three years(b) a person who has previously a resident in the Locality for a minimum of five years at some time in the past(c) a person with a close family connection int eh Locality for a minimum of five years where a caring depending relationship can be established(d) a person who has permanent job in the Locality or who has an unconditional offer of a permanent job.'Locality' means the parishes of Wadebridge, Egloshayle and St Breock.

LEASE    The property has the remaining balance of a 125 year lease granted in 2008. We also understand that there is a £870 annual management charge for the maintenance of the communal areas.

AFFORDABLE DWELLING    Means the property can only be sold for 50% of the market value.

FINANCIAL QUALIFICATION    Means the level of income which a qualifying person must not exceed to qualify for an affordable dwelling which is as follows:(a) individuals - gross income not exceed a maximum of £25,000 per annum (this figure is approximately the average wage level and will be adjusted in line with average wages)(b) Households - gross income not to exceed a maximum of £35,000 per annum (this figure is approximately the average wage level and will be adjusted in line with average wages)

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