Sold STC - 1 bed Apartment

• 35% Shared Ownership
• 1 Bedroom
• Allocated Parking
• Immaculate Condition
• First Floor
• Located in Houlton
• Can be Purchased at 100% Ownership
• VIRTUAL TOUR

35% SHARED OWNERSHIP APARTMENT. This immaculately presented 1 Bedroom apartment is being sold on a 35% Shared Ownership basis. Situated on the 1st floor of the building and with views over the neighbouring "Nature Walk" area the apartment has a light and airy feel throughout. The apartment is situated in Houlton and is just a short walk to amenities and local shops, including the popular Tuning Fork restaurant, The Co-Operative and Houlton Childrens Park. Houlton benefits from well regarded schooling, including St. Gabriel's C of E Academy and Houlton School. Houlton further benefits from excellent transport links to include regular bus routes, easy access to the central motorway links (M1/M6 and M45) and is approximately a ten minute drive from Rugby train station which operates services to London Euston in under 50 minutes. It is also a short drive to Rugby town centre which offers a great selection of High Street & independent shops as well as a wide range of restaurants, bars and coffee shops. This apartment can also be purchased at 100% ownership at the figure of £168,500.

Entrance Hall

Accessed through the front door from the communal areas. The entrance hall gives access to all of the apartment's accommodation along with providing further access to a useful storage cupboard.

Open Plan - Living/Kitchen Space (6.13m x 3.63m)

A wonderfully bright and airy room with two full length windows to the rear elevation and a further window to the side elevation. In addition to one side elevation there is a Juliet balcony which has a view over the neighbouring Houlton "Nature Walk". The living area and kitchen area are neatly defined with a subtle change in the flooring. The kitchen itself comprises of a range of base and eye level units with a complementary worktop over. Within the kitchen there is a fitted electric oven with a four ring gas hob and extractor fan over, in addition there is a fitted fridge/freezer. Further space and plumbing is available for a washing machine. An eye-level cupboard houses the gas boiler.

Bedroom (2.97m x 3.87m)

A double bedroom with a Juliet balcony to the side elevation that benefits from a pleasant view. Within this double bedroom there is ample space for wardrobes.

Bathroom (1.9m x 2.29m)

With a suite that comprises a low-level flush WC, wash hand basin and panelled bath with mixer shower over. Within the bathroom there is tiling to all splash back areas along with a wall-mounted heated towel rail. In addition there is a frosted window to the side elevation.

Communal Areas

With access to Tuning House being available from either the front or rear of the building. The front is accessed from Maine Street itself with the rear being from the communal car parking area. To the ground floor of the building is a fully tiled floor with stairs that rise to the first floor. From the first floor communal landing access is obtained to the apartment itself.

Parking

Within the communal car park, which is accessed off Shaughhessy Wy. There is one allocated parking space, which is marked by the letter E. Additional visitor parking is available on a first come first serve basis.

Lease Information

This property is being sold on a leasehold and shared ownership basis. The lease was created on 2nd March 2020 and is set for a period of 125 years ending 2nd March 2145. There is around 120 years remaining on the current lease.

Rent and Service Charge

A rent charge is payable for the portion of the property that is not owned. A rent review has recently been carried out and from April 2025 the rent will be set at £281.98 per month (£3,383.76 per year).

A service charge is payable for the upkeep of the building and communal areas internally and externally. A recent review has taken place and from April 2025 the service charge will be set at £148.03 (£1,776.36 per year). The service charge covers the buildings insurance.