Flat for sale in Arifield Road, Bury St. Edmunds IP32
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Utilities and more details
Property features
- Communal garden
- Balcony
- On street/residents parking
- Over 55s
- Extra Care Scheme
- 75% Share available
- Ensuite Shower Room
- Private Balcony
- Communal Garden
- Parking to the rear
Property description
Full Market Value: £193,333
Share Available: 75%
Monthly Service Charge: £537.55
Weekly Core Care Charge: £58.07
Remaining Lease Term: 114 years
About the Property
The property boasts a number of key features such as an entrance hall, bedroom with en suite shower room, open kitchen/lounge, and a private balcony. There is a communal car parking area to the rear.
Oxlip House is host to a variety of amenities including a hair salon*, treatment room*, resident shop, scooter store, guest room*, lounge, cinema room, library, laundry room, cafe* and sun terrace.
About the Area
Bury St Edmunds, commonly referred to as Bury, is a historic market town and civil parish in the in the county of Suffolk, England. Bury St Edmunds Abbey is near the town centre. Bury is the seat of the Diocese of St Edmundsbury and Ipswich of the Church of England, with the episcopal see at St Edmundsbury Cathedral.
The town, originally called Beodericsworth, was built on a grid pattern by Abbot Baldwin around 1080. It is known for brewing and malting (Greene King brewery) and for a British Sugar processing factory, where Silver Spoon sugar is produced. The town is the cultural and retail centre for West Suffolk and tourism is a major part of the economy.
Bury St Edmunds railway station serves the town, operated by Abellio Greater Anglia, on the Ipswich to Ely Line. Trains run seven days a week, every two hours to Peterborough and hourly to Ipswich and Cambridge. Trains from Peterborough continue to Ipswich after Bury St Edmunds. Onward train connections from Cambridge link with London King's Cross, London Liverpool Street, Stansted Airport, and Ipswich which provides connections to Liverpool Street via Colchester for example.
Shared Ownership for the over 55's - How does it work?
Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Oxlip House provides you with the privacy of your own apartment but with the sense of community.
You buy a share in your home (50% or 75%) with the remaining share owned by bpha. There is no rent to pay on a 75% purchase. This property has a 75% share available to purchase.
In the future, you can simply sell your share for its value at the time of sale (current market valuation required).
To qualify for the property, applicants will be required to have a sale agreed on their current property (if applicable) and have to be approved by Help to Buy East and South East, pass the necessary checks, and be over the age of 55.
The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment.
Please note, applicants individual care needs will be assessed once an application has been made, however any potential purchaser will be required to pay for tailored care, with the amount confirmed by the care provider, in addition to the charges stated above.
*Fee Applies
Property info
For more information about this property, please contact
Domovo, MK41 on +44 1234 677730 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Domovo, and do not constitute property particulars. Please contact Domovo for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.