Flat for sale in Highwood Drive, Nailsworth, Stroud, Gloucestershire GL6

Stunning two double bedroom top floor apartment, situated within a modern development in an elevated position close to Nailsworth. Classed as a low cost affordable housing unit, this property has been priced accordingly below market value, but is 100% ownership.

Built in 2005, the accommodation is generous and well proportioned, to which the space provides the ability to move in with ease and comprises of: Entrance hall with useful storage cupboards, dual aspect open-plan kitchen/living room, two double bedrooms with views towards the surrounding valleys and a main bathroom complete with white suite. Externally, there is an allocated off-road parking space, and this home is situated close to: Various amenities, superb transport links, schooling and leisure spots, all of which can be found in Nailsworth itself or further out in the Cotswold market town of Stroud, situated just four miles away.

Property Information: Leasehold, 125 years lease from 1 January 2005 (Circa 106 years remaining at the time of listing), Management Company - cmg, Service charge is circa £1,200 pa (Includes building insurance).

** please note - This apartment is classified as a low cost affordable housing unit. You will own 100% of the property but its price is capped at 75% of market value and you would have to re-sell it at 75% market value. You are unable to purchase this property as an investment - Please see below for further details **

Low Cost Affordable Housing Unit

Highfield Drive is a Low Cost Affordable Housing Unit (discounted sale) and such units are subject to a s106 Legal Agreement that sets out a prescriptive sales process involving direction by the Council.

The terms of the Legal Agreement stipulate that no sale of the property can take place at more than 75% of the open market value and that the property should be purchased by a person(s) in housing need whose use of the property will be as their main and principal home. The associated s106 Legal Agreement describes a ‘person in housing need’ as:

• ‘A person whose housing needs are not met by the market and is unable to compete in the local housing market as a result of the relationship between his or her income level and the rents or prices of such housing’.

So, in essence this property is to be sold to a purchaser(s) who is unable to afford a full market price property sufficient for their needs on the open market without the discount.

The Council is required (truncated)