Meadowbrook, Ryde
Shared Ownership £57,500

Sold STC
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  • 50% (£67,500) Shared Ownership Flat
  • Beautifully Presented Interior
  • 1 Double Bedroom
  • 9'7 Bathroom with Shower over Bath
  • Secure Entry & External Dustbin Storage
  • 11'9 Lounge
  • D/Glazing & Gas C/Heating
  • External Brick Built Store
  • No Onward Chain

Why wait? View this property now via our Online Video Tour.................Generous first floor apartment in purpose built block. The generous interior is sensibly designed and smartly presented ready for the new owner to take up occupation. We offer this property for sale on a Shared 50% Ownership basis with the remaining 50% attracting a monthly rent payable to Sovereign Housing (see notes). There will be opportunity for the buyer to increase their share of the property by 'staircasing'. The successful purchaser will need to be an Island resident and qualify for the Help to Buy Scheme and meet the requirements of Sovereign Housing. The comfortable lounge and separate kitchen are accompanied by a spacious double bedroom and a particularly sizeable bathroom. There is secure entry to the building and outside there is an allocated external storage shed and allocated parking space for this flat. Meadowbrook is a small close of modern homes tucked away within a quiet corner of Binstead. It is well placed for bus routes and sits just around the corner from the Village amenities and local golf club. The adjoining principle town of Ryde is host to a far broader selection of retail options and associated facilities which are among the best found anywhere on the Island. The nearby golf course offers a pleasant walk down to Binstead's coastline and natural beach which also connects to the coastal path circumnavigating our pretty Island.

Communal Entrance
First Floor Landing
Entrance Hallway (8'11 max x 8'9 max)
Built in Storage
Lounge/Diner (11'9 x 11'0)
Kitchen (8'8 x 8'2)
Bedroom (11'10 x 10'9)
Bathroom (9'7 x 6'2)
Built in Storage
Allocated PARKING Space
External Storage Shed - Lockable
Communal Facilities: Secure entry system. Dustbin storage area.
86 Years remaining
No Onward Chain
50% Purchase = £57,500. Remaining 50% attracts rent to Sovereign Housing of £174.30 per month
Maintenance Charges - £71.41 per month
Successful Purchaser will need to be an Island resident and meet the criteria of Sovereign Housing
Contact us directly for further information

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Ryde PO33 3NN
County: Isle Of Wight
Sale Type: Sold STC
Ref #: RY00002026

T: 01983 611511
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