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All
properties now reserved!
Anticipated Completion May 2010
Part of the Bellway Homes development at Ty Glas, Llanishen CF14
5DU
Homes within Reach,
in partnership with Cardiff County Council,
have a selection of one and two bed apartments available for
sale which are incorporated in a block of 26 apartments.
Click on the links below for information:
Property Dimensions
Property Elevations
View
site plan
View
floor plans
View
floor plans
The properties are offered on a
‘shared equity’ basis and, on this particular development,
you may exercise the following options:
· You
may purchase between a 50% to 90% equity share in a property in
the 1st instance. EG. If the open market value
of the property is £115,000 and you wish to purchase a 50%
equity share, you will pay £57,500. You do not pay rent or
repayments to the housing association on the remaining
percentage.
· You
may increase your equity share at a later date by purchasing
additional equity from the housing association (in portions of
no less than 10%)
· You
may purchase the whole amount of equity outright from the
housing association but this is normally restricted to the first
3 years of occupation
· You
may reduce your equity share by offering a portion to the
housing association to purchase back (in portions of no less
than 10%) if, for example, your
circumstances change and you no longer can sustain the existing
level of mortgage. Please note, however, you will not be
able to reduce your mortgage to less than 50%
· You
may sell your property back to the housing association and
revert to a tenant paying rent
The
amount of equity share you purchase will be based on your
ability to provide an affordable mortgage, together with any
savings that you may have.
Property Detail and
plot numbers
|
Property |
Plot |
Open Market |
Purchase |
Status |
|
Type |
|
Value |
Price |
|
|
1 bed |
42 |
£95,000 |
From £47,500
|
Reserved |
|
Apartments |
43 |
Reserved |
| |
44 |
Reserved |
| |
47 |
Reserved |
| |
49 |
Reserved |
| |
50 |
Reserved |
| |
51 |
Reserved |
| |
52 |
Reserved |
|
2 bed Apartments |
41 |
£115,000 |
From £57,500
|
Reserved |
|
46 |
Reserved |
|
48 |
Reserved |
|
2 bed Apartment |
45 |
£120,000 |
From £60,000 |
Reserved |
The equity values stated above are
based on Open Market Value of the properties at the time of
publication. It may be subject to change as market conditions
change. For example, if the open market value of a property
changes this will result in the equity share being adjusted to
reflect this change.
Service Charge
As these properties are being sold on a 'leasehold' basis, they
are subject to a service charge. This calculates to £9.77
per week.
Amenities
There is a wealth of amenities in the area, including schools,
post office, bank, local library and fitness centres. As well as a
wide range of shops there is a supermarket next to the
development.
Transport
There is a regular bus service on your doorstep and train
station nearby making the area
great for commuting into Cardiff plus there is easy access to
the M4 and M48.
How to
apply
The housing association can only accept
nominations made by Cardiff County Council. Therefore, in
the first instance, please register
and request an application form from the
council tel
029 2053 7366 or
email
LCHO@cardiff.gov.uk
.
The
Council will assess your application and eligibility, and if you
are successful, you will be nominated to the housing
association.
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