2-bedroom flat · EH42 1RF
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Plot 224 | The Tyne | Belhaven Way Low Cost Home Ownership - Low Cost Housing is an East Lothian Council scheme designed to help customers who may not be able to buy a suitable home on the open market.
These apartments are available at a fixed, discounted price, making home ownership more accessible for eligible buyers. Subject to criteria, T&Cs below apply.
- Low Cost Housing is available to eligible purchasers who can demonstrate they are unable to purchase a suitable property on the open market without assistance.
All applications are subject to eligibility and affordability checks, including independent assessment and approval by East Lothian Council.
Applicants must be able to secure a mortgage, provide all required financial evidence, and demonstrate a local connection to East Lothian.
Priority is typically given to first-time buyers; however, second-time buyers with a demonstrated housing need may also be considered.
Properties are sold at a fixed discounted price in line with local authority policy. The property must be the purchaser’s sole and permanent residence and cannot be let or sub-let.
If currently owning a property, applicants must sell their interest prior to or at the point of purchase.
On resale, East Lothian Council must be notified and retains rights in line with the original discount applied.
Sale values and timescales will be subject to valuation, local authority processes and market conditions.
Purchasers are responsible for all costs associated with buying the property, including mortgage, legal, survey and registration fees.
Ongoing costs such as maintenance, insurance, and any applicable factoring charges also apply.
Applications are assessed on a first come, first served basis within priority groups, subject to eligibility. False or misleading information may result in the application being declined.
Low Cost Housing cannot be used in conjunction with other government-backed schemes, including LIFT or the First Home Fund. Independent financial and legal advice should be sought before proceeding.
Scheme may not be accepted by some lenders or may lead to refusal to provide a mortgage based on your circumstances.
Offer is subject to your lenders criteria and may reduce the equity to mortgage ratio. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Our usual reservations and sales terms and conditions apply. The Tyne 2-bedroom apartment is an attractive place for buyers to call home.
This apartment is a perfect first home for those looking to take the leap on the property ladder. The central hallway leads to the lounge with adjoining kitchen.
The living area feels bright and spacious. When you do venture to your bed at night, there’s space for visitors or kids in bedroom two, and a private sanctuary for you in the large bedroom one.
You can store coats and shoes in the useful storage cupboard in the hallway.
Tenure: Freehold Estate management fee: £392.50 Estate management company: Hacking and Paterson Council Tax Band: C EPC rating: TBC Warranty provider: NHBC Document signing fee: £120 First Time Buyer Stamp Duty Land : Estimated amount may apply depending on buyer circumstances.
Please check with your solicitor or current government guidance. Second Time Buyer Stamp Duty Land Tax : £400. Estimated amount may apply depending on buyer circumstances.
Please check with your solicitor or current government guidance.
Investor reservation fee: 1% of purchase price Private sale reservation fee: £1,000 Room Dimensions First floor Bathroom - 2.50m x 2.02m, 8' 2" x 6' 6" Bedroom 1 - 2.60m x 4.75m, 8' 5" x 15' 6" Bedroom 2 - 3.23m x 2.51m, 10' 6" x 8' 2" Kitchen - 2.91m x 2.24m, 9' 5" x 7' 3" Living Dining Room - 4.43m x 3.94m, 14' 5" x 12' 9"
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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