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Opportunity to buy one-bed Langham apartment through 'affordable housing' scheme

View newly listed local properties each week from Oakham Nub News and local agents, from family homes to unique plots and properties.


By Evie Payne

24th Jan 2024 | Property of the Week


The property is located on Langham's Ruddle Way. Image credit: Murray.
The property is located on Langham's Ruddle Way. Image credit: Murray.

Looking to find a new home in Rutland, or just being nosey?

Then look no further than our Property of the Week feature.

Murray Estate Agents have brought to the market a one-bed flat in Langham with a guide price of £109,930.

The house?

Attractive self-contained first-floor Coach House apartment situated at the end of a cul-de-sac within this well-regarded Rutland village, close to the county town of Oakham.

The apartment is situated over the access to the car park and benefits from a covered off-road parking space and a further allocated parking space within a purpose-built area.

As part of the Affordable Housing Scheme, you own 100% of the property but can only sell at a price calculated by applying a nationally recognised House Price Index to the purchase price to ensure it remains affordable in perpetuity.

The lounge area is light and bright. Image credit: Murray.

The ground floor accommodation on offer comprises of an entrance hall, which leads to the first floor, where potential buyers will find the sitting room, kitchen, inner hall, bedroom and a bathroom.

Thie kitchen is easy to manage and has the essentials. Image credit: Murray.

The price of £109,930 is for 100% ownership and is subject to a Section 106, Town & Country Planning Act 1990 restriction, dated 11th September 2001, part of which states:

"With the intent that the Affordable Housing shall remain low cost housing in perpetuity the Developer shall ensure that the sale of every dwelling comprising the Affordable Housing shall be made subject to a restrictive covenant to the effect that :- (i) any future sale of the dwelling shall not be for a consideration greater than the price paid by such future Seller upon his purchase of the dwelling increased or decreased as appropriate in accordance with any percentage change in average national house prices since the date of the said Seller's purchase of the dwelling as calculated by the Halifax Price Index or, in the event of that Index ceasing to be published, as calculated by such other house price index which fulfils the same purpose as shall be agreed between the said Seller and his Buyer of the dwelling."

The bedroom is large enough and tidy. Image credit: Murray.

As part of the Affordable Housing Scheme, you own 100% of the property but can only sell at a price calculated by applying a nationally recognised House Price Index to the purchase price to ensure it remains affordable in perpetuity.

The garden?

 The garden offers an enclosed outdoor space requiring some further cultivation.

The garden has a great deal of potential. Image credit: Murray.

The area?

Langham is a friendly village with a lovely pub, community hall and beautiful surroundings.

The key market towns of Oakham, Uppingham and Stamford are close by, each with renowned schools, are all within a 10 mile radius, whilst Rutland Water at the heart of the county offers recreational activities, with sailing, fishing clubs, along with picturesque walks and cycle routes.

There are also top local schools and excellent transport links from Oakham and the surrounding areas, including a direct rail link to London Kings Cross/St Pancras.

View the property in full online, or chat to the team by calling 01572 494 664.

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