2 bedroom house for sale
5 Hawthorne Close, Mickleover, DE3 9PA
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Monthly Cost: £938
Rent £258,
Service charge £53,
Mortgage £627*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
New 2 bedroom mid-terrace house in the Bramble Gate development. The price advertised represents purchasing a 50% share of the home.
Description
New 2 bedroom mid-terrace house in the Bramble Gate development. The price advertised represents purchasing a 50% share of the home.
About the Development
Bramble Gate is a brand new development by Bloor Homes, located just off Station Road in the popular Derby suburb of Mickleover.
The first phase of Shared Ownership properties will feature a selection of 2 and 3 bedroom family homes. These semi detached and terraced houses are built to a high spec and are the perfect place to embark on a shared ownership journey.
About the Home
This is a 2 bedroom home which upon entry is the hall which leads on one side to the spacious and separate lounge and in turn through to the Kitchen/Dining area. Here you will also find the ground floor WC and access to the private garden. On the first floor you have access to both bedrooms as well as the three piece bathroom with shower over bath.
About the Area
Mickleover is a very popular location within 3 miles of the City of Derby. It is very close to a number of key amenities, including Derby Royal Hospital, Mickleover Primary School, Murray Park Community School, and Ravensdale Infant School.
There is also a comprehensive array of local shops, post office, pubs, and a local petrol station, Tesco Supermarket within walking distance of the Bramble Gate development.
Very good transport links are provided via the A50 & A38, with close access to the M1 motorway.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- Open plan kitchen/dining room
- Rear garden
- Spacious lounge
- Ground floor WC
- Storage space
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 5.03%
