2 bedroom house for sale
37 Elizabeth Drive, NG12 4LG
Share percentage 50%, full price £265,000, £6,625 Min Deposit.
Share percentage 50%, full price £265,000, £6,625 Min Deposit.
Monthly Cost: £1,152
Rent £389,
Service charge £25,
Mortgage £738*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
A beautifully presented 2-bedroom home in Edwalton, Nottinghamshire
Description
Introducing this fantastic two-bedroom semi-detached house, an ideal opportunity for first-time buyers looking to step onto the property ladder through shared ownership. Nestled in a sought-after location, this home offers easy access to a wealth of local amenities, hospitals, countryside walks, excellent transport links, and commuting options.
Upon entering, you'll be welcomed into the open-plan living area, featuring a modern fitted kitchen and a convenient ground floor W/C. This bright and airy space provides the perfect setting for entertaining guests or relaxing. Ascending to the upper level, you'll discover two generously sized double bedrooms along with a three-piece bathroom suite, offering comfortable accommodation.
Outside, the property boasts on-street parking to the front. To the rear, there is access to off-street parking and an enclosed garden, complete with a lawn and a patio seating area, providing the perfect for enjoying the outdoors.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Semi-Detached House
- Two Bedrooms
- Spacious Reception Room
- Fitted Kitchen
- Ground Floor W/C
- Three-Piece Bathroom Suite
- On-Street Parking
- Sought-After Location
- Tenure:Leasehold (999 years from 28/06/2022).
- Share Available:50% (£132,500).
- Shared Ownership Rent:£388.90 per month (subject to annual review).
- Lease Management Fee:£23.52 per month (subject to annual review).
- Annual Buildings Insurance:£15.32 per annum (subject to annual review).
- Council Tax:Band B, Rushcliffe County Council.
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: B
Property Downloads
Key Information Document Floor PlanMap
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 £265,000, £6,625 Min Deposit. Calculated using a representative rate of 5.03%
