2 bedroom house for sale
Hornbeam Close, Edwalton, NG12 4GH
Share percentage 75%, full price £270,000, £10,125 Min Deposit.
Share percentage 75%, full price £270,000, £10,125 Min Deposit.
Monthly Cost: £1,370
Rent £151,
Service charge £91,
Mortgage £1,128*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Edwalton, Nottingham
Description
Bright and modern end terraced house now available in Edwalton, south Nottingham, through Shared Ownership.
The property comprises a wide living room, an open-plan kitchen, and a small toilet on the ground floor. Upstairs, there are two bedrooms with a shared bathroom. This could be ideal for a couple or a small family.
The estate was built in ca. 2019 and has two allocated parking spaces at the front.
Key Information Document
Available for £202,500 for 75% share based on the marketing figure of £270,000.
Monthly rent - £151.35
Monthly Service Charge - £91.12
Total Monthly Charge - £242.47 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area in Edwalton, South of Nottingham, and about a 10-minute drive away from the city centre.
Road travel is convenient, thanks to the A52, A606 and A453 highways just around the corner. The M1 motorway is also just 10 miles away.
All amenities are nearby, including fast food chains and a large supermarket, with more in Nottingham.
There are also several schools in the area, some of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 118
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom end terraced house
- Modern building (2019)
- Two toilets
- Allocated parking
- Available for 75% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 75%, full price £270,000, £10,125 Min Deposit. Calculated using a representative rate of 5.03%
