2 bedroom house for sale
Orchard Drive, Nottingham, NG12 3TP
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Share percentage 50%, full price £220,000, £5,500 Min Deposit.
Monthly Cost: £937
Rent £257,
Service charge £67,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
Spacious mid terraced bungalow now available in Nottingham through Shared Ownership.
The property comprises a wide living room with an open-plan fitted kitchen, two bedrooms and a shared bathroom.
The property has a drive with front and rear gardens.
Available for £110,000 for 50% share based on the marketing figure of £220,000.
Monthly rent - £256.66
Monthly Service Charge - £66.73
Total Monthly Charge - £323.39 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThere is a bus that goes through the estate which goes into Nottingham and more bus links in the village. There is a park and ride in the village as well. It is a 5minute drive to West Bridgford and 15 minutes to Nottingham.
In the village of Cotgrave there are are a number of small shops including a co-op and a Sainsbury’s. There is a leisure centre and there are 2 schools which are a a 20-25-minute walk away.
Two minute walk away from the bungalow is Cotgrave Country Park which is an amazing country park full of walks and wildlife. There is a fishing lake, bike track and dog pool.
Energy 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 bungalow
- Double driveway
- Private gardens
- Close to green areas
- Available for 50% 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 50%, full price £220,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
