2 bedroom house for sale
Magpie Crescent, Nottingham, NG2 7ZJ
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Share percentage 40%, full price £285,000, £5,700 Min Deposit.
Monthly Cost: £1,080
Rent £339,
Service charge £106,
Mortgage £635*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
Modern two-bedroom semi-detached house in Bridgford, Nottingham available through Shared Ownership.
The ground floor comprises an entrance hall with storage cupboards, a kitchen, a large reception room, and a separate WC. The first floor comprises a landing, two bedrooms, one with a fitted wardrobe, and a family bathroom.
The property also benefits from a large private rear garden and an off-street parking space.
Key Information Document
Available for £114,000 for 40% share based on the marketing figure of £285,000.
Monthly rent - £339.02
Monthly Service Charge - £105.52
Total Monthly Charge - £444.54 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located in a residential area in Bridgford, Nottingham close to a range of local amenities including supermarkets, shops, cafes, pubs, gyms, schools, and more.
The property is roughly a 10-minute drive from the centre of Nottingham and only a short walk to the Wilford Lane tram stop. Nottingham train station provides good transport links including connections to London, Birmingham, and Leicester.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 120
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 semi-detached house
- Modern estate (2019)
- Private rear garden
- Two WCs
- Available for 40% 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 40%, full price £285,000, £5,700 Min Deposit. Calculated using a representative rate of 5.03%
