A new pathway home with Share to Buy
|

3 bedroom house for sale

Available

Carlen Drive, DE24 8YG

£117,500 · Shared Ownership New Build

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Available
3 bedrooms
3 Bathrooms
Private Garden
Pets allowed
Parking
Enquire today and you could be celebrating Christmas in your new home!
£117,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £235,000, £5,875 Min Deposit.

Monthly Cost: £970
Rent £269, Service charge £46, Mortgage £655*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
Summary

The perfect blend of modern living, with high quality features and spacious designs and hey, presto! Welcome to the Meadowsweet! Be one of the first to enquire about this stunning family home.

Description

Property description:

If you’re looking for a stylish family home in a winning location, then look no further than The Meadowsweet.

This comfortable three-bedroom home has been carefully designed to provide all the space you could need, together with thoughtful additions such as a downstairs WC and separate storage.

On the ground floor you can relax in the spacious lounge or cook up a storm in the modern kitchen-diner, which benefits from direct access through French doors onto the private rear garden. Upstairs you will find single and double bedrooms, a sleek family bathroom and the delightful main bedroom with its own en-suite.

The Meadowsweet comes with fitted vinyl flooring and carpets throughout.

Development description:

Ideal for family living, each contemporary three-bedroom home benefits from modern features along with plenty of flexible living space, including a well-designed private rear garden. A focus on energy-efficiency also means your home will cost less to run.

Why not embrace a whole new lifestyle in this well-located Community, with all the amenities you could need nearby in the thriving city of Derby.

Key Information

  • 832 Sq.Ft
  • £553.32 service charge per year
  • Council tax band TBC
  • Energy rating TBC

Example of Financial Breakdown:

  • Full market value: £235,000
  • 50% share value: £117,500
  • 5% deposit: £5,875
  • Rent charged on un-owned share: 2.75%
  • Monthly Rent on un-owned share (60%) £269.27
  • Monthly Estimated service charge: £46.11

All our Marble Square homes are for sale via Shared Ownership, the government-backed scheme that lets you buy a percentage share of your new home.

With your deposit starting from just 5% of the share you buy (not the full property price) it’s possible to make your move sooner.

This key information document is to help you decide if shared ownership is right for you. Please note that the examples and figures are correct at the time of issue but will change over time in accordance with changes in house prices and the terms of the shared ownership lease.
This document is also available in accessible formats. To request a copy please contact our sales advisor.

Computer generated images and photography are intended for illustration purposes only and should be treated as general guidance only. Please refer to the sales team for further information. EPC on completion.

There are 999 Years remaining on the lease. The annual Management & Service Charge is £553.32 per annum. This is a new build property, and we are awaiting local authority assessment for the council tax banding.

Lease, Management and service charges have been provided by the Housing Association, but their accuracy cannot be guaranteed, as we may not have seen the original lease. Should you proceed with the purchase of the property, lease details must be verified by your solicitor.


About the area

Marble Square, Nightingale Road is located in Osmaston, a little over 2 miles from Derby city centre, with its lively cultural scene, diverse restaurants and sustainable living. Look out for Derbion shopping centre, home to over 200 household names, a vibrant food terrace and an impressive leisure and entertainment hub.

The development enjoys excellent transport links, with direct access to Derby via the A6 and the M1 around a 15 to 20-minute drive away. From Peartree Railway Station (less than a mile away), you can reach London in around 1 hour 35 minutes and Birmingham in just 33 minutes.

Please click on brochure below for further details.

Key Features
  • Plot 59 The Meadowsweet, Shared Ownership display share is 50%

  • Full market value of £235,000

  • Ground floor w/c

  • Off road parking for 2

  • Solar panels

  • Symphony fitted kitchen with integrated appliances*

  • Flooring fitted throughout.

  • Main with en-suite

Particulars

Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Key Information Document Brochure Brochure
Map
Peartree (0.48 miles) Derby (1.24 miles) Spondon (2.35 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes

Outside Space/Garden: n/a - Private Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

Read More Read Less
  • 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.

£117,500
Shared Ownership New Build
Estimated Monthly Cost:£970
Rent £269
Service Charge £46
Mortgage £655

Share percentage 50%, full price £235,000, £5,875 Min Deposit. Calculated using a representative rate of 5.03%


Development banner
Development
View development
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.