2 bedroom house for sale

Available

Orchard Drive, Nottingham, NG12 3TP

£117,500 · Shared Ownership Resale

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

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£117,500 Shared Ownership Resale

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

Monthly Cost: £976
Rent £245, Service charge £76, Mortgage £655*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

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Summary

A 2 bed shared ownership property available in Nottingham, Nottinghamshire

Description

This bright, modern , spacious two bedroom mid terraced house is now available in Nottingham through Shared Ownership.

The property comprises an entrance hall, a spacious living room, a separate modern kitchen, two bedrooms, a bathroom and a toilet.

Outside, there is a private front and rear garden. Driveway for 1 car up front. Perfect for couples or small families.

Available for £117,500 for 50% share based on the marketing figure of £235,000.

Monthly rent - £245.17
Monthly Service Charge - £75.90
Total Monthly Charge - £321.07 plus mortgage required for 50% share.

An annual rent increase takes place every April

Location

There 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 property 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.

EPC rating

Energy rating band - B
Environmental impact band - A

Lease information

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 bed mid terrace
  • Private front & rear garden
  • Modern kttchen
  • Driveway for 1 car
  • Available for 50% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Radcliffe (Notts) (1.91 miles) Netherfield (3.36 miles) Carlton Station (3.57 miles)
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.

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  • 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 Resale
Estimated Monthly Cost:£976
Rent £245
Service Charge £76
Mortgage £655

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


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.