3 bedroom house for sale
Off The Long Shoot, Nuneaton, CV11 6JW
Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Share percentage 40%, full price £275,000, £5,500 Min Deposit
Monthly Cost: £1,038
Rent £378,
Service charge £47,
Mortgage £613*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
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.
- You have a good credit history (no CCJ’s, defaults, IVA’s, or bankruptcy outstanding).
- You are assessed as being able to afford and sustain shared ownership.
Summary
*£500 CASHBACK^* Brand New 3 Bed Semi-detached house on the outskirts of Nuneaton. Open Plan layout, kitchen with oven/hob, flooring throughout, a private garden & parking
Description
*PLOT 108 - £500 CASHBACK^* Shared Ownership home on a new development called Lockley Gardens. The location offers excellent transport links & is just 3 miles from Nuneaton town centre with its local amenities, shops and restaurants.
3 Bedroom Semi-detached House:
- Entrance Hall with stairs to 1st floor
- Downstairs WC
- Open plan Living Room/Kitchen with French doors to rear garden
- Fitted Kitchen includes oven, hob & hood
- Three bedrooms
- Bathroom with shower over bath
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
Lockley Gardens is situated off The Long Shoot near to the A5. Nuneaton is a great place to call home, with a strong sense of community and offering everything that you would expect of a large, established town, with a good range of independent shops as well as many of the big high street names. This popular market town also offers a good choice of primary and secondary schools and a selection of bars, eateries and leisure facilities. The location benefits from excellent transport links & easy access to the midland motorway network.
PRICE
3 Bedroom £275,000 (100%)
40% share* £110,000 Rent = £378.13
75% share £206,250 Rent = £157.55
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £15.32
Service/Estate Charge: £9.80
^£500 Cashback available on our last plot. Subject to terms and conditions and only payable upon completion, on or before 27th March 2025.
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
*The Price advertised is for our target share of 40% and is for illustration purposes only (to give an indication of the cost of purchase, rent, etc); it is not the minimum or maximum that is available for purchase. Other shares are available upon request & will be based on affordability, proceed ability & sustainability. There are opportunities to buy more shares to own 100% of the property in the future.
Buyers will be considered on first come first served basis (assuming affordability, proceed ability & sustainability checks are met). Buyers need to demonstrate maximum affordability which will be determined via a Mortgage advisor prior to any agreed sale.
Amount advertised is subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Any images/photographs shown are for illustrative purposes only& simply represent a typical example of this house type.
>Floor plans depict a typical layout of this house type and are for illustrative purposes only. Properties may also be built ‘handed’ (mirror image) of those illustrated. Midland Heart reserves the right to alter and change certain aspects of a property – for exact plot specification please request a viewing. These particulars do not form part of a contract or warranty.
Key Features
- Brand New 3 Bedroom Semi-detached House
- Available to buy on Shared Ownership
- ^£500 Cashback available
- Located just off The Long Shoot on the outskirts of Nuneaton
- Open plan layout
- Kitchen includes oven & hob
- Carpets/Flooring throughout
- Driveway for 2 vehicles
- Energy efficient new home
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
Floor Plan BrochureVideo Tour
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Driveway
Outside Space/Garden: Yes - 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
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 £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.03%
