Share Price £87,500 (from 50% Min. Share)

Full Value £175,000 | £4,375 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Nottinghamshire

place Wheatley Close, Nottingham, NG11 6JT

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A two bedroom end of terrace house located in Ruddington, Nottingham available for sale through the Shared Ownership Scheme.


Description

Full Description

A two bedroom end of terrace house located in Ruddington, Nottingham available for sale through the Shared Ownership Scheme.
Available for £87,500 for 50% share based on the marketing figure of £175,000.

This modern two storey end of terrace house in Ruddington, Nottingham is available for sale through the Shared Ownership Scheme. The property comprises spacious living room and fitted kitchen on the ground floor, onedouble bedroom and one single, bathroom on the first floor of the building. Externally the property offers well-maintained front and rear garden thatbacks onto Rushcliffe Country Park and comes with two off road parking spaces.

SO Resi Monthly Payment - £170.73
Monthly Service Charge - £13.81
Total Monthly Charge - £184.54 PLUS MORTGAGE REQUIRED FOR 50% SHARE.


Ground Floor

Living room, kitchen

First Floor

Two bedrooms, bathroom

Outside

The property has gardens to front and rear and off street parking

EPC Rating

Energy Rating Band - D
Environmental Impact Band - D

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Key Features

  • Two bedrooms
  • Two storey end of terrace house
  • Good condition
  • Two off road parking spaces
  • Double glazed
  • Central gas heating
  • Front ant rear gardens
  • Close to local amenities in Ruddington, Nottingham

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 87,500
Min. £87,500
Share percentage
Min. 50%
Your deposit
Min. £4,375
Monthly cost*
£621
Cost breakdown
£171
Rent
£14
Service charge
£436
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.