Share Price £75,000 (from 40% Min. Share)

Full Value £187,500 | £3,750 Min. Deposit

Scheme: Shared Ownership

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Roman's Quarter - 2 bed house in Nottinghamshire

place Thornton Mews, Nottingham, NG13 7AG

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Sage Housing

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Lovely newly built 2 bedroom semi-detached house for sale located in Nottingham


Eligibility

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.


Description

Craving a new home? Sage have the perfect recipe to get you excited about your new Shared Ownership* home. We’ll give you £1,000 of HelloFresh vouchers** when you move in to make sure you're mealtime ready.

Have fresh ingredients with step by step recipes delivered to your new front door so you can make tasty meals for up to 6 months**. We’ll also give you £500 towards your legal fees† and with only a £99 reservation fee†† act fast and start a new adventure today! For T&C’s please see below.

Prices on this development start from 40% equity share.You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

This brand new two bedroom home is available on a shared ownership and offers accommodation which includes entrance lobby, lounge, kitchen, rear lobby, downstairs cloakroom, first floor landing, three piece family bathroom, two double bedrooms, off road parking and gardens.

25% Share - £48,750
Rental Per Month - £335.16
Service Charge pm - £37.50

40% Share - £78,000
Rental pm - £268.13
Service Charge pm - £37.50

60% Share - £117,000
Rental pm - £178.75
Service Charge - £37.50

Entrance Lobby
1.00m x 1.00m (3'3" x 3'3")
Composite front exterior entrance door, external sheltering canopy, lighting, stairs rising to first floor landing, open plan access to:

Lounge
5.00m x 3.14m (16'4" x 10'3")
Under stairs storage cupboard, communication points, radiator, carpet floor covering, double glazed window to front, open plan access to:

Kitchen
3'0" x 2'0" (0.91m x 0.61m)
Stainless steel sink/drainer unit inset to range of work surfaces, integrated oven, gas hob, stainless steel splashback complimenting extractor unit, space for automatic washing machine, recessed for fridge/freezer, eye level storage cupboards, radiator, feature vinyl floor covering, double glazed overlooking rear gardens, internal door to:

Rear Lobby
1.54m x 1.53m (5'0" x 5'0")
Feature vinyl floor covering, double glazed composite rear exterior entrance door, radiator, internal door leading to:

Downstairs Cloakroom
1.50m x 1.05m (4'11" x 3'5")
White contemporary two piece suite comprising WC, pedestal wash hand basin with tiled splashbacks, radiator, feature vinyl floor covering

First Floor Landing
Internal doors providing access to:

Bedroom One
3.43m x 3.18m extending to 4.18m maximum measurement
TV point, radiator, carpet floor covering, built in bulkhead storage cupboard/wardrobe, double glazed window to front

Bedroom Two
4.18m x 2.30m extending 3.35m maximum measurement
Radiator, built in wardrobe/storage cupboard, carpet floor covering, double glazed window overlooking rear gardens

Bathroom
Modern suite comprising panel bath with mains fed shower over, hinge place shower screen across, pedestal wash hand basin, WC, tiled walls, radiator, electric shaver point, feature vinyl floor covering

Front of Property
Two allocated tarmac parking spaces, paved pathway leading to front entrance door with sheltering canopy, external lighting

Rear Garden
Predominantly laid to lawn with low maintenance wood chip borders, external lighting, enclosing boundaries

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

*T&C’s
Sage Housing terms and conditions apply. Images are indicative and for illustrative purposes only. Incentive applicable on selected plots only, other plots are available. Prices are based on purchasing a 40% share of the lowest value home at time of broadcast. *Shared Ownership – Terms and conditions apply. Eligibility and affordability criteria apply. Minimum (25%) and maximum (75%) share values will apply, and rent is payable on the unsold share. Please speak to a member of our Sales Team for more details.**£1,000 HelloFresh vouchers – Terms and conditions apply. £1,000 HelloFresh voucher will be provided to the customer within 7 working days of completion. HelloFresh is a recipe box delivery service. Once ordered you will receive pre-measured ingredients straight to your doorstep. 6 month of HelloFresh meals is based on receiving 4 recipes per week for 2 people, all ingredients are delivered in one box per week. Sage are not responsible for any allergies or adverse reactions caused by the ingredients supplied by HelloFresh. †£500 towards legal fees – Terms and conditions apply. The legal cost contribution will only be made if a recommended solicitor’s is used. The incentives package is subject to exchange of contracts on or before 31st December 2020 and legal completion on or before 29th January 2021. ††£99 reservation Fee – Terms and conditions apply. Please speak to a member of our Sales Team for more details. Information correct as of October 2020.


Key Features

  • Electric oven, four ring gas burning hob with extractor overhead
  • Double glazed windows
  • Family bathroom
  • Allocated parking
  • Turf to reargarden

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Calculate Monthly Cost

Share price
£ 75,000
Min. £75,000
Share percentage
Min. 40%
Your deposit
Min. £3,750
Monthly cost*
£670
Cost breakdown
£258
Rent
£38
Service charge
£374
Mortgage*
Calculated using a representative rate of 3.94%
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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.