Share Price £107,250 (from 55% Min. Share)

Full Value £195,000 | £5,363 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom house in Nottingham - City of Nottingham

place Orchard Drive, NG12 3TP

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Two bedroomed bungalow located in Cotgrave available through the Shared Ownership Scheme.


Description

Two bedroomed bungalow located in Cotgrave available through the Shared Ownership Scheme.


Available for £107,250 for 55% share based on the marketing figure of £195,000.

Modern, spacious bungalow in Cotgrave, Nottingham available through shared ownership. This property comprises of two double bedrooms, spacious hallway with walk-in storage, open-plan lounge dining/kitchen with appliances, modern bathroom with shower and heated hand rail. Includes rear, side and front garden.


SO Resi Monthly Payment - £185
Monthly Service Charge - £30

Energy Rating Band - B
Environmental Impact Band - B

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 bungalow 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.


Key Features

Two bedrooms
Bungalow
Front, rear and side gardens
Driveway for two cars
Close to local amenities
Good transport links
Available at 55% share


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Calculate Monthly Cost

Share price
£ 107,250
Min. £107,250
Share percentage
Min. 55%
Your deposit
Min. £5,363
Monthly cost*
£760
Cost breakdown
£190
Rent
£36
Service charge
£534
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.