3 bedroom house for sale

Available

21 Elizabeth Drive, Edwalton, NG12 4LG

£145,000 · Shared Ownership New Build

Share percentage 50%, full price £290,000, £7,250 Min Deposit.

Available
3 bedrooms
Floor plan
Floor plan
£145,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £290,000, £7,250 Min Deposit.

Monthly Cost: £1,103
Rent £332, Service charge £50, Mortgage £721*

Calculated using a representative rate of 3.92%

Calculate estimated monthly costs

£
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.
Summary

Wonderful 3 bedroom semi-detached house in the Edwalton Fields Development. The price advertised represents purchasing a 50% share of the home.

Description

Wonderful 3 bedroom semi-detached house in the Edwalton Fields Development. The price advertised represents purchasing a 50% share of the home.

About the Development

Edwalton Fields is a fabulous new development offering beautiful 2 and 3 bedroom houses, located just off the A606 with a direct route into Nottingham City centre. The village of Edwalton has local shops that service day-to-day needs and larger supermarkets such as Tesco and Asda are within three miles of Edwalton Fields.

The short trip into Nottingham centre (approximately five miles) gives a wider choice of shopping with over 120 stores, including ‘The Exchange’ shopping centre. There is a great choice of restaurants and bars within the city centre with a wide choice of leisure activities at your fingertips.

For those looking to commute, Nottingham Train Station is less than four miles away where direct services run to major UK cities including London, Manchester, Liverpool and Birmingham.

About the Home

This beautiful 3 bedroom home is finished to a high standard throughout, with a modern style kitchen, contemporary bathroom suite, and fitted flooring throughout. Enjoy an open plan layout as well as spacious bedrooms.

About the Area

Edwalton is a bustling community which has local amenities and facilities you will need nearby, such as a convenience store, post office, pharmacy and schools. Within 3 miles of the development there are a range of supermarkets such as ALDI, Asda, Morrisons and Tesco.

From Edwalton Fields it's only half a mile to the A52 which takes you to junction 25 of the M1, about 11 miles away. From the development you can reach the city of Nottingham in 10 minutes by car, Bingham in 16 minutes and Leicester in 36 minutes. From Nottingham train station there services run to major UK cities including London St Pancras, Birmingham New Street, Norwich, Cardiff, Leeds and Leicester.

Edwalton Primary is just over a mile from Edwalton Fields and there are four other primary schools within approximately two miles. There are a selection of schools in the local area with sixth form facilities and three miles away you'll find two, co-educational secondary schools. For higher education there's the Central College Nottingham and for degree courses The University of Nottingham and Nottingham Trent University.

Shared Ownership

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront 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. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

T&Cs

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.

Key Features
  1. 3 bedroom semi-detached house
  2. Flooring throughout
  3. Storage space
  4. Ground floor WC
  5. Large windows
  6. Separate Kitchen
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Nottingham (3.03 miles) Beeston (3.61 miles) Netherfield (4.31 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 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.

£145,000
Shared Ownership New Build
Estimated Monthly Cost:£1,103
Rent £332
Service Charge £50
Mortgage £721

Share percentage 50%, full price £290,000, £7,250 Min Deposit. Calculated using a representative rate of 3.92%


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.