2 bedroom house for sale

Available

28 Pankhurst Close, East Leake, LE12 6BD

£125,000 · Shared Ownership New Build

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£125,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £250,000, £6,250 Min Deposit.

Monthly Cost: £958
Rent £286, Service charge £50, Mortgage £622*

Calculated using a representative rate of 3.92%

Calculate estimated monthly costs

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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 2 bedroom bungalow in the Skylarks development. The price advertised represents purchasing a 50% share of the home.

Description

Wonderful 2 bedroom bungalow in the Skylarks development. The price advertised represents purchasing a 50% share of the home.

About the Development

This wonderful new development is located in the heart of Nottinghamshire and surrounded by panoramic views of forests and farm land. East Lake is an astounding and quaint little village that is within walking distance of the development. These 2 and 3 bed homes are perfect for those looking to embark on a shared ownership journey.

About the Home

This 2-bedroom bungalow opens to a spacious hallway. To either side you are presented with the bedrooms, both with large windows. Further down the hall there is a 3 piece bathroom and at the rear end the Kitchen/Living/Dining area is offered with French doors to the private garden.

About the Area

As a resident of the Skylarks, you’ll enjoy a relaxed village lifestyle, whilst having a wealth of shops, eateries, pubs and a supermarket all within a mile's walk.

Great schools are also within the catchment area, whilst the destination is proving a hit with commuters from all over the East Midlands.

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. 2 bedroom Bungalow
  2. Flooring throughout
  3. Storage space
  4. Open plan living
  5. Integrated hob in kitchen
  6. Large windows for natural light
  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
Loughborough (3.06 miles) East Midlands Parkway (4.79 miles) Barrow Upon Soar (4.97 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.

£125,000
Shared Ownership New Build
Estimated Monthly Cost:£958
Rent £286
Service Charge £50
Mortgage £622

Share percentage 50%, full price £250,000, £6,250 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.