2 bedroom house for sale
Draymans Court, , NG7 7FL
Share percentage 50%, full price £165,000, £8,250 Min Deposit.
Share percentage 50%, full price £165,000, £8,250 Min Deposit.
Monthly Cost: £630
Rent £179,
Service charge £32,
Mortgage £419*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
Modern, spacious two-bedroom terraced house in Nottingham available for Shared Ownership. The property comprises an airy, bright living room, kitchen with enough space for a dining table and door to garden, two bedrooms, and bathroom with shower over bath. The property also comes with a garden and driveway allowing off road parking.
Minimum income required: £28,671
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £82,500 for 50% share based on the marketing figure of £165,000.
Monthly rent - £178.95
Monthly Service Charge - £31.50
Total Monthly Charge - £210.45 plus mortgage required for 50% share.
An annual rent increase takes place every April
Layout and dimensionsGround Floor:
Living Room and Dining Kitchen
First Floor:
2 Bedrooms, Bathroom and WC
Overall Floor Area:
external floor area as 72 square metres.
Outside:
The property has a small front garden and driveway allowing off road parking and an enclosed rear garden.
Years remaining on lease: 75
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
All room dimensions are approximate.
Please note figures given for rent and service charges are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- Small front garden
- Driveway allowing off road parking
- Enclosed rear garden
- Close to local amenities
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £165,000, £8,250 Min Deposit. Calculated using a representative rate of 4.64%
