2 bedroom house for sale
85 Dovecote Lane, Beeston, NG9 1JG
Share percentage 25%, full price £270,000, £3,375 Min Deposit.
Share percentage 25%, full price £270,000, £3,375 Min Deposit.
Monthly Cost: £891
Rent £464,
Service charge £42,
Mortgage £385*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
You have a gross household income of no more than £80,000 per annum.
You do not already own a home or you will have sold your current home before you purchase or rent.
You must be at least 18 years old.
Summary
2 Bedroom Homes
Description
The Development
We have a selection of 2 and 3 bedroom new homes due to be build complete later this year. Phase 1 now released for off plan reservation. They are located at the end of Dovecote Lane, Beeston, opposite the Victoria Hotel.
These homes are in a great location, situated close to the Attenborough Nature Reserve, just a 3 minute walk to the nearest train station and close to other amenities as well as a number of schools.
With both city life and the countryside right on the doorstep, this development will be perfect for anyone looking for a slightly quieter location while still being able to enjoy the convenience of the city and transport links
Prices
2 Bedroom semi detached house
£108,000 for a 40% share (deposit from £5,400)
Monthly Rent on remaining share £371.25
£135,000 for a 50% share (deposit from £6,750)
Monthly Rent on remaining share £309.38
£202,500 for a 75% share (deposit from £10,125)
Monthly Rent on remaining share £154.69
These properties are due for build completion Summer 2023 - Winter 2023, we're therefore currently unable to offer viewings and will be accepting reservations off-plan.
Other shares can be purchased subject to an affordability assessment.
Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.
Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.
Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.
Ground Rent - Not applicable
Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.
NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.
3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
5. If there is a suitable property we will then issue out your offer letter and advice on how to pay your £250.00 reservation fee for your new home.
Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.
Key Features
- 10 Year build warranty
- Turfed garden
- Allocated parking
- Modern fitted kitchen
- Double glazing
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan BrochureMap
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 25%, full price £270,000, £3,375 Min Deposit. Calculated using a representative rate of 5.26%
Platform Home Ownership
