Share percentage 40%, full price £240,000, £4,800 Min Deposit.
Monthly Cost: £925
Rent £330,
Service charge £48,
Mortgage £547*
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 are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase.
- You are assessed as being able to afford and sustain shared ownership.
Summary
Brand New 2 Bedroom End Terrace house in the popular market town of Castle Donington near Derby. This property includes flooring throughout, kitchen with oven & hob, a private garden & parking.
Description
Located on a new William Davis Homes development called Regency Park on the edge of Castle Donington. This historic market town has a good mix of local shops & amenities & is only a 21 minute drive from Derby.
Plot 67 - 2 Bedroom End Terrace House - Last One
- Entrance Hall with stairs to 1st floor
- Kitchen to the front with oven, hob & hood
- Downstairs WC
- Living/Dining room with French doors to the rear garden
- Two bedrooms
- Bathroom with a shower over the bath
- Flooring/carpets throughout
- Turfed rear garden
- Allocated parking
Regency Park is perfectly positioned to offer you the best of town and country. Tucked away on the edge of Castle Donington, a historic market town near Derby, you’ll find yourself close to the hustle and bustle of village life when you want it, and within easy reach of picturesque countryside when you don’t.
Castle Donington offers a good mix of local shops, a large supermarket, pubs, cafes, restaurants and a post office, as well as a doctor’s surgery, dental practice and a vet to name a few. If you have little ones, the village play park provides some welcome fun in the fresh air, or you can head to the Spital Park and Pavilion which offers a wide variety of recreational activities for the whole family.When you need to travel further afield you’ll find Derby, Leicester and Nottingham all within easy reach.
PRICES
2 Bedroom £240,000 (100%)
40% share* £96,000 Rent £330.00
75% share £180,000 Rent = £137.50
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £12.93
Service/Estate Charge: £12.92
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
*Our homes are advertised at 40% although alternative shares are available upon request & will be determined by the applicant’s affordability. There are opportunities to buy more shares to own 100% of the property in the future.
Prices are subject to change. An additional monthly rental charge applies that includes rent, buildings insurance, estate and management charge but excludes any mortgage payment.
^Any images/photographs shown are for illustrative purposes only& simply represent a typical example of this house type.
Key Features
- Brand New 2 Bedroom End Terrace House - Last Plot
- New Shared Ownership scheme with a 990 year lease
- Located on the edge of Castle Donington with local shops & amenities within easy reach
- Kitchen with oven & hob
- Carpets/Flooring throughout
- Parking for 2 vehicles
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor Plan BrochureVideo Tour
Map
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 40%, full price £240,000, £4,800 Min Deposit. Calculated using a representative rate of 5.26%
