Share percentage 40%, full price £275,000, £5,500 Min Deposit.
Monthly Cost: £1,049
Rent £378,
Service charge £44,
Mortgage £627*
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 3 Bed Semi-detached houses on the outskirts of Nuneaton. Open Plan layout, kitchen with oven/hob, flooring throughout, a private garden & parking
Description
*AVAILABLE NOW* Shared Ownership homes on a new development called Lockley Gardens. The location offers excellent transport links & is just 3 miles from Nuneaton town centre with its local amenities, shops and restaurants.
3 Bedroom Semi-detached Houses
- Entrance Hall with stairs to 1st floor
- Downstairs WC
- Open plan Living Room/Kitchen with French doors to rear garden
- Fitted Kitchen includes oven, hob & hood
- Three bedrooms
- Bathroom with shower over bath
- Flooring/carpets throughout
- Turfed rear garden
- Parking for 2 vehicles
Lockley Gardens is situated off The Long Shoot near to the A5. Nuneaton is a great place to call home, with a strong sense of community and offering everything that you would expect of a large, established town, with a good range of independent shops as well as many of the big high street names. This popular market town also offers a good choice of primary and secondary schools and a selection of bars, eateries and leisure facilities.he location benefits from excellent transport links & easy access to the midland motorway network.
PRICE
3 Bedroom £275,000 (100%)
40% share* £110,000 Rent = £378.13
75% share £206,250 Rent = £157.55
Plus the following monthly charges:
Management Charge: £22.00
Buildings Insurance: £14.76
Service/Estate Charge: £7.50
*Our homes for Shared Ownership are advertised at 40% although other shares are available upon request. There are opportunities to buy more shares to own 100% of the property in the future.
All applicants are required to check they meet the criteria for Shared Ownership as set out at GOV.UK.
Share advertised is for a 40% share. Maximum share for initial purchase 75%; Actual share purchase will be determined by financial assessment and individual circumstances in accordance with the HCA guidelines. Alternative shares are available upon request.
Amount advertised is 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.
>Floor plans depict a typical layout of the house types and are for illustrative purposes only. Room sizes are approximate only and not intended to be used for carpet sizes, appliance sizes or items of furniture. For exact plot specification, please speak with our Sales Adviser. Some properties may be a mirror of the plan shown.
Key Features
- Brand New 3 Bedroom Semi-detached Houses
- Available to buy on Shared Ownership
- Located just off The Long Shoot on the outskirts of Nuneaton
- Energy efficient new homes
- Open plan layout
- Kitchen includes oven & hob
- Carpets/Flooring throughout
- Parking for 2 vehicles
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanVideo 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 £275,000, £5,500 Min Deposit. Calculated using a representative rate of 5.26%
