3 bedroom house for sale

Available

Rose Way, NG12 4JE

£37,000 · Shared Ownership New Build

Share percentage 10%, full price £370,000, £1,850 Min Deposit.

Available
3 bedrooms
Private Garden
Pets allowed
Parking
£37,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 10%, full price £370,000, £1,850 Min Deposit.

Monthly Cost: £246
Service charge £35, Mortgage £211*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Eligibility

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 or rent.
  • You have an income less than £ 80000
  • You must be at least 18 years old
  • Your current housing status is: Renting Privately
Summary

3 bed detached house

Description

The Edwalton Fields development is ideally situated in Edwalton. This attractive new development offers a vibrant community in the suburbs with local shopping and schools on the
doorstep. Given that it is less than six miles away from Nottingham city centre it is handy for commuting and a short drive to the A52 takes you to junction 25 of the M1. Nottingham railway station is just 5.3 miles away from Edwalton. For air travel East Midlands airport is also within a short commute by car. This sought-after area offers many outdoor activities with a near by golf course, local boutique shops and is popular with families with children. The properties will benefit from a 10 year NHBC warranty.

The Property

These properties briefly comprise of an Entrance Hall, WC, Living Room with under-stairs storage and a Kitchen/Dining Room. To the first floor, there are three bedrooms, and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

NEXT STEPS:

For further information, please download our brochure below.


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.
Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
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.

We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

Key Features
  • Allocated parking
  • 10 year build warranty
  • Double glazed windows
  • En suite
  • Family bathroom with shower over bath
  • Modern fitted kitchen
  • Turfed rear garden
  • Vinyl flooring through kitchen and bathroom
  • Available plot number:105
  • Shared Ownership
  • New build property
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified

Property Downloads
Key Information Document Brochure
Map
Nottingham (2.94 miles) Beeston (3.62 miles) Netherfield (4.20 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 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.

£37,000
Shared Ownership New Build
Estimated Monthly Cost:£246
Rent £0
Service Charge £35
Mortgage £211

Share percentage 10%, full price £370,000, £1,850 Min Deposit. Calculated using a representative rate of 5.26%


Platform Home Ownership
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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.