2 bedroom apartment for sale
Nottingham One, Entrance B, Canal Street, NG1 7HW
Share percentage 30%, full price £168,000, £2,520 Min Deposit.
Share percentage 30%, full price £168,000, £2,520 Min Deposit.
Monthly Cost: £881
Rent £297,
Service charge £297,
Mortgage £287*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Nottingham, Nottinghamshire
Description
This modern and vibrant two-bedroom apartment is now available in Nottingham through Shared Ownership.
The property on the fourth floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen, two bedrooms, and a bathroom. Outside, there is allocated parking. This is perfect for couples or small families.
Available for £50,400 for 30% share based on the marketing figure of £168,000.
Monthly rent - £297.08
Monthly Service Charge - £296.58
Total Monthly Charge - £593.66 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is within walking distance of Nottingham City Centre, approximately 8-10 minutes away. There are also lots of bars, restaurants and shops nearby.
The area is well-served by transport links; Nottingham Rail Station, Nottingham Bust Station and Tram Hub located within 5 minutes walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 60 m²
Living room & kitchen: 6.45 x 3.38 m
Bedroom 1: 3.68 x 3.20 m
Bedroom 2: 3.66 x 2.49 m
Years remaining on lease: 110
In certain cases, 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.
Key Features
- Two-bedroom apartment
- Modern kitchen
- Parking spaces
- Great travel links
- Available for 30% share
- 5% minimum deposit only
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 30%, full price £168,000, £2,520 Min Deposit. Calculated using a representative rate of 5.26%
