2 bedroom house for sale
Sir Brian Way, Bilsthorpe, NG22 8GA
Share percentage 75%, full price £185,000, £6,938 Min Deposit.
Share percentage 75%, full price £185,000, £6,938 Min Deposit
Monthly Cost: £886
Rent £132,
Mortgage £754*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Summary
This superb modern home is available to buy from as little as £138,750 with a 75% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £138,750 with a 75% share!
Located within the village of Blisthorpe is this exceptional semi detached home presented in beautiful order throughout. This beautiful home provides well bright and spacious accommodation over two floors comprising entrance hall, large living room, downstairs WC and kitchen/dining room on the ground floor. Upstairs there are two good size double bedrooms and a contemporary family bathroom. To the front of the property, there is driveway parking for two/three cars. At the rear, there is a private sunny aspect garden and open fields beyond.
Bilsthorpe is a village and civil parish located in the Newark and Sherwood district of Nottinghamshire and is divided into two main areas: the 'old' and 'new' village. Amenities cater to every day needs and include a Post Office, butchers, pharmacy, grocery store and fish and chip shop. There are also a selection of local pubs.
The nearest National Rail station is in Mansfield, providing services to Nottingham. There are also local bus routes.
PRICING & AFFORDABILITY
Full Market Value: £185,000
75% Share Price: £138,750 (rent £131.85 pcm)
Minimum 5% Mortgage Deposit (75% share): £6937.50
Lease: 996 years
Key Features
Modern shared ownership home
Semi detached house
Two double bedrooms
Private sunny aspect garden
Driveway parking
Village location
Particulars
Tenure: Leasehold
Lease Length: 996 years
Council Tax Band: A
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 75%, full price £185,000, £6,938 Min Deposit. Calculated using a representative rate of 4.78%
