London Home Show, September 27th
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3 bedroom house for sale

Available

Rose Way, Edwalton, Edwalton, NG12 4JE

£143,000 · Shared Ownership New Build

Share percentage 40.00%, full price £357,500, £7,150 Deposit.

Available
3 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£143,000 Shared Ownership New Build

Share percentage 40.00%, full price £357,500, £7,150 Deposit

Monthly Cost: £1,302
Rent £492, Service charge £33, Mortgage £777*

Calculated using a representative rate of 4.78%

Calculate estimated monthly costs

£
Summary

The Spruce is a three bedroom end- terrace home at Edwalton FIelds, Available with Shared Ownership.

Description

The Spruce is a stylish three-bedroom, end-terrace property located in the Edwalton Fields development, a brand new destination in a highly desirable part of Nottingham.

Upon entry into The Spruce, you'll be greeted by a long entry hall that leads to the rear of the property and offers access to the first floor stairs, a downstairs W/C and a storage cupboard.

The kitchen in this property is front-aspect, well-appointed with plenty of surface space and features the usual integrated fixtures.

Heading to the rear of the property, you'll find an open-plan living/dining space. This light and airy room is ideal for hosting friends or enjoying an evening in, offering plenty of space for furniture and access to the rear garden.

Moving up to the first floor, you'll find yourself on the landing, which leads to the family bathroom, another storage cupboard and the three bedrooms within the property.

The primary bedroom is spacious, with two large windows providing plenty of light and room for a full furniture set.

The secondary bedrooms are both generously sized, making the property ideal for growing families.

Edwalton Fields is a prime development in a highly desirable part of Nottinghamshire - West Bridgford.

With a relaxed village environment, plenty of amenities on your doorstep and some of the best schools in the county, West Bridgford offers relaxed living just minutes from the bustle of Nottingham city centre.

Council Tax TBC - due to these properties being new builds and not being previously occupied the council tax and banding has not yet been set.

Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.

Ground Rent - Not applicable.

Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and some lease information.

NEXT STEPS:
1. For further information, please download our brochure below.
2. TO APPLY NOW, Please register with us to request an application form.
3. Then send your approved Application form to the Sales Team.
4. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.
5. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.
6. 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
  • Off street parking
  • Allocated parking
  • Rear Garden
  • Back Garden
  • Private Garden
  • Patio
  • Double Glazing
  • Pets allowed
  • Enclosed Garden
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Key Information Document Floor Plan
Map
Nottingham (2.87 miles) Beeston (3.57 miles) Netherfield (4.16 miles)
Material Information

Total rooms:

Furnished: Unfurnished

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: No

Outside Space/Garden: No

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

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.

£143,000
Shared Ownership New Build
Estimated Monthly Cost:£1,302
Rent £492
Service Charge £33
Mortgage £777

Share percentage 10%, full price £357,500, £1,788 Min Deposit. Calculated using a representative rate of 4.78%


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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.