£74,000

This bright, charming, well-decorated two-bedroom terrace house is now available in Derby through Shared Ownership.

On the ground floor, there is an entrance hall, a spacious living room, and a separate modern kitchen. On the first floor, there are two bedrooms and a bathroom.

Outside, there is a driveway and a private rear garden. Perfect for couples and families.

Minimum income required: £26,559

This is reduced if a larger deposit is available.

More shares can be purchased, from a minimum of 5%.

Available for £74,000 for 50% share based on the marketing figure of £148,000.

Monthly rent - £203.64
Monthly Service Charge - £55.29
Total Monthly Charge - £258.93 plus mortgage required for 50% share.

An annual rent increase takes place every April

The property is situated approximately 1 mile south west of Derby city centre in a densely populated residential area.

Living in Derby, offers a nice and friendly environment. This neighbourhood has many parks where families can enjoy picnics and kids can play.

There are shops and local markets nearby, making buying fresh food and everyday items easy. Schools in Derby are good, providing quality education for children. Public transport is also available, connecting residents to other parts of the city.

Overall, Derby is a pleasant place that balances nature and convenience, making it a lovely spot to call home for individuals and families alike.

Years remaining on lease: 99

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.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.