Shelford Road, Radcliffe On Trent, Nottingham

Summary

SHARED OWNERSHIP 45 % SHARE - £109,125
Full Price £242,500

Representing PLOT 648
£1000 incentives towards costs.
£99 reservation fee till the 30th June.

6 PLOTS AVALIABLE
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646
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Benjamins in partnership with the Longhurst Group, welcome to the market this two double bedroom SHARED OWNERSHIP new build on the outskirts of the beautiful village of Radcliffe on Trent in East Nottinghamshire.

Radcliffe on Trent has a population of around 8,000 and lies to the east of Nottingham on the south bank of the River Trent. It does benefit from having its own railway station, connecting the village to Nottingham in the west and Grantham to the east and main links such as London etc...it also connects to Nottingham via a regular bus service.
There are a number of community spaces such as the Memorial Park, a recreation ground and skate park and a complex of sports fields at the eastern edge of the village. The village also possesses four public house as well as its own football, golf and cricket clubs.

In brief; the property consists of entrance porch, leading to the living room with full fibre ultrafast broadband, kitchen fitted with beautiful wall and base units, downstairs WC with a two piece suite. Stairs to first floor accommodation is the master bedroom, second bedroom and family bathroom with a three piece suite. Private rear garden is mainly laid to lawn with a patio area, outside tap and access via back gate.
Front driveway with space for two vehicles.

Situated perfectly within catchment areas to schools rated good at both primary and secondary levels, with easy access to public transport links, Radcliffe-on-Trent railway station, A46 and A52, also with close proximity to amenities.


Please call Benjamins Estate Agents to view on 0115 937 1713. Option 1 then option 2 to speak to a member of the team.

990 years lease.

Full Description

Shared Ownership Information
Upton Street (The Kildale)
2 Bedroom Semi Detached House

Example

£ 45% £109,125 - £359.20pcm inclusive of all man and insurance charges
£ 50% £121,250 - £331.41pcm inclusive of all man and insurance charges
£ 75% £181,875 - £192.48pcm inclusive of all man and insurance charges

These properties are Available now to reserve and available to view.
Other shares can be purchased subject to an affordability assessment.

What is Shared Ownership?
Shared Ownership is a great way for you to get a foot on the property ladder if you can£t afford to buy a home outright on the open market.
It can take away the pressure of having to save for a high deposit or having to make large mortgage repayments.

Essentially, it means you will be buying a share of your home, up to 75 percent - and paying an affordable rent on the remainder.

For example, if you were to buy 50 percent share of a home worth £242,500, this could be a five percent deposit of £12,125 and a mortgage of £109,125 on the remaining 50 percent, you will then only pay an affordable rent on the remaining 50 percent share. The rent that you will pay will also include buildings insurance and management company charges, if applicable.

Deposits for Shared Ownership properties could start from as little as five percent. If you get a mortgage on your share of the property, your mortgage is based on the percentage share you own.

This means you get the home that you want, at an affordable price and through a monthly repayment that£s achievable.

Eligibility
You can buy a home through shared ownership if both of the following are true:

- your household income is £80,000 a year or less (£90,000 a year or less in London)
- you cannot afford all of the deposit and mortgage payments for a home that meets your needs
.
One of the following must also be true:
- you are a first-time buyer
- you used to own a home but cannot afford to buy one now
- you are forming a new household - for example, after a relationship breakdown
- you are an existing shared owner, and you want to move
- you own a home and want to move but cannot afford a new home that meets your needs

For some homes you may have to show that you live in, work in, or have a connection to the area where you want to buy the home.

Longhurst Group
The Longhurst Group are of the largest housing groups in the Midlands and East of England, we own and manage more than 24,000 homes and deliver a wide range of care and support, specialist housing and home ownership services

Reference: SS001664

Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.