Applicants will have to apply to Help To Buy Midlands for affordability and approval of eligibility for the shared ownership scheme.
Our figure is based on the Full Market Value of the Property being £220,000. A rent will be chargeable on the share being retained by East Midlands Housing.
We believe the monthly rent to be £292.94, there will also be a service charge understood to be £8.33 per calendar month. These charges will be in addition to any mortgage costs on the purchased share.
Once you have lived in the property for 12 months you can purchase additional shares if you want to; this is called ‘staircasing’. In most cases you can staircase up to 100% of the property and eventually own the property outright; making shared ownership a ladder of opportunity to owning your own home!
There may be a possibility of buying the property on a different share basis, although this would need consent from East Midlands Housing.
Any interested parties will need to have confirmation that they qualify for the scheme, by visiting https://www.helptobuyagent2.org.uk/login
You should also ensure that you are able to get a mortgage for the desired amount. Wilkins Vardy have an independent Financial Adviser who can help. Just ask for details.
Gas central heating (Ideal Logic Combi Boiler)
uPVC double glazed windows and doors (unless otherwise stated)
Remaining term of 10 Year New Build Warranty
Gross internal floor area - 67.9 sq.m./731 sq.ft.
Council Tax Band - B
Secondary School Catchment Area - Tupton Hall School
Tenure - Leasehold - 125 Years from 2021
A composite front entrance door opens into an ...
With a door opening into the living room and a further door opening to a ...
Fitted with a white 2-piece suite comprising of a low flush WC and a pedestal wash hand basin with tiled splashback.
Chrome heated towel rail.
Vinyl flooring.
A good sized front facing reception room.
With staircase rising to the First Floor accommodation.
Spanning the full width of the property and fitted with a range of wall, drawer and base units with complementary work surfaces and upstands.
Inset single drainer stainless steel ink with mixer tap.
Integrated appliances to include a dishwasher, electric oven and 4-ring gas hob with stainless steel splashback and extractor hood over.
Space and plumbing is provided for a washing machine, and there is also space for a fridge/freezer.
A door gives access to a useful built-in storage cupboard.
Vinyl flooring.
uPVC double glazed French doors overlook and open onto the rear of the property.
A good sized rear facing double bedroom, spanning the full width of the property and having a range of fitted wardrobes.
A front facing double bedroom.
A front facing single bedroom.
Being part tiled and fitted with a white 3-piece suite comprising of a panelled bath with glass shower screen and mixer shower over, pedestal wash hand basin and a low flush WC.
Chrome heated towel rail.
Vinyl flooring.
To the front of the property there is a tarmac driveway providing off street parking for two cars.
A path to the side of No. 26 leads to a gate which opens to the enclosed rear garden which is laid to lawn and has a paved path with pebbled border.
