Flat to rent in Nottingham NG16, 1 Bedroom
Quick Summary
- Property Type:
- Flat
- Status:
- To rent
- Price
- £ 115
- Beds:
- 1
- Baths:
- 1
- County
- Nottingham
- Town
- Nottingham
- Outcode
- NG16
- Location
- Church Street, Eastwood, Nottingham NG16
- Marketed By:
- OpenRent
- Posted
- 2024-04-19
- NG16 Rating:
- More Info?
- Please contact OpenRent on 020 3542 2178 or Request Details
Property Description
Property Reference: 537139.
Rent to buy offered on this new build flat - launching 12th April 2019.
1&2 Bedroom Flats with private parking.
Why rent normally when you can have 100% of the monthly rent paid go towards your deposit to purchase the property. Get onto the property ladder and get in touch today.
This Rent to Buy scheme is genuinely helping people get onto the property ladder. You get a newly built home where 100% of your monthly rent goes towards your deposit and the purchase price is fixed today rather than in 2-3 years time. With house prices increasing over time this presents a significant saving.
How does it work?
You view the New Build flats and choose the one you would like to progress with
You will enter into Assured Shorthold Tenancy (ast) for a minimum 2 years and maximum 3 years period
Your monthly rent is calculated by taking the 15% deposit required for you to purchase the property and dividing it by the 3 years. You will benefit from 100% of your monthly rent contributing towards your deposit.
The Assured Shorthold Tenancy is fixed for minimum 2 years by which time you can exercise your right to buy or can choose to continue to carry on paying for a further year to bring their overall mortgage value down
Your not committed to buy. If you change your mind and choose not to exercise your option to buy after 24-36 months then you simply need to hand the property back and your contributions will be classified as rent and therefore not returned
How do I know if i'm eligible?
Your eligible if:
Your household earns close to £25,000 a year. A household can be one person, or you and a partner or you and a friend
You are a first time buyer or you used to own your home but don't anymore
You must live in the property
You cannot sublet or sublease the property
The cheapest flat is £120,000 therefore be able to pay£500 a month
You cannot be a current home owner but in some instances the developer may consider you if your names is on the deeds of another property
You must not have any outstanding credit issues (i.E.Unsatisfied defaults or county court judgements).
Interested? Find out more by calling or emailing today, these flats wont be around for long.
Disclaimer: Nothing on this document constitutes legal or financial advice.Specialist legal or Financial advice should be taken in relation to specific circumstances. The contents of this document are for general information purposes only.
Summary & Exclusions:
- Rent Amount: £500.00 per month (£115.38 per week)
- Deposit / Bond: £500.00
- 1 Bedrooms
- 1 Bathrooms
- Property comes unfurnished
- Available to move in from 13 April, 2019
- Minimum tenancy term is 24 months
- Maximum number of tenants is 3
- No DSS / Housing Benefit Applicants
- No Students
- No Pets, sorry
- Smokers considered
- Family Friendly
- Bills not included
- Property has parking
- Property has garden access
- EPC Rating: E
If calling, please quote reference: 537139
Fees:
You will not be charged any admin fees.
Referencing for tenants only costs £20 each, if requested by the landlord for this property.
** Contact today to book a viewing and have the landlord show you round! **
Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us. When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in. This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay, although you may need to pay £20 per tenant to cover the cost of referencing if required by the landlord.
Property Reference five hundred and thirty-seven thousand one hundred and thirty-nine
Property Location
Marketed by OpenRent
Disclaimer Property descriptions and related information displayed on this page are marketing materials provided by OpenRent. estateagents365.uk does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact OpenRent for full details and further information.