Property for sale in Newark NG22, 2 Bedroom

25% Shared Ownership of a 2 bed mid-terraced property for £41,250. Monthly rent on remaining share is £283.59. Monthly service charge is £23.44. There is no ground rent to pay.

What is Shared Ownership?

Shared ownership is a part-buy, part-rent scheme designed to help you buy a home if you cannot afford to buy one on the open market. You buy a share of your chosen property, usually between 25 – 75%, depending on what you can afford. You buy the property on a long lease and pay a subsidised rent on the remaining share. You can then buy further shares as you can afford it and own the property outright. If you own more than 80% and decide to sell, ncha will buy the property back from you.

Who qualifies?

Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.

Specification

Kitchen
* Range of wall and base units
* Integrated oven and hob
* Extractor hood
* Vinyl flooring
Bathroom
* White bath suite
* Shower over bath
* Tiled to full ceiling around bath
* Vinyl flooring
Internal
* Downstairs cloakroom with w/c and wash hand basin
* UPVC double glazing throughout
* Gas central heating with combi boiler
External
* Enclosed turfed rear garden
* Off street allocated parking space

Viewings & Reservations

Before arranging a viewing, you will need to register your interest with Help to Buy Midlands by completing an application form on their website . Once assessed, they will forward your application form to us. If your application is successful we will contact you to arrange a viewing.

A non-refundable reservation fee of £250 is required to reserve your new home, this amount goes towards you deposit on completion.

The properties are sold on a 125 year shared ownership lease.
Disclaimer
Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.