Property Details: - Type: Semi-detached house - Bedrooms: 2 - Bathrooms: 1
Agent: SOWN - National Phone: 023 8221 9179
Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £85,000 with a 50% share!<br/><br/>A well-presented two-bedroom home situated within a residential cul-de-sac on Donbas Close in Bulwell, Nottingham. Offering approximately 738 sq ft of accommodation, the property provides a practical layout arranged over two floors and benefits from a private driveway providing off-road parking.<br/><br/>The ground floor comprises a comfortable reception room, separate kitchen and a conservatory providing additional living space with access towards the rear garden. There is also a convenient downstairs WC and useful built-in storage. Upstairs are two well-proportioned double bedrooms, a family bathroom and further storage.<br/><br/>Donbas Close is well positioned for local amenities and transport connections, with Cinderhill tram stop around 135 metres away and Bulwell railway station approximately 1.1 km away. The location also provides convenient access towards Bulwell town centre, Nottingham city centre and the M1.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £170,000<br/><br/>50% Share Price: £85,000 (rent £238.95pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £4,250<br/>Approximate Service Charges: £57.91pcm* <br/>Lease: 99 years<br/><br/>ELIGIBILITY<br/><br/>Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000.<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.<br/><br/>* This home can also be purchased outright (100% of the value) which is £170,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/>
