William Nadin Way, Swadlincote
50% Shared Ownership of a 3 bed semi-detached property for £112,500. Monthly rent on remaining share is £257.81. In addition there will be a monthly service charge, details available from your sales advisor. There is no ground rent to pay.
At Cadley Park you can increase your ownership to 100% at any time and the freehold will be transferred to you.
What is shared ownership?
Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it - but you're living there, you decorate it, and you decide when to sell.
Buying a percentage means a smaller deposit and smaller mortgage. It's a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.
The properties are sold on a 125 year shared ownership lease.
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.
How to apply
To apply for shared ownership or register your interest please visit the Help to Buy Midlands & London website and complete an application form.
After submitting your application, you will receive an email to say that you have been approved. You will then need to forward your reference number to us so that we can retrieve your form and progress your application.
Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 25 - 75%. If your application is successful a non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards your deposit on completion.
Living Room: 5.2m (17'1) less stairs / cupboard x 6.09m (20') less stairs / cupboard
Kitchen: 2m (6'7) x 2.2m (7'3)
Bedroom 1: 3.86m (12'8) x 2.76m (9'1)
Bedroom 2: 4.12m (13'6) x 2.76m (9'1)
Bedroom 3: 3.02m (9'11) x 2.43m (8')
- Gas central heating with combi boiler
- Fitted kitchen
- Kitchen includes integral electric oven, gas hob and stainless steel extractor hood
- Downstairs cloakroom with WC
- Patio doors to turfed rear garden
- Shower over bath with glass shower screen
- Off road parking
- EPC rating: B
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.