Waterside, North Muskham

Waterside, North Muskam, Newark, Nottinghamshire, NG23
Available

Description

50% shared ownership for £92,500.

Monthly rent on the remaining share is £211.98. There will be a monthly service charge to pay of £29.55. There is no ground rent to pay.

Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. NCHA 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%. If you own more than 80% and decide to sell, NCHA will buy the property back from you.

Households earning less than £80,000 a year, first time buyers and previous homeowners who need help to buy are eligible to apply. Priority will be given to those with a connection to the local area.

How to apply

If you would like to apply, please complete an application form for shared ownership through Help to Buy Midlands and London.

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 50 - 75%. If your application is successful a non-refundable reservation fee of £350 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.

Specification

Kitchen

  • A selection of contemporary wall and base units
  • Integrated stainless steel gas hob, electric oven
  • Plumbing for washing machine
  • Extractor hood
  • Vinyl flooring

Bathroom

  • White bathroom suite
  • Shower over the bath
  • Tiled to full ceiling height in shower area
  • Extractor fan
  • Vinyl flooring

Internal

  • Air source pump heating
  • Double glazing
  • EPC rating: B

External

  • Turfed rear garden
  • Off street allocated parking

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.

Property details

Price £92,500
Property Type Bungalow
No. Of Beds 2