Full price: £88,000 The full value of the property
Share value: 60% - £52,800
Estimated monthly cost*: £600
Estimated Monthly Mortgage*: £264
SO Resi Monthly Payment: £255.99 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £79.15 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 85
This contemporary apartment in Nottingham is available for sale through the Shared Ownership Scheme. The property comprises hall, open plan living/kitchen with modern appliances, two spacious bedrooms, bathroom with WC and sufficient storage space. Externally the property offers well-maintained communal grounds with secure bike storage and allocated parking space.
The property is located within a few minutes walk from a large Sainsbury's and Aldi,a Tesco Express/Petrol Station, as well as a gym, barbers, large store selling much fruit, Mc Donald's, chip shops and a late-night take-away. The local primary school is also a few minutes walk away. The local doctor's and pharmacy are within a 10 minute walk.
In terms of transport links in the area, there is a bus stop right outside the flat, with stops for other routes into the city. The tram stop is five minutes walk away and goes directly to the city centre, Nottingham train station and the QMC hospital.
A two bedroom ground floor apartment located in Nottingham available through the Shared Ownership Scheme.
Available for £52,800 for 60% share based on the marketing figure of £88,000.
SO Resi Monthly Payment - £255.99
Monthly Service Charge - £79.15
Total Monthly Charge - £335.14 PLUS MORTGAGE REQUIRED FOR 60% SHARE
Minimum income requirement - £18.963
London properties - Incomes required are based on the following assumptions: Deposit 5%, mortgage interest rate 2.99% & mortgage term 25 years. Income required will be reduced if you have a higher deposit available.
Buy more shares for a minimum of 10%
Energy Rating Band - C
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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