Full price: £160,000 The full value of the property
Share value: 50% - £80,000
Estimated monthly cost*: £836
Estimated Monthly Mortgage*: £401
SO Resi Monthly Payment: £336.15 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £99.38 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.
** Monthly service charges are an estimate but include (where applicable); buildings insurance, ground rent, management and audit fees, cleaning, lighting, landscaping and general maintenance of communal areas.
Years on lease: 83
The property is located within walking distance from the local shops, bars and cafes in Central Avenue.
The area is also well-served by a good network of buses and an easy access access to the main roads and motorways.
A two bedroom second floor flat located in Nottingham available through the Shared Ownership Scheme.
Available for £80,000 for 50% share based on the marketing figure of £160,000.
SO Resi Monthly Payment - £336.15
Monthly Service Charge - £99.38
Total Monthly Charge - £435.53 PLUS MORTGAGE REQUIRED FOR 50% SHARE
Minimum income requirement - £27,865
Buy more shares for a minimum of 10%
Energy Rating Band - C
Environmental Impact Band - C
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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