House For Sale £66,250
Shared Ownership
This brand new home is available to buy from as little as £66,250 with a 25% share!
Pine Falls, Calverton is in the heart of Nottinghamshire and offers a selection of brand new Shared Ownership homes. This location offers buyers the best of both worlds: The vibrancy of the city and the quiet of the countryside. Its close proximity to Nottingham means that you can enjoy city life any time you want; browse the extensive high street shops, dine in one of Nottingham’s celebrated restaurants and try out its dynamic night life.
Or, you can delve into Nottinghamshire’s rich heritage and historic buildings; visit Newstead Abbey, home of Lord Byron or, discover Gedling Country Park (on the site of the Gedling Colliery) with its 240 acres of open space, footpaths, wildlife and stunning views over Nottinghamshire’s rolling hills and charming villages. Whether you like to shop, walk, hike, cycle or drive, there are plenty of beautiful places to discover in and around Calverton.
With the bustling town of Calverton just minutes away and Nottingham’s vibrant city centre just a few miles, it’s ideal for those who want all the convenience of modern living, close to home. There are a host of amenities nearby, including a number of independent shops, an inviting cafe, a Sainsbury’s Local supermarket, a popular pub and much more.
Built to the ‘Melbourne’ design this brand new home has accommodation featuring a gorgeous open plan kitchen/diner, separate living room, ground floor cloakroom, three bedrooms, bathroom, parking and an enclosed rear garden.
Pricing & affordability
Full Market Value: £265,000
25% Share Price: £66,250 (rent £455.47pcm)
50% Share Price: £132,500 (rent £303.65pcm)
75% Share Price: £198,750 (rent £151.82pcm)
Minimum 5% Mortgage Deposit (25% share): £3,313
Approximate Service Charges: £tbc pcm*
Shared Ownership Lease: 990 years
Council Tax Band: Tbc
Eligibility
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.
At Pine Falls you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership scheme you would need to meet the following criteria:
• You must have a local area connection. This means that currently you must live and/or work in the local borough of Gedling. Proof will need to be provided as part of your application.
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
This brand new home is available to buy from as little as £66,250 with a 25% share!
Pine Falls, Calverton is in the heart of Nottinghamshire and offers a selection of brand new Shared Ownership homes. This location offers buyers the best of both worlds: The vibrancy of the city and the quiet of the countryside. Its close proximity to Nottingham means that you can enjoy city life any time you want; browse the extensive high street shops, dine in one of Nottingham’s celebrated restaurants and try out its dynamic night life.
Or, you can delve into Nottinghamshire’s rich heritage and historic buildings; visit Newstead Abbey, home of Lord Byron or, discover Gedling Country Park (on the site of the Gedling Colliery) with its 240 acres of open space, footpaths, wildlife and stunning views over Nottinghamshire’s rolling hills and charming villages. Whether you like to shop, walk, hike, cycle or drive, there are plenty of beautiful places to discover in and around Calverton.
With the bustling town of Calverton just minutes away and Nottingham’s vibrant city centre just a few miles, it’s ideal for those who want all the convenience of modern living, close to home. There are a host of amenities nearby, including a number of independent shops, an inviting cafe, a Sainsbury’s Local supermarket, a popular pub and much more.
Built to the ‘Melbourne’ design this brand new home has accommodation featuring a gorgeous open plan kitchen/diner, separate living room, ground floor cloakroom, three bedrooms, bathroom, parking and an enclosed rear garden.
Pricing & affordability
Full Market Value: £265,000
25% Share Price: £66,250 (rent £455.47pcm)
50% Share Price: £132,500 (rent £303.65pcm)
75% Share Price: £198,750 (rent £151.82pcm)
Minimum 5% Mortgage Deposit (25% share): £3,313
Approximate Service Charges: £tbc pcm*
Shared Ownership Lease: 990 years
Council Tax Band: Tbc
Eligibility
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.
At Pine Falls you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership scheme you would need to meet the following criteria:
• You must have a local area connection. This means that currently you must live and/or work in the local borough of Gedling. Proof will need to be provided as part of your application.
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
