House For Sale £60,000
Price Representative of 40% Share
This modern 2-bedroom semi boasts ample parking with 2 allocated, off street parking spaces. Buyers can enjoy a large family home and private rear garden which is completely ready to move into. The ground floor benefits from spacious hallway with WC and separate storage, as well as a spacious lounge and contemporary open-plan kitchen/dining area. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, both bedrooms are a good size with a handy storage cupboard to bedroom 1 and there is a modern family bathroom with shower over bath.
The property is in excellent condition having been rented under the rent-to-buy scheme for the last two years and comes fully supplied with floor coverings throughout.
About Shared Ownership
With shared ownership, you'll purchase a share of your home which will be subject to your individual affordability. You'll then pay rent on the remaining share owned by Longhurst Group - the housing association. This means you'll have lower monthly payments than you would with a traditional mortgage, making it a great option for first-time buyers or those needing to downsize.
But that's not all! As you build equity in your home, you can increase your ownership over time, eventually owning 100% of the property.
All properties on this development that are for sale with The New Homes Agent are available to purchase on a shared ownership basis only. Shares between 40% and 75% being made available on this property.
Example Share Breakdowns
Please find examples of share amounts available provided:
45% share - Purchase price £67,500 - Rental Amount Payable £233.78 per month
60% share - Purchase price £90,000 - Rental Amount Payable £182.22 per month
75% share - Purchase price £112,500 - Rental Amount Payable £130.66 per month
Full Property Value: £150,000
Total rent includes rent, building insurance, third party management charge and management charge.
Shared Ownership Criteria
In order to submit an application for a shared ownership home, you'd need to consider the following criteria.
Do you have a local connection to Tuxford and the surrounding area?
Do you currently own another property that isn't being sold?
Is your total combined household income within £80,000 per annum?
For further details on whether you would be eligible for one of these homes, please contact The New Homes Agent.
Location
Tuxford is a thriving small town situated off the A1 near Newark in Nottinghamshire. It offers a range of amenities, from pubs, shops and cafes and hosts the popular secondary school Tuxford Academy. Ideally located, Tuxford provides central access to both Newark and Mansfield as well as being conveniently situated off the A1 which provides a direct route to major towns and cities.
EPC Rating: B
