House For Sale £121,000
Plot 5: The Beckingham - 2-Bedroom Semi-Detached Bungalow
Price Representative of 55% Share
Built by Lindum, this 2-bedroom semi-detached bungalow boasts ample parking with 2 allocated, off street parking spaces. The ground floor benefits from hall which leads straight through to a modern kitchen/dining room at the rear, with patio doors opening through to the enclosed rear garden which will be freshly turfed. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor hood. Both bedrooms are a good size. The hall and Bedroom 1 lead to a modern jack and jill wet room incorporating shower, wash-hand basin and toilet.
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, with shares between 45% and 75% being made available.
Example Share Breakdowns
Please find examples of share amounts available provided:
45% share - Purchase price £99,000 - Rental Amount Payable £335.10 per month
60% share - Purchase price £132,000 - Rental Amount Payable £259.48 per month
75% share - Purchase price £165,000 - Rental Amount Payable £183.85 per month
Full Property Value: £220,000
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 Claypole, Stubton and Fenton, Westborough and Dry Doddington?
Do you currently own another property that is 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
For the exact location please use the What3words code: ///ballparks.goodbyes.barbarian
Claypole, a sought-after village located only five miles from Newark on Trent, offers a variety of amenities catering to diverse needs. These amenities include a village store, a welcoming coffee shop, the charming Five Bells public house, a reliable butchers, and a convenient salon. Families are well-served with a community park and access to Claypole Church of England Primary School, as well as being within the catchment area for The Suthers School in Newark, ensuring excellent educational opportunities. In terms of transport links, Claypole provides convenient access to the A1, facilitating easy travel to Grantham and Newark. Additionally, bus routes to Grantham, Sleaford, and Newark offer further connectivity, enhancing the village's accessibility and convenience for residents and visitors alike.
