Shared Ownership
This brand new home is available to buy from as little as £81,250 with a 25% share!
Kneeton Grove is an exciting new development set within the highly sought-after village of East Bridgford, offering an attractive blend of contemporary living and traditional village charm. Surrounded by the Nottinghamshire countryside, the development has been thoughtfully designed to complement its rural setting, with modern, energy efficient homes.
East Bridgford offers a welcoming village lifestyle with local shops, pubs, schools and everyday amenities close at hand, alongside excellent opportunities for walking, cycling and enjoying the surrounding countryside. Nottingham is approximately ten miles away, while the A46 and A6097 provide convenient road connections and nearby Bingham railway station offers further transport links. With only a limited number of Shared Ownership homes available at Kneeton Grove, early interest is strongly recommended – enquire today to avoid missing out.
The Rosliston is a well designed three bedroom semi detached home with a bright, airy lounge/dining room at the rear and a stunning contemporary kitchen to the front. The first floor offers two double bedrooms and one single, along with a sleek, modern three-piece bathroom suite.
Each home benefits from practical and stylish features including flooring in wet areas, a convenient downstairs W/C, landscaped gardens, off-road parking, gas central heating, smoke detectors, uPVC doors and windows, and neutral décor throughout.
PRICING & AFFORDABILITY
Full Market Value: £325,000
25% Share Price: £81,250 (rent £558.59pcm)
50% Share Price: £162,500 (rent £372.40pcm)
75% Share Price: £243,750 (rent £186.20pcm)
Minimum 5% Mortgage Deposit (25% share): £4,063
Approximate Service Charges: £18.16 pcm*
Shared Ownership Lease: 999 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 Kneeton Grove advertised shares start from 25% (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 shared ownership you would need to meet the following criteria:
• 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
**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.
