2 Bed Detached House For Sale

The Development

The Edwalton Fields development is ideally situated in Edwalton. This attractive new development offers a vibrant community in the suburbs with local shopping and schools on the

doorstep. Given that it is less than six miles away from Nottingham city centre it is handy for commuting and a short drive to the A52 takes you to junction 25 of the M1. Nottingham railway station is just 5.3 miles away from Edwalton. For air travel East Midlands airport is also within a short commute by car. This sought-after area offers many outdoor activities with a near by golf course, local boutique shops and is popular with families with children. The properties will benefit from a 10 year NHBC warranty.



The Property

The Maple

Plots 11, 71 - semi-detached

Plots 44, 45, 47, 88, 89 - mid and end terraced

The Maple is a stylish two bedroom homes briefly comprise of an entrance hall, WC, kitchen to the front, useful storage and a living room to the rear. To the first floor, there are two bedrooms, further storage and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.



Prices

£31,500 for a 10% share (deposit from £1,575)

Monthly Rent on remaining share £649.69



£78,750 for a 25% share (deposit from £3,938)

Monthly Rent on remaining share £541.41



£157,500 for a 50% share (deposit from £7,875)

Monthly Rent on remaining share £360.94



£236,250 for a 75% share (deposit from £11,813)

Monthly Rent on remaining share £180.47



Prices above based on the Full Market Value of £315,000

Plots 44, 45, 47, 88, 89 are priced from £310,000



*Show Home viewings available by appointment only*

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Other shares can be purchased subject to an affordability assessment.

Examples of deposit rates are based on our minimum required deposit rate of 5%. However please seek financial advice to confirm what deposit rate is available to you.



Council Tax TBC - due to these properties being new build and not previously occupied the council tax and banding has not yet been confirmed.



Service Charge - A service charge will be charged against the property and is paid monthly with your rent payment. The service charge is reviewed on an annual basis on April 1st. This will include Buildings insurance, management and any communal/estate charges that may be covered (if applicable). The service charge displayed is estimated based on the initial assessment of the scheme, please contact the sales consultant for details.



Ground Rent - Not applicable



Homes England Key Information Document - please refer to our website to read through our key information document for this property. This will include pricing details, eligibility and lease information.



NEXT STEPS:

1. For further information, please download our brochure below.

2. TO APPLY NOW, please make an enquiry to contact Platform Home Ownership, the relevant sales consultant will then send you an application form to complete.

3. Upon receipt of your application, we will refer you for an affordability assessment to determine the most affordable share for you.

4. Once you have passed the affordability assessment, we will then be in contact to confirm the availability.

5. If there is a suitable property we will then issue you our offer letter and advise on how to pay your £250.00 reservation fee for your new home.



Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time, you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay, as the share of the home that you do not own will have got smaller.

We will offer shares between 10-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market and the combined cost of mortgage and rent is often cheaper than privately renting in the area



For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'



Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.



Please visit the Homes England website for further guidance using the Homes England Eligibility Checker.

*Please note some images are typical and should be used as a guide only