2 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold (999 years remaining)
- Brand new Shared Ownership home
- Village location
- Close to amenities
- Garden
- Two parking spaces
- Open plan lounge/kitchen/diner
This brand new home is available to buy from as little as £55,000 with a 25% share!
The Skylarks offers you the perfect escape to the country. As a resident, you’ll enjoy a relaxed village lifestyle, whilst having a wealth of shops, eateries, pubs and a supermarket all within a mile’s walk. East Leake has a convenience store, a fruit and vegetable shop, a farm shop, an independent bistro and numerous country pubs, to name but a few. Plus, with Nottingham and Loughborough just a short drive, you'll have access to high street shops, restaurants and entertainment options.
Loughborough, Nottingham, Leicester and Derby are all commutable within 30 minutes' via either the M1 Motorway, A46, A52 or A6, whilst East Midlands Parkway and Loughborough train station both have indirect routes into London St Pancras in under two hours. For international travel, East Midlands International Airport is a short drive. For those that don't drive, the development is located close to a major bus route that has links into Nottingham.
Great schools are also within the catchment area, whilst the destination is proving a hit with commuters from all over the East Midlands. Brookside Primary School, Lantern Lane Primary School and East Leake Academy are all within the village catchment area, whilst a planned primary school is underway next to the development.
This brand new mid terrace home features and open plan lounge/kitchen/diner with a ground floor cloakroom, two double bedrooms, bathroom, two parking spaces and a garden.
PRICING & AFFORDABILITY
Approximate Size 750 sq ft
Full Market Value: £220,000
25% Share Price: £55,000 (rent £378.13pcm)
50% Share Price: £110,000 (rent £252.08pcm)
75% Share Price: £165,000 (rent £126.04pcm)
Minimum 5% Mortgage Deposit (25% share): £2,750
Approximate Service Charges: £21.62 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 Skylarks 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 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.
*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.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference SDO240055. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.