3 bedroom semi-detached house for sale

FULL DESCRIPTION Bell & Co Estates are thrilled to present 25% shared ownership of a four bedroom semi detached home for £67,500. Monthly rent on remaining share is £464.06. In addition, there will be a monthly service charge of £26.25, situated in the popular new development in Staveley.

25% to 100% shared ownership available, this is a fantastic opportunity for first-time buyers to step onto the property ladder.

Set over three floors, the property opens into a welcoming entrance hallway, complete with downstairs WC.

The open-plan kitchen, diner creates a bright, versatile space for everyday living and entertaining. The stylish kitchen boasts integrated appliances, plenty of cupboard space, and modern finishes.

The Dining area is bathed in natural light thanks to the French doors, which open directly onto the private rear garden.

To the first floor further you'll find the large lounge and one generously sized bedroom, offering flexibility for family living, guest accommodation, or working from home.

The contemporary bathroom features a shower over the bath, a wash basin, and a WC, all finished to a high standard.

To the second floor are a two further bedrooms, one of which is the master bedroom complete with en suite, shower cubicle, wash basin and WC.

The property benefits from a double driveway at the front, providing ample parking space, along with an electric car charging point for modern convenience.

The rear garden is private and secure, featuring a patio area for outdoor dining, a newly turfed lawn, and side gate access-perfect for entertaining or relaxing.

Situated in the sought-after development in Staveley, this home is close to local amenities, excellent transport links, and reputable schools, making it an ideal choice for families and professionals alike.

Don't miss this fantastic opportunity!

Call Bell & Co Estates today to arrange your viewing and take the first step toward owning this beautiful home.

SHARED OWNERSHIP INFORMATION What is shared ownership?

Shared Ownership, also known as Low Cost Home Ownership (LCHO), is an affordable way to step on the property ladder. Typically the offer share will be between 10-75% (depending on which model you are purchasing under) of the property depending on how much you can afford. The bigger the share you buy, the less rent you have to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to purchase without a mortgage. Any deposit you pay will be smaller than if buying outright as you will be purchasing a share of your home.

The Housing Association who will own the remainder of the property will charge a rent which is reviewed annually. In addition to the rent, a service charge will be applicable to each property to cover things such as building insurance and estate management charges.

All shared ownership properties are leasehold by default, which means you have an agreement with the landlord to own the property for a certain number of years. When the lease comes to an end, ownership of the property returns to the landlord.

Eligibility

In order to qualify for a shared ownership property, you must have a household income of under £80,000 per year and one of the following must apply:
• you are a first time buyer, or
• you used to own a home but cannot afford to buy now, or
• you are currently a shared owner
The following is also required for shared ownership:
• You must be able to access a mortgage and or savings for the share
• The property must be the occupiers sole dwelling, and at the time of completing a purchase of a shared ownership home the buyers must not own any other property or part of a property.
• Where a specific development schemes required you must have local connection
• Applicants must complete an application form and financial assessment, undertaken by an Independent Financial Advisor
• You should be a British or EU/EEA citizen, or have indefinite leave to remain.

Want to buy more shares in your home?
After you've lived in your property for a certain amount of time, you can buy further shares in your property (the terms of this will be set out in your lease). For example, if you start out with a 25% share of your property, you can buy another 25%, which would mean you own 50%. This is called staircasing.

You may be able to staircase up to 100% of your property, in which case you would own the property outright and no longer need to pay rent to Arches. Your lease will set out rules about stair casing. Similarly, if you buy full shares in your property, you may become freehold, but this varies from property to property. Please check your lease for more information on your staircasing and freehold options for your home.

For homes under the new model you have the option to buy a 1% share each year for the first 15 years. The price of the 1% share is based on the original full market value adjusted up or down each year in line with the House Price Index (HPI). The HPI is a national statistic that shows changes in the value of residential properties. Arches will give you an up-to-date HPI valuation at least once a year and again when you request to buy a 1% share. If either party would prefer an RICS valuation instead of HPI one can be ordered, the party who chooses to instruct a RICS surveyor pays for the cost of the valuation. You cannot roll over unused options to buy 1% shares to future years. The offer is limited to a maximum of 1% each year.

What if I want to sell?

If you wish to sell your shared ownership property, you will need to approach us in writing to advise us that you want to sell.

What am I responsible for?

As a shared owner, your responsibilities will be laid out in your lease. For example the lease will reference:
• paying your rent
• paying your service charge (this covers things like grounds maintenance and communal cleaning)
• having your gas appliances regularly serviced
• carrying out any repairs and maintenance the property needs, both inside and outside (please check lease as under new model some repairs may be covered)

ENTRANCE HALL The spacious entrance hall provides access to all the the downstairs rooms.

KITCHEN/DINER 12' 5" x 11' 11" (3.78m x 3.63m) The open-plan kitchen/diner is bright and has great access to the garden through large French doors. The kitchen is spacious and includes modern integrated appliances.

LOUNGE 12' 5" x 11' 7" (3.78m x 3.53m) The lounge is perfect for relaxing as it is separate with large windows and fitted storage.

WC The downstairs WC is fitted with a basin and WC.

BEDROOM 1 12' 5" x 15' 9" (3.78m x 4.8m) This large bedroom has views of the garden and a private en suite.

EN SUITE 7' 4" x 5' 5" (2.24m x 1.65m) The modern first bedroom en suite has a large shower cubicle, basin and WC.

BEDROOM 2 12' 5" x 11' 11" (3.78m x 3.63m) This first floor bedroom is a generous size.

BEDROOM 3 12' 5" x 10' 11" (3.78m x 3.33m) This first floor bedroom is large and has plenty of space for fitted storage.

BATHROOM 5' 11" x 5' 5" (1.8m x 1.65m) The bathroom has full modern facilities with a large bath/shower, basin and WC.

BEDROOM 4 12' 5" x 8' 11" (3.78m x 2.72m) This second floor bedroom is great for owners or guests with extra space for fitted cupboards.

FURTHER INFORMATION OPENING HOURS - Monday to Friday 9:00am - 5:30pm Saturday 9:00am – 12:00pm Sunday closed

INDEPENDENT MORTGAGE ADVICE - With so many mortgage options to choose from, how do you know you're getting the best deal? Quite simply you don't! So why not talk to our expert.

FREE VALUATIONS - If you need to sell a house then please take advantage of our FREE VALUATION service, contact our office for a prompt, personable and efficient service.

DISCLAIMER - Whilst we endeavour to make our particulars accurate and reliable we make no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. The services, systems and appliances listed in this listing have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and accuracy is not guaranteed. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. If there is anything which is of particular importance to you, please contact the office and we will be happy to check or confirm the information. Please inform us if you become aware of any information being inaccurate.

MONEY LAUNDERING REGULATIONS - Should a purchaser(s) have an offer accepted on a property marketed by us, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement.