3 bedroom Semi Detached House for sale,

Colliery Way, Bilsthorpe, Nottinghamshire, NG22

What is Shared Ownership?

It is a government-backed scheme.

If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% ) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright by staircasing to 100%. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Full Market value of this property is £209,000.

Example of Financial Breakdown:

Full market value: £209,000

40% share value: £83,600

5% deposit: £4,180

Rent charged on un-owned share: 2.75%

Monthly Rent on un-owned share (60%) £287.38

Monthly Estimated service charge: £48.41

Key Features:

• New build home

• Purchase through shared ownership

• Flooring throughout

• Symphony fitted Kitchen

• Ground floor W/C

• Private rear garden

• Integrated fridge/freezer

• Turfed lawns

• Close to local amenities

• Good transport link

About Places For People:

Places For People are a Registered Provider offering these homes for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.