2 bed semi-detached house for sale

Sir Brian Way, Bilsthorpe, Newark NG22

Shared Ownership

This superb modern home is available to buy from as little as £138,750 with a 75% share!

Located within the village of Blisthorpe is this exceptional semi detached home presented in beautiful order throughout. This beautiful home provides well bright and spacious accommodation over two floors comprising entrance hall, large living room, downstairs WC and kitchen/dining room on the ground floor. Upstairs there are two good size double bedrooms and a contemporary family bathroom. To the front of the property, there is driveway parking for two/three cars. At the rear, there is a private sunny aspect garden and open fields beyond.

Bilsthorpe is a village and civil parish located in the Newark and Sherwood district of Nottinghamshire and is divided into two main areas: The 'old' and 'new' village. Amenities cater to every day needs and include a Post Office, butchers, pharmacy, grocery store and fish and chip shop. There are also a selection of local pubs.
The nearest National Rail station is in Mansfield, providing services to Nottingham. There are also local bus routes.
Pricing & affordability


Full Market Value: £185,000

75% Share Price: £138,750 (rent £131.85 pcm)
Minimum 5% Mortgage Deposit (75% share): £6937.50
Lease: 996 years
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.

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.

*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.