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2 bed semi-detached house for sale

£60,000 Shared ownership

Abbots Way, Scothern, Lincoln LN2

2 1 1
Interested in this property? Call +44 1522 397701 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • New Home
  • 50% Shared Ownership
  • Two Bedrooms
  • Lounge
  • Kitchen
  • Off Street Parking
  • Popular Village
  • No Restriction on Stair Casing

Property description

New build property situated in the popular village of Scothern within 'The Grange' development. This two bedroom semi detached home with cloakroom, lounge, kitchen and family bathroom. Benefiting from off street parking and garden. No restriction on stair casing with this home and also comes with a 10 year nhbc warranty. Being sold on an initial 50% shared ownership basis. Register your details with us to arrange a viewing.

Estimated build completion is October 2016. Any potential buyer must have a local connection to the village.

Leasehold with a 125 year lease with vacant possession on completion. Rent on remaining share – £137.50pcm.
Monthly service charge- tbc.

Anybody interested in this property must be accepted by the help to buy scheme. Please see the link below where you will be able to fill in the application.

Link for Shared Ownership scheme:




Services All main services are connected.

Viewing Strictly by appointment through Frankeys Telephone .

Shared ownership Shared ownership properties are sold through housing associations. You buy a stake of between 25% and 75% of the property, using a deposit and a mortgage. You then pay rent on the remaining share, which is owned by the local housing association.

Shared ownership properties are leasehold properties, meaning you will own the lease on them for a fixed period of time, typically 125 years. You also have to pay a service charge for the property, which is usually charged on a monthly basis.

Kitchen 14' 01" x 10' 08" (narrows to 8'09") (4.29m x 3.25m)

cloakroom

lounge 12' 11" x 10' 08" (3.94m x 3.25m)

bedroom one 14' 01" (narrow to 10'08") x 9' 05" (4.29m x 2.87m)

bedroom two 12' 03" (narrows to 9'03" x 4'09) x 06' 11" (3.73m x 2.11m)

bathroom 06' 10" x 05' 10 " (2.08m x 1.78m)

Property info

Floorplan(s): Floorplan 1 Floorplan 2

View original

Market activity
Average price paid £191,095 Sales 519 Current average value £201,374 (Zoopla Zed-Index) Value change £1,958 ▲ 0.98%

Property value data/graphs for LN2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £270,253 £195 3.6 £277,919
Semi-detached £164,336 £185 2.9 £158,209
Terraced £131,269 £152 2.9 £129,273
Flats £137,349 £181 1.8 £119,921

Current asking prices in LN2

Average: £193,515
Avg. current asking prices in LN2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £92,475
(2)
£129,865
(24)
£190,997
(55)
£278,458
(31)
£318,925
(10)
Flats £88,221
(12)
£118,491
(22)
£160,000
(2)
- -
All £88,829
(14)
£124,425
(46)
£189,910
(57)
£278,458
(31)
£318,925
(10)

Current asking rents in LN2

Average: £769 pcm
Avg. current asking prices in LN2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £381 pcm
(13)
£581 pcm
(9)
£812 pcm
(7)
£1,157 pcm
(10)
£766 pcm
(4)
Flats £477 pcm
(19)
£756 pcm
(11)
£1,062 pcm
(2)
£1,560 pcm
(1)
£1,856 pcm
(3)
All £438 pcm
(32)
£677 pcm
(20)
£867 pcm
(9)
£1,193 pcm
(11)
£1,233 pcm
(7)

Fun facts for LN2

Highest value in LN2
Highest value streets Zed-Index
Mainwaring Road £505,120
Sudbeck Lane £481,598
Sewell Road £455,121
Massey Road £441,805
Palmer Road £432,377
Highest turnover in LN2
Highest turnover streets Turnover
Warren Court 58.3%
Howe Court 58.3%
Putnam Drive 53.8%
South View 50.0%
Westholm Close 50.0%

What Zoopla users think of Scothern

Overall rating:

  • currently 4 stars
Very good - 80% (11 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Scothern:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Lincoln (5.0 miles)
  • Hykeham (8.2 miles)
  • Saxilby (9.0 miles)
  • Humberside Airport (21.3 miles)
  • Robin Hood Airport (27.0 miles)
  • East Midlands Airport (47.7 miles)
  • Hull Ferry Terminal (33.4 miles)
  • West Lynn Ferry Landing (49.8 miles)
  • King's Lynn Ferry Landing (49.9 miles)

Nearby schools

View all schools in West Lindsey
  • Ellison Boulters Church of England Primary School (0.7 miles)
  • Reepham Church of England Primary School (1.5 miles)
  • The Nettleham Church of England Voluntary Aided Junior School (1.8 miles)
  • Lincoln College (4.5 miles)
  • Lincoln UTC (4.5 miles)
  • Broughton House College (15.8 miles)
  • Cherry Willingham Community School (1.8 miles)
  • William Farr CofE Comprehensive School (2.5 miles)
  • Lincoln Christ's Hospital School (3.8 miles)
Note: Distances are straight line measurements

Local info for West Lindsey

AskMe Q&A for West Lindsey

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For more information about this property, please contact
Frankeys, LN2 on +44 1522 397701 * (local rate)

Monthly running costs Beta

£429 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,000
Repayment term 25
Interest rate 1.5
Your payment £215 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,500,000 Contents value up to £80,000 Average insurance cost £9/mo (£113/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £24 Electricity £33 Estimated energy cost £57/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 8600 kWh/year
Electricity: 2600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

West Lindsey

Estimated tax band A Council tax cost £110 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £16 Sewerage £22 Estimated water cost £38 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Frankeys about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Frankeys, and do not constitute property particulars. Please contact Frankeys for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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