3 bed end terrace house for sale

Cottage Farm, Oadby, Leicester LE2

Summary
Plot 278 Cottage Farm is a three bedroom home at the popular Cottage Farm development which is available to buy via Shared Ownership. Shares available from 40-75% with the option to staircase to 100% in the future. Rents from £440 based on a 40% share with a minimum deposit of £6400 required.

Description
Cottage Farm is an exciting new collection of two & three bedrooms home for sale via Shared Ownership in Oadby.

These homes are brought to the market by Zen Housing and built by Bloor Homes. Shares are available to purchase from 40-75% with the option to staircase to 100% in the future,

Three bedroom homes available:

Plot 276 - completed
plot 277 - completed
plot 278 - for sale

Plot 278 is build complete and ready to move into. Viewings are available subject to a financial assesment having taken place.

This three bedroom home comprises a spacious lounge, storage cupboard and an open plan kitchen/ dining area to the ground floor with a downstairs W.C. To the first floor is a master bedroom, with two further bedrooms and storage space. The family bathroom further benefits from storage space. These homes offer a turfed rear garden with two car parking spaces. Each home is integrated with a Utopi smart device, which enables you to get insights from real-time wellbeing and energy consumption data, then take action to improve your living environment and reduce your carbon footprint.

Price example:

Full market value - £320,000
40% share price - £128,000
Rent per month based on a 40% share - £440
Service/ estate charge per month - £65.94
Minimum deposit required - £6400
Lease term - 999 years
Ground rent - no ground rent payable

Call our shared ownership team today to discuss further.

Location
Located on the outskirts of Leicester and just 5 miles from the centre, living at Cottage Farm you can enjoy the benefits of a charming town, excellent transport links and good local amenities right on your doorstep. Oadby is famed for being the home of Leicester Racecourse and is a thriving town offering a wealth of shops, including convenience stores, Sainsbury’s and an M&S Foodhall for your weekly shop - all less than a ten-minute drive away.

The Parade is home to well-known shopping names, alongside banks, a post office, dentist, doctors’ surgeries and much more. Oadby also offers a wonderful choice of places to eat including restaurants, takeaways, pubs and cafés.

Commuters will appreciate the excellent transport links close to these new houses for sale in Oadby. The A6 runs directly past the town and allows for direct journeys to Leicester (18 minutes), Market Harborough (20 minutes) and Kettering (30 minutes). The M1 can also be accessed in around 20 minutes, and provides routes for a host of locations north and south.

Leicester train station is around 5 miles from Cottage Farm, and provides regular services to Rugby (33 minutes), Nottingham (30 minutes), Birmingham New Street (50 minutes) and London St Pancras (1 hour 9 minutes).

Shared Ownership
Shared Ownership is a government scheme that offers you the chance to buy a share of a property from a housing association, a non-profit-making body that provides homes.

Because you only own a part of the property, you can buy it with a smaller deposit and mortgage. A smaller mortgage means smaller repayments but you’ll also need to pay:

-Rent on the share of the property you do not yet own
-Monthly service charges

To be eligible for Shared Ownership you need to:

-Be a first-time buyer, an existing shared ownership homeowner, or a former homeowner who can't afford to buy now
-Be over 18 years old
-Have an annual household income of less than £80,000 (£90,000 in London).

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.