Shared Ownership

This brand new home is available to buy from as little as £52,500 with a 25% share!

Millers Walk is stunning new development in Kirkby-in-Ashfield, Nottinghamshire and offers a collection of quality 2 & 3 bedroom semi-detached and detached homes. Only 17 miles from Nottingham, this development benefits from the vibrancy of the city – and the calm of Nottinghamshire’s breathtaking countryside.

Kirkby-in-Ashfield is nestled between the beautiful Derby Dales, and whether its the countryside or City life that you crave, then Kirkby-in-Ashfield is for you. You can enjoy city life any time you want; browse the extensive high street shops, dine in one of Nottingham’s celebrated restaurants and try out its dynamic night life. Or, you can delve into Nottinghamshire’s rich heritage and historic buildings; visit Nottingham Castle or roam Nottinghamshire’s rolling hills and charming villages.

The Kirkby is a semi-detached home with a spacious lounge to the front and stunning kitchen/dining room to the rear that has French doors that open out to the rear garden. There is also a separate utility room that is accessed from the kitchen. On the first floor, the Kirkby has two double bedrooms and a single – the large master also has an en-suite. There is also a contemporary bathroom suite and useful extra storage space. In addition, each property benefits from a downstairs w/c, landscaped garden, off-road parking, gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.

PRICING & AFFORDABILITY

Full Market Value: £210,000

25% Share Price: £52,500 (rent £360.94pcm)
50% Share Price: £105,000 (rent £240.63pcm)
75% Share Price: £157,500 (rent £120.31pcm)

Minimum 5% Mortgage Deposit (25% share): £2,625
Approximate Service Charges: £12.16 pcm*
Shared Ownership Lease: 999 years
Council Tax Band: TBC

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.

At Millers Walk you can buy a minimum 10% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Photos

3 bedroom house for sale