Southwell, NG25 0NX

Ref Number SM0559

Leasehold - years remaining 122

A unique opportunity to be part of a shared ownership property in the heart of Southwell with this affordable housing scheme. The listing price is reflective of 25% ownership but can be stair cased to suit your needs. 

The listing price is based on 25% ownership so you would get a mortgage for £75,000 and pay rent on the other £225,000 which would work out the be £466.18  per month. 

The property itself would be perfect for a first time buyer or perhaps a newly single person or someone currently in rented wanting to get onto the property ladder. 

For more information on how exactly shared ownership works contact agent. 

The Imperial Gardens Development was built just 4 years ago so the property comes with everything you would expect from a new built property. 

It is within extremely close proximity to all the local amenities including the bars/restaurants, leisure center, parks and schools. 

The current owner has made it into a wonderful family home making the property turnkey, one you could move into immediately. 

The ground floor features a spacious living room that connects to a modern kitchen equipped with an electric oven, gas hob, extractor fan, and space for a washing machine and fridge freezer. Patio doors open up to a large garden with a lawn and patio, ideal for indoor/outdoor entertaining. Additionally, there is a convenient downstairs toilet and storage cupboard under the stairs. 

Moving upstairs, there are two double bedrooms of almost identical size - one at the front and one at the back of the property. The rear bedroom has been professionally divided to create two separate spaces, perfect for families with two children. A family bathroom with a three-piece white suite, shower over bath with screen, wall tiling, and vinyl flooring is also present. The staircase, landing, and bedrooms are carpeted in a stylish grey color. The property is fully UPVC double glazed. Outside, there is off-road parking for up to two cars.

Tenure Leasehold
Percentage Share 25%
Maximum share that can be purchased 80% Protected Area Lease
Years remaining on Lease 120
Current rent £466.18
Current service charge £22.93
Local restrictions as specified in the Section
106 agreement
Please refer to the lease – Local connection criteria
may apply
Annual rent and service charge review date 01st April
External management company Yes – Trustgreen Management Ltd