Calder Drive, Marlpool, Heanor, DE75

The Osprey - 2 bedroom semi detached house - Various Plots Available. Expected to be build complete October 2024

Plot 7, 19 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR

Plot 8, 20 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR

Plot 15, 27 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR

Plot 24, 2 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR

Plot 25, 1 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR

FULL MARKET VALUE £215,000. The property is being offered for sale via the Shared Ownership Scheme.

The share purchase price is calculated using the full market value and the percentage share purchased.

If you buy a larger share, you'll pay less rent. The table below shows further examples.

If you buy a 25% share, the share purchase price will be £53,750 and the rent will be £369.53 per month.

SHARE: 25% / SHARE PURCHASE PRICE: £53,750.00 / MONTHLY RENT: £369.53

SHARE: 30% / SHARE PURCHASE PRICE: £64,500.00 / MONTHLY RENT: £344.90

SHARE: 40% / SHARE PURCHASE PRICE: £86,000.00 / MONTHLY RENT: £295.63

SHARE: 50% / SHARE PURCHASE PRICE: £107,500.00 / MONTHLY RENT: £246.35

SHARE: 60% / SHARE PURCHASE PRICE: £129,000.00 / MONTHLY RENT: £197.08

SHARE: 70% / SHARE PURCHASE PRICE: £150,500.00 / MONTHLY RENT: £147.81

SHARE: 75% / SHARE PURCHASE PRICE: £161,250.00 / MONTHLY RENT: £123.18

The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord

In addition to the rent above, there is an additional monthly payment to the landlord which includes a service charge and building insurance payment equating to £41.76 PCM

Eligibility

To assess your eligibility, you'll need to complete an online application form.

You can apply to buy the home if both of the following apply:

• your household income is £80,000.00 or less

• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

• you're a first-time buyer

• you used to own a home but cannot afford to buy one now

• you're forming a new household - for example, after a relationship breakdown

• you're an existing shared owner, and you want to move

• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Entrance Hall

providing access to the kitchen, lounge diner and downstairs WC. With stairs to first floor.

Kitchen

2.285m x 3.915m (7' 6" x 12' 10") fitted with a range of wall and base units and upstands, integrated stainless steel oven, hob, cooker hood, vinyl flooring

Downstairs WC

Low level WC, wash hand basin, vinyl flooring

Lounge Diner

4.343m x 4.525m (14' 3" x 14' 10") having doors to the rear garden

Bedroom 1

4.343m x 3.04m (14' 3" x 10' 0")

Bedroom 2

4.343m x 3.103m (14' 3" x 10' 2")

Bathroom

fitted with low level WC, wash hand basin, bath with shower over with glass shower screen, vinyl flooring

External

Each plot benefits from allocated parking for one vehicle minimum. Plot specific.
Lawned and paved garden

Additional Property Information

The property benefits from UPVC sealed unit double glazed windows, gas fired central heating to radiators, electric vehicle charging point and solar panels.

Our client has confirmed the property is standard brick construction, service by mains gas, electric and water. Broadband services - new build, connection ready for suppliers.

Our client has advised, to the best of their knowledge, no known flooding in past 5 years on site location.

The Local Authority, Amber Valley Borough Council, are yet to value these properties for Council Tax purposes

Shared Ownership Lease Information

Shared Ownership: A Stepping Stone to Home Ownership
Shared ownership offers a fantastic opportunity to get your foot on the property ladder. You can purchase an initial share of The Osprey, ranging from 25% to 75% in 5% increments. This makes homeownership more affordable, especially for first-time buyers. The affordability will be assessed to ensure it aligns with your financial situation.

Grow your Ownership Over Time
As you build your financial security, you have the flexibility to increase your ownership stake through a process called staircasing. This option becomes available after just 12 months, allowing you to gradually own up to 100% of the property.

Lease type: Shared Ownership Lease

Lease term: 125 Years

Maximum share you can own: You can buy up to 100% of your home.

Transfer of Freehold: At 100% ownership, the freehold will transfer to you.

Further information can be found in the Key Information...

Reservation fee

There is a £500.00 reservation fee applicable.
You’ll need to pay a reservation fee to secure your home. When you pay the fee, no one else will be able to reserve the home.
The reservation fee secures the home for 56 days. If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.

Images

Plots are anticipated to be build complete 2024. CGI illustrates the typical frontage of the plot.
Additional images used within this listing are of The Osprey View Home, taken for illustration purposes only. Plots listed will not included fixtures and fittings shown within the View Home.