Calder Drive, Marlpool, Heanor, DE75
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Semi Detached House
- Three Bedrooms
- Lounge Diner
- Kitchen
- Downstairs WC
- First Floor Bathroom
- Off Road, allocated parking
- Solar Panels
- EV Charging Point
- 25% Share Advertised
Description
The Sparrow - 3 bedroom semi detached house - Various Plots Available. Expected to be build complete October 2024
Plot 10, 22 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR
Plot 11, 23 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR
Plot 22, 4 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR
Plot 23, 3 Calder Drive, Marlpool, Heanor, Derbyshire DE75 7XR
Plot 26, 1 Woodland Drive, Marlpool, Heanor, Derbyshire DE75 7XR
Plot 27, 2 Woodland Drive, Marlpool, Heanor, Derbyshire DE75 7XR
FULL MARKET VALUE £250,000. 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 40% share, the share purchase price will be £62,500 and the rent will be £429.69 per month.
If you buy a larger share, you'll pay less rent. The table below shows further examples.
SHARE: 25% / SHARE PURCHASE PRICE: £62,500.00 / MONTHLY RENT: £429.69
SHARE: 30% / SHARE PURCHASE PRICE: £75,000.00 / MONTHLY RENT: £401.04
SHARE: 40% / SHARE PURCHASE PRICE: £100,000.00 / MONTHLY RENT: £343.75
SHARE: 50% / SHARE PURCHASE PRICE: £125,000.00 / MONTHLY RENT: £286.46
SHARE: 60% / SHARE PURCHASE PRICE: £150,000.00 / MONTHLY RENT: £229.17
SHARE: 70% / SHARE PURCHASE PRICE: £175,000.00 / MONTHLY RENT: £171.88
SHARE: 75% / SHARE PURCHASE PRICE: £187,500.00 / MONTHLY RENT: £143.23
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 and store.
Kitchen
3.051m x 4.530m (10' 0" x 14' 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
5.130m x 3.910m (16' 10" x 12' 10") having doors to the rear garden
Bedroom 1
2.732m x 4.160m (9' 0" x 13' 8")
Bedroom 2
2.732m x 4.280m (9' 0" x 14' 1")
Bedroom 3
2.329m x 3.058m (7' 8" x 10' 0")
Bathroom
fitted with low level WC, wash hand basin, bath with shower over with glass shower screen, vinyl flooring
Extenal
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 Sparrow, 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 Document under t...
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 Sparrow Show Home, taken for illustration purposes only. Plots listed will not included fixtures and fittings shown within the View Home
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Calder Drive, Marlpool, Heanor, DE75
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Langley Mill Station1.4 miles
- Ilkeston Station2.9 miles
About David Robinson Estate Agents, Broughton Astley
77 Main Street, Broughton Astley, Leicester, LE9 6RENotes
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