3 bed semi-detached house for sale

Exley Square, Lincoln LN2

* 33% Shared Ownership *

A spacious and well-presented three bedroom semi-detached home, available on a 33% shared ownership basis and occupying a generous plot within a popular residential area to the north-east of Lincoln.

Offering well-proportioned accommodation throughout, the property comprises an entrance hallway with downstairs W.C., a bright bay-fronted living room, and a fitted kitchen opening through an archway to the dining room, creating an ideal space for everyday family living and entertaining. The dining room benefits from patio doors providing direct access to the rear garden.

To the first floor, the landing gives access to three bedrooms, including a principal bedroom with en-suite shower room, together with a modern family bathroom.

Externally, the property enjoys a front garden and a block paved driveway providing off-road parking for three to four vehicles. A particular highlight of the home is the stunning larger-than-average rear garden, which is predominantly laid to lawn and enclosed by fencing, with gated side access and an attractive range of mature shrubs and trees creating a wonderful outdoor space.

Further benefits include gas central heating and upgraded uPVC double glazing throughout.

The property is conveniently situated close to a wide range of local amenities, shops, transport links and well-regarded schooling, including Lincoln Carlton Academy Primary School, rated Outstanding by ofsted.

An excellent opportunity to purchase an affordable share of a spacious family home in a sought-after location. Early viewing is highly recommended.

Visit the Purplebricks website or use the Purplebricks App to arrange your viewing.

Shared Ownership

If you buy a 33% share, the share purchase price will be
£82,500 and the rent will be £617.51 a month.

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

Share Share Purchase

Price

Monthly rent

40% £100,000.00 £552.99

50% £125,000.00 £460.83

60% £150,000.00 £368.66

70% £175,000.00 £276.50

75% £187,500.00 £230.41

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.

Monthly payment to the
landlord

In addition to the rent above, the monthly payment to the
landlord includes:

Service charge £1.86

Estate charge £0

Buildings insurance £7.25

Management fee £1.09

Reserve fund payment £0

Total monthly payment excluding rent £10.20

Reservation fee £0

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

• your household income is £80,000 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.

Property Ownership Information

Tenure

Shared ownership

Council Tax Band

B

Percentage Share Owned

33%

Additional Monthly Rent

£617.51

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

£102.00

Service Charge Review Period

Every 1 year

Lease End Date

28/03/2103

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.