3 bed semi-detached house for sale

Arlington Gardens, Grantham NG31

Secure My Sale Estate Agents are delighted to bring this well presented three bedroom semi-detached home to the market on a shared ownership basis (40% share available). This modern property, built in 2019, offers a wonderful opportunity for those seeking a comfortable and stylish home. With a generous living space of 915 square feet, this residence features three well-proportioned bedrooms, making it ideal for families or those looking for extra room.

Upon entering, you will find a welcoming reception room that provides a perfect space for relaxation and entertaining. The layout is thoughtfully designed to maximise both space and light, creating a warm and inviting atmosphere throughout.

This home is available through a 40% shared ownership scheme for £86,800, making it an attractive option for first-time buyers or those looking to step onto the property ladder. The leasehold arrangement offers peace of mind, while the great condition of the house means you can move in with minimal fuss.

Situated close to local amenities, you will find shops, schools, and parks within easy reach, enhancing the appeal of this location. Whether you are commuting or enjoying the local community, this property provides a perfect balance of convenience and comfort.

In summary, this semi-detached house in Arlington Gardens is a fantastic opportunity for anyone looking for a modern home in a vibrant area. With its spacious layout, excellent condition, and proximity to amenities, it is sure to attract interest. Do not miss the chance to make this lovely property your own.

Leasehold Charges:
Service charge £1.55
Estate charge £0.00
Buildings insurance £6.75
Management fee £25.95
Reserve fund payment £0.00

Total monthly payment excluding rent : £34.25
Total monthly payment including rent : £361.09

This home is available through Shared Ownership, letting you buy a percentage of the property and pay a subsidised rent on the remainder. A 40% share is priced at £86,800, with rent of £326.84 a month on the remaining 60% held by the landlord. Larger shares bring the rent down: 50% is £108,500 with rent of £272.37; 60% is £130,200 with rent of £217.89; 70% is £151,900 with rent of £163.42; and 75% is £162,750 with rent of £136.18. The share and rent you can afford will be confirmed following a financial assessment, at which point you'll be given a worked example specific to your circumstances. Rent is calculated at 3.01% per annum of the value of the share retained by the landlord.

On top of the mortgage and rent, monthly costs come to £34.25 in total, made up of a £1.55 service charge, £6.75 buildings insurance and a £25.95 management fee, with the estate charge and reserve fund payment both currently £0.00.

A £250 reservation fee secures the property for 56 days, during which it can't be reserved by anyone else. This is deducted from the final payment on completion if the purchase goes ahead, but is non-refundable if it doesn't.

The property can be staircased up to full ownership, at which point the freehold transfers to the buyer.