2 bed semi-detached house for sale

Tyler Drive, Keyworth, Nottingham NG12

Shared Ownership

This superb modern home is available to buy from as little as £64,500 with a 25% share!

A well-presented two-bedroom home situated on Tyler Drive in Keyworth, offering approximately 743 sq ft of accommodation arranged over two floors. The property benefits from a private driveway providing off-road parking for one car, a private rear garden and an exceptionally long 997-year lease.

The ground floor comprises a comfortable separate lounge leading through to a spacious kitchen/dining room, with access to the rear garden. There is also a convenient downstairs WC. Upstairs are two well-proportioned bedrooms, a family bathroom and useful built-in storage.

Tyler Drive is conveniently positioned for the shops and everyday amenities available within Keyworth, while the area also offers local bus connections and good road links towards Nottingham and the surrounding villages.
Pricing & affordability


Full Market Value: £258,000

25% Share Price: £64,500 (rent £412.15pcm)
Minimum 5% Mortgage Deposit (25% share): £3,225
Approximate Service Charges: £58.83pcm*
Lease: 997 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.