Semi-detached house for sale in Dovecote Lane, Nottingham NG9

The Worcester home is an ideal space for first-time buyers, those looking to downsize or for growing families.

To the front of the home is the living area where you can unwind of an evening and weekend. At the rear of the ground floor is a large kitchen/dining area. This room allows you to embrace open-plan living and is the perfect space for hosting or for meals with your family. French doors connect the kitchen/dining space to the private garden at the rear of the home. The ground floor also consists of a downstairs WC and a storage cupboard.

On the first floor are three generously sized bedrooms as well as a family bathroom including a shower over bath, and a storage cupboard.

This property is available through Shared Ownership.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.