Semi-detached house for sale in Tibshelf Road, Holmewood, Chesterfield S42

2 bedroom semi detached house, The Falcon.

Plot 2 - 3 Tibshelf Road, Holmewood, Chesterfield, Derbys S42 5ZX

full market value £190,000. This property are 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 £76,000.00 and the rent will be £261.25 per calendar month.

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

Share: 25% / Share Purchase Price: £47,500.00 / Monthly Rent: £326.56

Share: 30% / Share Purchase Price: £57,000.00 / Monthly Rent: £304.79

Share: 40% / Share Purchase Price: £76,000.00 / Monthly Rent: £261.25

Share: 50% / Share Purchase Price: £95,000.00 / Monthly Rent: £217.71

Share: 60% / Share Purchase Price: £114,000.00 / Monthly Rent: £174.17

Share: 70% / Share Purchase Price: £133,000.00 / Monthly Rent: £130.63

Share: 75% / Share Purchase Price: £142,500.00 / Monthly Rent: £108.85

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 £38.66

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 payment

Ground floor

Entrance Hall
having stairs to first floor landing and access to the lounge

Lounge
3.6m x 3.5m (11' 10" x 11' 6") with access to the WC and under-stair store

Downstairs WC
With wash hand basin and low level WC

Kitchen Diner
4.6m x 2.9m (15' 1" x 9' 6") fitted with a range of wall and base units, fitted oven, hob and cooker hood, integrated fridge freezer, washing machine, dishwasher and ceramic tiled floor

First floor

Bedroom 1
4.6m x 2.9m (15' 1" x 9' 6")

Bedroom 2
4.6m x 2.9m (15' 1" x 9' 6")

Bathroom
fitted with low level WC, wash hand basin, bath with shower over and screen, ceramic tiled floor

External
A driveway provides off road parking. The property also benefits from a turfed rear garden

Additional Information
The property benefits from UPVC sealed unit double glazed windows, gas fired central heating to radiators

David Robinson Estate Agents Ltd act as a referral agent for the Registered Social Housing provider. Your referral is not a guarantee that you will be successful for a property. The provider requires you to undergo a financial qualification prior to viewing.

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

Lease details

Tenure: Leasehold

Lease type: Shared Ownership House 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.

Please note; The Local Authority, Chesterfield Borough Council have yet to value and band this property