Semi-detached house for sale in Queen Elizabeth Avenue, Grantham NG31

The Chestnut - 2 bedroom semi detached house

Plot 77,62 Queen Eleanor Avenue, Grantham NG31 8PT

full market value £215,000. The property is being offered for sale via the Shared Ownership Scheme.

Incentives available - Fitted carpets to living areas, plus £500.00 towards legal fees when using the providers preferred solicitor.

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 £86,000 and the rent will be £295.63 per month.

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

Share Share Purchase Price Monthly rent

share: 25% / share purchase price: £53,750.00 / monthly rent: £369.53

share: 30% / share purchase price: £64,500.00 / monthly rent: £344.90

share: 40% / share purchase price: £86,000.00 / monthly rent: £295.63

share: 50% / share purchase price: £107,500.00 / monthly rent: £246.35

share: 60% / share purchase price: £129,000.00 / monthly rent: £197.08

share: 70% / share purchase price: £150,500.00 / monthly rent: £147.81

share: 75% / share purchase price: £161,250.00 / monthly rent: £123.18

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 £12.73

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 payments.

Ground floor

Entrance Hall
providing access to the kitchen diner, downstairs WC and living room. With stairs to first floor and under-stair store

Kitchen Diner
4.697m x 2.835m (15' 5" x 9' 4") fitted with a range of wall and base units, integrated stainless steel oven, hob, cooker hood

Living Room
4.700m x 3.091m (15' 5" x 10' 2")

Downstairs WC
Low level WC, wash hand basin and heated towel rail

First floor

Bedroom 1
4.700m x 2.123m (15' 5" x 7' 0")

Bedroom 2
4.700m x 2.835m (15' 5" x 9' 4")

Bathroom
fitted with low level WC, wash hand basin, bath with shower over with glass shower screen and heated chrome towel rail.

External
The Plot benefits from 2 parking spaces to the front of the property.
Turfed garden

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

Our client has confirmed the property is timber framed construction, service by mains gas, electric and water. Broadband services - new build, connection ready for suppliers.

No known flooding in past 5 years, extract from summary report with regards the the whole site location, provided by our client.
"This report has considered the flood risk posed to the proposed site from a variety of sources, as defined by the National Planning Policy Framework (nppf) and the local Strategic Flood Risk Assessment (sfra). The development lies outside of any fluvial flood risk areas, holding a Flood Zone 1 (low risk) classification’, ‘the assessment has also found the site to be at low risk of flooding from tidal and artificial sources.
The Environment Agency surface water floodplain map indicates that the site is predominantly at very low risk of surface water flooding. However there are portions of the site at low risk of surface water flooding, particularly in the southeast, where there are also small areas at medium/high risk. There is also an area at medium/high risk of surface water flooding associated with the watercourse. However there is a 5m easement either side of this fluvial feature to mitigate the risk. Furthermore, the site will include new roads and driveways laid to falls, in line with best practice guidance to direct rainfall to the nearest highway channel and gully and away from the new residential buildings"

Further information on the plots and the shared ownership scheme can be found under the key information documents, found under the brochure tab

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, South Kesteven Council are yet to value the property