Clinton Gardens - Shared Ownership

Price Representative of 30% Share

This modern 2-bedroom semi boasts ample parking with 2 allocated, off street parking spaces. Buyers can enjoy a large family home and private rear garden which is completely ready to move into. The ground floor benefits from spacious hallway with WC and separate storage, as well as a spacious lounge and contemporary open-plan kitchen/dining area. The kitchen boasts modern fixtures and fittings as well as an integrated hob, oven and extractor. Upstairs, both bedrooms are a good size with a handy storage cupboard to bedroom 1 and there is a modern family bathroom with shower over bath.

The property is in excellent condition having been rented under the rent-to-buy scheme for the last two years and comes fully supplied with floor coverings throughout.

About Shared Ownership

With shared ownership, you’ll purchase a share of your home which will be subject to your individual affordability. You’ll then pay rent on the remaining share owned by Longhurst Group – the housing association. This means you’ll have lower monthly payments than you would with a traditional mortgage, making it a great option for first-time buyers or those needing to downsize.

But that’s not all! As you build equity in your home, you can increase your ownership over time, eventually owning 100% of the property.

All properties on this development that are for sale with The New Homes Agent are available to purchase on a shared ownership basis only, with shares between 30% and 75% being made available.

Example Share Breakdowns

Please find examples of share amounts available provided:
45% share – Purchase price £67,500 – Rental Amount Payable £233.78 per month
60% share – Purchase price £90,000 – Rental Amount Payable £182.22 per month
75% share – Purchase price £112,500 – Rental Amount Payable £130.66 per month

Full Property Value: £150,000

Total rent includes rent, building insurance, third party management charge and management charge.

Shared Ownership Criteria

In order to submit an application for a shared ownership home, you’d need to consider the following criteria.

Do you have a local connection to Tuxford and the surrounding area?
Do you currently own another property that isn’t being sold?
Is your total combined household income within £80,000 per annum?

For further details on whether you would be eligible for one of these homes, please contact The New Homes Agent.