Newhill Lane

NEWHILL LANE, SHEFFIELD, S12 4TG

Newhill Lane

3

1

Available Now

  • *£37,500 for a 25% share under the shared ownership scheme*
  • Only £1,875 for a 5% deposit!
  • Viewing is highly recommended
  • Excellent starter home
  • Private rear garden and driveway
  • Easy access to Sheffield city centre and M1 motorway
  • You can purchase more shares up to 100% when the time is right for you

Specification

***Please quote NEW118 when enquiring***

 

- What the owner says -

“Generous sized rooms and large hallway. Partially open plan ground floor. Kitchen pantry and large under stairs storage. Number of local shops and amenities and key bus routes to the city centre. Several schools in the area and parks and green spaces. On a quiet road.”

 

- Full description –

Tired of renting with nothing to show for it? This 3-bed home is the perfect answer to step on the property ladder and it’s just £1,875 for a 5% deposit! With Sheffield a stone’s throw away, you’ll have an abundance of convenience right on your doorstep. Neutrally decorated and ready to add your own touch, just add you for a new place to call home!

 

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is within reach - just £1,875 for a 25% share!

 

- Three-bed end-terrace house

- Entrance hallway with downstairs WC.

- Living room has a window to the front aspect and understairs storage.

- Kitchen with electric cooker and gas hob.

- Master bedroom and second bedroom benefit from floor length windows.

- Third bedroom has panormic views of the Shirebrook Valley.

- Bathroom with overbath shower.

- Gas central heating.

- Private rear garden mainly laid to lawn with patio areas for seating.

- Driveway for parking.

- Solar panels provide water heating.

 

- Costs –

PRICE - £37,500*

RENT - £290.77pm

SERVICE CHARGE - £25.71pm**

*This represents a 25% share of the full open market value of £150,000

**This includes: management charge, service charge and building insurance. Rent and service charges are reviewed annually.

 

- General Information -

Tenure: Leasehold

Lease: 149 years from 19 March 2010

Years remaining on lease: 137 approx.

Approximate internal area: 96 sq. m.

Local authority: Sheffield City Council

Council tax band: B

EPC rating: C (79)

 

- Terms, conditions and requirements -

 

Minimum household income requirement: £16,659pa^

 

Deposit: If you will be obtaining a mortgage you will need at least £1,875 in savings (i.e. a 5% deposit).

 

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

 

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.  

 

We will not carry out any credit checks or contact any reference agencies without your written consent.

 

Help to Buy Agent: In order to apply you must be registered with Help to Buy North https://www.helptobuyagent1.org.uk/apply/. You will need to provide your HTB reference when completing the application process.

 

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


- Viewings -

 

Viewings are held strictly by appointment - call today for more information.

 

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

25% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£150,000.00 £37,500.00 £257.81