Available now

A two-bedroom semi-detached house for sale with the help of shared ownership.

We're building 43 affordable homes in the beautiful village of Long Bennington located off the A1 inbetween Grantham and Newark.

The development will offer a selection of homes to support the housing need of the area. 15 homes will be sold for shared ownership and the remaining 28 will be let at an affordable rent. 

Description

50% shared ownership of a two-bedroom semi-detached house for £112,500. Monthly rent on remaining share is £257.81. In addition, there will be a monthly service charge of £49.95.

Specification

Kitchen

• Fitted modern kitchen
• Integrated oven and hob
• Stainless steel extractor hood
• Vinyl flooring

Bathroom

• White bath suite with chrome fittings
• Tiling to ceiling around the bath
• Shower over bath
• Glass shower screen
• Vinyl flooring

Heating

• Gas fired central heating
• Thermostatic radiator valves
• Double glazed windows

General

• Enclosed rear garden
• Off-street allocated parking 

Decoration

White emulsion walls and ceilings
White gloss painted woodwork

Council tax banding - B

Predicated energy rating - B

The Predicted Energy Assessment (PEA) is an assessment of the energy efficiency of a building that is yet to be built. Once the building is complete, it will be replaced by the Energy Performance Certificate (EPC). Please note that the rating may change once the final EPC has been issued. This is due to recent changes in the way the PEAs/EPCs are calculated.

What is shared ownership?

Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it - but you're living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It's a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

The properties are sold on a 990 year shared ownership lease.

Who qualifies?

Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.

How to apply

You will need to provide a completed application form, financial assessment, Mortgage in Principal and proof of funds for your application to be complete and accepted. Please email completed application forms to nchasales@ncha.org.uk

A member of the Sales team will contact you directly once your application has been reviewed.

Your affordability will be assessed based on the information you provide on the application form. NCHA will make an offer based on the amount you can afford, between 10 - 75%. If your application is successful a non-refundable reservation fee of £350 is required to reserve your new home, this amount goes towards your deposit on completion.

Local information

Long Bennington is a charming village in Lincolnshire, situated between Newark-on-Trent and Grantham, offering a peaceful rural lifestyle with excellent transport links. The village provides a range of local amenities including a convenience store, post office, popular pubs, and a primary school, making it ideal for families. It has a strong community atmosphere, with regular events and activities.

For commuters, the A1 offers easy access to nearby towns and cities, and Newark Northgate railway station provides direct trains to London. Surrounded by countryside, Long Bennington offers a perfect blend of village living with modern convenience.

Disclaimer

Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. Images are displaying typical standard rooms of existing shared ownership properties.

These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.