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2 bedroom apartment for sale

Ainsdale Close, Newark

Sold STC £72,500

Property Description

Key features

  • Ground Floor 70% Shared Ownership Property
  • No Rent to pay on the remaining 30%
  • Ideally suit First Time Buyer
  • Spacious Living Room
  • Fitted Kitchen
  • Two Bedrooms
  • Modern Bathroom
  • Allocated Parking

Full description

Situated within the popular Fernwood village, with excellent access to the A1 and just a short drive from the market town of Newark on Trent, this ground floor 70% shared ownership property with NO RENT TO PAY ON THE FURTHER 30%, would ideally suit a first time buyer. The well presented accommodation briefly comprises an entrance hallway, spacious living room, a fitted kitchen, two bedrooms and a modern bathroom. In addition there is upvc double glazing, gas central heating, allocated parking. Early viewing is essential.

Agent's Note 
All information regarding the shared ownership has been provided by the vendor and taken from the Nottingham Community Housing Association (NCHA) brochure. Clients should satisfy themselves on the information provided.

Legal Fees 
If a prospective purchaser goes on to sell this property, there is a lease fee of 1% towards the sinking fund payable.

What is Shared Ownership? 
Shared ownership is a part-buy, scheme designed to help people who cannot afford to buy a home on the open market. The scheme offers you the opportunity to buy a property in stages from Nottingham Community Housing Association (NCHA). Gradually it is possible to purchase further shares as they become affordable, and progress to full ownership. There is no obligation to increase your share. You can sell your share on at any time.

How does Shared Ownership Work? 
* You purchase the share of the property with a mortgage or cash sum; * You pay a service charge to Nottingham Community Housing Association; * You can increase the share you own at any time after the initial purchase; * There is no obligation to increase your share. You can sell your share at any time.;

Am I Eligible to Purchase this Property? 
To be able to purchase this shared ownership property, you must be either: A first time buyer; You must not own a property at the moment but you can have owned a property in the past; You must have a household income of less than £80,000 per annum; Previous homeowner who needs help to buy; If you are in the process of selling your property, you must have Exchanged Contracts before you can apply. There are various application stages to purchasing this property, the initial stage that must be passed based upon your criteria is via Help to Buy Midlands at For further information on Shared Ownership please contact the Nottingham Community Housing Association on 0845 6501204 or visit their website. You can also email them at:

Council Tax 
The property is in Band A.

To the front there is a paved pathway which leads to the front door of the property, with storm canopy over the front door. There is recessed gas and electric meter housing and wall mounted water meter. The pathway divides two lawned garden areas and is enclosed with hedgerows. To the rear of the property there is a paved walkway that leads out to the tarmac car park, with drop kerb vehicular access. The property has an allocated off street parking space, and a visitor/communal parking space. There is also a brick enclosed bin storage area.

LEASE/Agent's Note 
The tenure of the property is leasehold on a 126 year lease from 2004 (this information has been provided by the vendor). We are informed by the vendor that there is a current service charge of approximately £34 per month payable to the NCHA. This covers the Management Company charge, Management Charge, Gardening, TV Aerial, Buildings Insurance and Accountancy Fee.

Bedroom One 
10' 3'' x 10' 3'' (3.12m x 3.12m)
Bedroom one has a upvc double glazed window to the rear aspect, a single panelled radiator, carpeted flooring, textured ceiling, a ceiling light fitting and a television point.

Bedroom Two 
9' 3'' x 7' 0'' (2.82m x 2.13m)
This bedroom has a upvc double glazed window to the front aspect, carpet tiled flooring, textured ceiling and a ceiling light fitting. There is also a double panelled radiator.

8' 2'' x 6' 7'' (2.49m x 2.01m) (maximum measurements)
The bathroom is fitted with a suite comprising panelled bath with mixer tap and integrated shower attachment, fully ceramic tiled walling around the bath and shower area, a pedestal wash hand basin with ceramic tiled splash back and a low level WC with push button flush. The bathroom also has a shaver point, a single panelled radiator, carpet tile flooring, textured ceiling, a ceiling light fitting and an extractor fan.

11' 6'' x 5' 8'' (3.50m x 1.73m)
The kitchen is fitted with a range of wall and base units with rolled edge work surfaces over the low level units, and ceramic tiled splash backs. There is a stainless steel sink and draining board with modern chrome mixer tap inset to the work surface, and a upvc double glazed window to the front aspect over the sink area. There is provision for a washing machine, a free standing gas oven and hob and a low level refrigerator. There is a single panelled radiator, vinyl floor covering, textured ceiling, ceiling light fitting and an extractor fan, The kitchen also has a wall mounted gas combination boiler which is concealed in a matching wall unit.

Inner Hallway 
The inner hallway has continuation of the carpet tiled flooring. In addition there is a textured ceiling, a ceiling light fitting, wall mounted heating control thermostat, a door into a generous storage cupboard and further doors leading off into the two bedrooms and the bathroom.

Fernwood is located on the edge of Balderton with local amenities including a village hall, shop, gym, hairdressers, nursery and infant school. Further amenities can be found in Balderton including a post office, pharmacy, supermarkets, leisure centre, a new purpose built Health Centre, well respected primary and secondary schools and regular bus services to Newark town centre. Newark has excellent shopping facilities including major retail chains and supermarkets including Waitrose. Newark has two railway stations, one providing a commuter service to Nottingham and Lincoln, the other providing a direct service to London Kings Cross which takes from around 80 minutes. The A1 trunk road runs south of Balderton and provides excellent road communications to the north and south of the country.

A composite part double glazed front door leads into the entrance hallway.

Entrance Hallway 
11' 7'' x 3' 0'' (3.53m x 0.91m)
The entrance hallway has a single panelled radiator, carpet tile flooring, textured ceiling and a ceiling light fitting, wired smoke detector and a wall mounted RCD electrical consumer unit. The hallway also has a telephone point which offers Broadband connectivity, subject to subscription. From the hallway there are doors leading into the kitchen and living room.

Living Room 
15' 4'' x 10' 0'' (4.67m x 3.05m)
The living room has upvc double glazed French doors opening out to the communal car park, double panelled radiator, carpeted floor covering, textured ceiling and a ceiling light fitting, television point, and a telephone point.

More information from this agent

Listing History

Added on Rightmove:
30 June 2016

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