Kiln Drive, Sutton Bonington, Loughborough

Shared Ownership

This brand new home is available to buy from as little as £63,750 with a 25% share!

Lime Gardens is a brand new collection of stunning shared ownership 2 & 3 bedroom mews, semi detached homes and bungalows, located in the much sought after semi-rural location of Sutton Bonington, Nottinghamshire.

Sutton Bonington has easy access to picturesque landscapes along the River Soar and is also only a 30-minute drive from both Nottingham and Leicester. You can enjoy city life any time you want; browse extensive high street shops, dine in one of Nottingham or Leicester’s celebrated restaurants and try out each city’s dynamic night life.

Or, you can delve into their rich heritage and historic buildings; visit Nottingham Castle, Newstead Abbey; home of Lord Byron or, roam Leicestershire’s rolling hills and charming villages. You’ll be spoilt for choice with days out living at Lime Gardens. The beautiful Sherwood Forest nature reserve is only 15 miles away – discover the legend of Robin Hood and visit one of Europe’s most famous and oldest Oak trees, the Major Oak. You and your family can immerse yourself in nature with 360° views of the countryside, whilst enjoying everything Sutton Bonington has to offer just minutes from your front door.

With the bustling market town of Loughborough just 6 miles from the development, and Nottingham’s and Leicester’s vibrant city centres both less than 20 miles, it’s ideal for those who want all the convenience of modern living, close to home.

There are good local transport links, including bus stops and Loughborough train station on The East Midlands Railway line, with direct trains to Nottingham, Leicester, London and throughout the UK. The journey time by train from Nottingham to either London St. Pancras, or Manchester Piccadilly is less than two hours. In addition, there are several bus routes with regular services to Nottingham via the local towns and villages. The A60, A6 and M1 are all in close proximity to the development giving easy access to Nottingham, the North and South, making it an ideal location for commuters. The nearest airport is East Midlands which is just a 13 minute drive away. From here you can get flights to a selection of domestic and global destinations.

This stunning 2 bedroom eco-friendly mews home is constructed to the highest specifications and provide quality, contemporary living. Each one of these stylish homes has a private garden and off-road parking to the front. These beautifully appointed houses boast a modern fitted kitchen to the rear and a spacious lounge to the front. Each property has a contemporary 3 piece bathroom, 2 large double bedrooms and extra storage.

All this is complemented by gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.

PRICING & AFFORDABILITY

Full Market Value: £255,000

25% Share Price: £63,750 (rent £438.28pcm)
50% Share Price: £127,500 (rent £292.19pcm)
75% Share Price: £191,250 (rent £146.09pcm)

Minimum 5% Mortgage Deposit (25% share): £3,188
Approximate Service Charges: £44.90 pcm*
Shared Ownership Lease: 999 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Lime Gardens you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership scheme you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.