River Otter Holt, Sutton-in-Ashfield, Nottinghamshire

Shared Ownership

This brand new home is available to buy from as little as £56,250 with a 25% share!

These stunning energy efficient homes are constructed to the highest specifications and provide quality, contemporary living. Each one of these properties has a landscaped garden and off-road parking. With families at their heart, these impressive homes boast a spacious lounge, a modern open plan fitted kitchen and dining room, and a separate lobby to the garden. In addition, each property benefits from a downstairs w/c.

The first floor in each home has a contemporary three piece bathroom suite and three well proportioned bedrooms, a double, a twin and a single. All this is complemented by gas central heating, smoke detectors, stylish uPVC doors & windows and neutral decor throughout.

The Hawthorns close proximity to Nottingham, and with the bustling town of Mansfield less than 5 miles away, means you can dip into town/city life any time you want. Browse the extensive high street shops, dine in one of Nottinghamshire’s celebrated restaurants, or try out it’s vibrant night life.

If you are interested in the areas rich heritage and historic buildings; visit Nottingham Castle, Newstead Abbey, home of Lord Byron or, discover the home of Robin Hood! Sherwood Forest is less than 15 miles from the development with its 450 acres of famous landscapes. Even closer to home is Silverhill Woods – a woodland walk that was formally ‘Silverhill Colliery’ with incredible views from the highest point in Nottinghamshire. Here, there is also a monument for all the miners that served in the area.

Whether you like to shop, walk, hike, cycle or drive, there are plenty of beautiful places to discover in and around Sutton-in-Ashfield.

PRICING & AFFORDABILITY

Full Market Value: £225,000

25% Share Price: £56,250 (rent £386.72pcm)
50% Share Price: £112,500 (rent £257.81pcm)
75% Share Price: £168,750 (rent £128.91pcm)

Minimum 5% Mortgage Deposit (25% share): £2,813
Approximate Service Charges: £24.83 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 The Hawthorns you can buy a minimum 10% 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 shared ownership 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.