Magpie Way, Newbold, Chesterfield

Occupying a desirable cul-de-sac position, this well-appointed semi-detached home on Magpie Way offers a fantastic blend of modern style and comfortable living, making it an ideal choice for first-time buyers, small families, or those looking to downsize. Available on a 50% shared ownership basis, this property allows buyers to purchase a share while paying rent on the remaining portion retained by South Yorkshire Housing Association, providing a practical route to homeownership.

Thoughtfully designed and spanning 718 sq. ft., the home features a welcoming entrance hall leading to a convenient cloakroom/WC. The spacious open-plan kitchen and living area boasts contemporary fittings, integrated appliances, and French doors that open onto the rear garden, flooding the space with natural light. The kitchen is well-equipped with stylish units, under-unit lighting, a stainless steel sink, a built-in fridge/freezer, an electric oven, and a four-ring gas hob with a concealed extractor. Space and plumbing are available for a dishwasher, while a handy under-stair storage area offers room for a washing machine and tumble dryer.

Upstairs, two well-proportioned double bedrooms provide ample space, with one spanning the width of the property and overlooking the rear garden, and the other offering front-facing views along with a built-in airing cupboard housing the gas combi boiler. A thoughtfully designed bathroom completes the first floor, featuring a white three-piece suite with a panelled bath, bath/shower mixer tap, pedestal washbasin, and a low-flush WC.

Externally, the property enjoys a private enclosed rear garden with a paved seating area, decorative gravel bed, lawn, and a patio—perfect for outdoor relaxation. A gravelled hardstanding area offers space for a garden shed, while tandem off-street parking for two cars is conveniently provided via the shared driveway.

Situated in a popular and convenient location, the property is well placed for accessing local amenities, schools, parks, and transport links into Chesterfield town centre.

Shared Ownership DetailsThis property operates under a shared ownership scheme, allowing you to purchase a 50% share while paying rent on the remaining portion retained by South Yorkshire Housing Association.The full market value of the property is estimated at £210,000, with a monthly rent of approximately £228.10 on the retained share. Additional management and buildings insurance fees are expected to be £48.44 per month. These costs will be in addition to any mortgage repayments on the purchased share.After 12 months of residency, buyers may have the option to purchase additional shares through a process known as 'staircasing,' potentially leading to full ownership over time.Other share purchase options may be available, subject to consent from South Yorkshire Housing Association.

Qualifying Criteria - South Yorkshire Housing Association may need to agree on a sale on this property, and may have qualifying criteria. This can be discussed with you if you are considering making an offer. Such criteria will usually not allow a person to buy a shared equity home as a second property for example.