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Spencer Clarke Road, Scraptoft, LE7

PROPERTY TYPE

Semi-Detached

BEDROOMS

3

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Description

Situated within the highly sought-after village of Scraptoft, this well-presented three-bedroom semi-detached home is offered for sale on a 50% shared ownership basis, presenting an excellent opportunity for first-time buyers and those looking to step onto the property ladder in a desirable location.

The accommodation is well designed for modern living, beginning with an inviting entrance hall leading through to a comfortable living room. To the rear of the property is a spacious kitchen/dining room, providing plenty of room for everyday family life as well as entertaining, with direct access to the garden. A convenient downstairs WC completes the ground floor.

Upstairs, there are three well-proportioned bedrooms served by a family bathroom, making the property equally suited to couples, young families or those working from home.

Outside, the rear garden has been fully patioed to create an attractive, low-maintenance outdoor space that can be enjoyed throughout the year. A substantial garden shed is available by separate negotiation. To the front, the property benefits from a tandem driveway providing off-road parking for two vehicles.

Located on Spencer Clark Road, the property enjoys easy access to local amenities, well-regarded schools, beautiful countryside walks and excellent transport links into Leicester and the surrounding villages.

Available to purchase on a 50% shared ownership basis, this home offers an affordable route into home ownership, with the opportunity to purchase additional shares in the future, up to 100%, subject to Midland Heart's shared ownership scheme and eligibility criteria.

Finer Details
  • Three-bedroom semi-detached home

  • 50% shared ownership

  • Leasehold

  • Shared ownership provider: Midland Heart

  • Living room

  • Kitchen/dining room

  • Downstairs WC

  • Family bathroom

  • Fully patioed, low-maintenance rear garden

  • Large garden shed available by separate negotiation

  • Tandem driveway providing off-road parking for two vehicles

Shared Ownership Information

The total monthly payment is £344.57, which includes:

  • Rent payable on the remaining 50% share

  • Management charge

  • Buildings insurance

  • Service charge

  • Administration fee

Please note that the service charge is reviewed annually.

The purchaser must be approved by Midland Heart before the sale can proceed. Approval is based on affordability and applicants must satisfy the shared ownership eligibility criteria.

To be eligible, purchasers must:

  • Purchase the property as their main residence (not as an investment or second home).

  • Meet Midland Heart's affordability requirements.

  • Have a minimum 5% deposit if buying with a mortgage.

Priority will be given to first-time buyers, Housing Association tenants and Council tenants, although applicants who have already agreed the sale of their own property (subject to contract) will also be considered.

There is also the opportunity to purchase additional shares in the property in the future, up to 100%, subject to Midland Heart's criteria at the time.

Parking - Driveway

Disclaimer

In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check. An administration fee of £40 per property will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Spencer Clarke Road, Scraptoft, LE7

Approximate location

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Affordability

Monthly repayments£677
Property: £ 135,000
Deposit: £ 13,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Hortons, National

11 Brook Park Offices, Gaddesby Lane, Rearsby, LE7 4ZB

We believe highly skilled estate agents can be a valuable asset when selling your home. We've created an agency that is dedicated to developing techniques to achieve better prices - an agency on a mission to become the very best marketers, negotiators and sales people. Choosing Horton isn't just another way to buy or sell a property, it's a decision to work with the most passionate and talented professionals who have one aim: To deliver exceptional results.

If you are thinking of selling your home, contact us today to arrange a valuation and marketing consultation at our expense.

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Disclaimer - Property reference cd318582-f435-4388-8ea9-723f288c76ba. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hortons, National. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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