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GUIDE PRICE: £130,000 TO £140,000. This property is offered for sale on a 75% shared ownership basis, and is a two bedroom, modern townhouse completed in 2019 by Larkfleet Homes and situated in a very popular village location. In addition to the two double bedrooms, the property has a nicely proportioned lounge, a breakfast kitchen, ground floor cloakroom and first floor bathroom. Outside there are two allocated parking spaces and an enclosed rear garden. The property is double glazed and the heating system is augmented by solar panels
Collingham is a vibrant village situated approximately 6 miles from the historic market town of Newark on Trent, with a vast range of amenities. There is an excellent primary school, medical centre, dentist, library and a good range of local shops. There are public houses in the village that provide good food, and a variety of social clubs and organisations. Conveniently situated for access to the A46 for commuting to Lincoln, the A1 and Newark, the latter having a direct rail link to London Kings Cross (approximately 80 minutes). Collingham also has its own railway station with frequent trains to Lincoln, Newark and Nottingham.
Upon entering the front door, this leads into:
This nicely proportioned reception room has a window to the front elevation and the staircase rising to the first floor, beneath which is sited a large and useful storage cupboard. The lounge has a ceiling light point and a radiator. From the lounge a door leads through to the utility area.
The utility area is open plan through to the breakfast kitchen and is fitted with a work surface which has space and plumbing for a washing machine beneath. There is also a ceiling light point, and a door into the ground floor cloakroom.
The cloakroom is fitted with a white suite comprising WC and wash hand basin. In addition there is a ceiling light point, an extractor fan and a radiator.
The breakfast kitchen has large French doors leading out to the patio and rear garden beyond, making the room particularly bright and airy. The kitchen area itself is fitted with a good range of base and wall units, with complementing roll top work surfaces and splash backs. There is a one and a half bowl stainless steel sink, integrated oven with gas hob and extractor hood above, space and plumbing for a dishwasher/tumble dryer, and further space for a vertical fridge/freezer. The breakfast kitchen is of sufficient size to accommodate a small dining table, and also has two ceiling light points and a radiator.
The staircase rises from the lounge to the first floor landing which provides access to both double bedrooms and the bathroom. The landing has a ceiling light point and provides access to the loft space.
An excellent sized double bedroom with a window to the rear elevation overlooking the garden. This bedroom has a ceiling light point and a radiator.
A further great sized double bedroom with a window to the front elevation. This room has two large and useful fitted storage cupboards, one of which houses the central heating boiler. There is a ceiling light point and a radiator installed.
The bathroom is fitted with a white suite comprising bath with shower mixer tap attachment, pedestal wash hand basin and WC. The bathroom is complemented with part ceramic wall tiling. In addition there is shaver's socket, a ceiling light point, an extractor fan and a heated towel rail.
To the front of the property are two allocated parking spaces directly adjacent to the front door. A footpath leads around the side of the property where there is gated access to the rear garden. The rear garden is fully enclosed and laid to lawn. There is a patio area adjacent to the French doors from the breakfast kitchen and this provides an ideal outdoor seating and entertaining space. Located to the foot of the garden is a timber garden shed which is included within the sale.
This property is currently 75% owned by the vendor and 25% owned by NCHA. It can be purchased on a 75% shared ownership basis for a Guide Price of: £130,000 to £140,000 with the NCHA retaining the remaining 25%. Or it can be purchased 100% ownership at a Guide Price of: £170,000 to £180,000.
The tenure of the property at 100% ownership is freehold. Should a client purchase the property on a 75% shared ownership basis the tenure is leasehold on a 125 year lease from 2019. We are informed by the vendor that there is a current rent payable to the NCHA of approximately £80.00 per month. All of the above information has been provided by the vendor and has not been verified by the agent. For further information on Shared Ownership, or to see if you are eligible to purchase this property, please contact the Nottingham Community Housing Association on 0115 844 3406 or visit their website.
Shared ownership is another way to buy your home. You buy a percentage, and pay rent on the rest. NCHA owns part of it — but you’re living there, you decorate it, and you decide when to sell. Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own 100% of your home in the future.
The property is in Band A.