Summary - 4 Stephenson Close, Colsterworth NG33 5GP
2 bed 1 bath Ground Maisonette
Affordable 25% share two-bed home with garden and parking in quiet cul-de-sac.
25% shared ownership sale with staircasing option available later
This ground-floor maisonette offers an affordable entry into homeownership with a 25% shared ownership share of a modern two-bedroom home. Light-filled rooms, a large kitchen-diner and a generous lounge make daily living comfortable, while an enclosed rear garden and allocated parking add practical outside space and convenience. The property sits in a quiet cul-de-sac on the David Wilson estate, close to local shops, a good primary school and regular transport links to Grantham and Stamford.
Key ownership facts are clear: the home is leasehold and sold as a 25% share with the option to staircase later to buy a larger share. The building dates from 2007 onwards, has double glazing, mains gas central heating (boiler and radiators) and an EPC rating of C. Broadband speeds are fast and there is no flooding risk for the site.
Important considerations: this is a shared ownership purchase so monthly costs and resale are subject to the scheme’s terms, and buyers should confirm eligibility and staircasing costs before committing. The local area records above-average crime statistics compared with national averages — prospective buyers should factor local safety and security measures into their decision. The home is average sized at around 674 sq ft and sits on a small-town fringe with ageing rural demographics, which may affect future resale demand.
For a first-time buyer seeking low entry cost and sensible living space near good local amenities and transport, this maisonette presents genuine value. It suits buyers wanting an easy ground-floor layout with outdoor space and the flexibility to increase ownership later; just ensure you review the leasehold/shared ownership paperwork and local community considerations beforehand.
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