Summary - 86 NEW STREET EARL SHILTON LEICESTER LE9 7FR
3 bed 1 bath Town House
Affordable entry-level home close to village amenities and good transport links.
- 50% shared ownership, priced at £105,000 for the share
- Three bedrooms; average-sized rooms for family use
- Enclosed rear garden with lawn and large timber shed
- 75 years remaining on a 99-year lease from 2002
- Many lenders may refuse mortgage due to short lease term
- Monthly charge £360.45 covers rent, insurance and management
- Gas central heating, double glazing, fast broadband available
- Low local crime; walking distance to shops, schools, bus links
A modern three-bedroom end town house offered as 50% shared ownership, priced at £105,000 for the share shown. The house is well presented throughout with a fitted kitchen, lounge with a feature fireplace, ground-floor WC and an enclosed rear garden — practical for first-time buyers seeking manageable outdoor space. Heating is gas-fired via a boiler and radiators; double glazing is fitted and broadband speeds are reported as fast.
The location is convenient for everyday needs: within walking distance of the village centre, shops, schools, doctors, bus services and green spaces. Local crime levels are low and nearby schools include several rated Good by Ofsted, making this a sensible choice for buyers prioritising community amenities and connectivity.
Buyers must note material leasehold issues. The property has a 99-year lease from 2002 with 75 years remaining. That remaining term is short enough that many mortgage lenders may refuse to lend, and this could restrict resale options. The property is sold as shared ownership with a monthly charge of £360.45 covering the remaining 50% (rent, buildings insurance, management and estate charge). Service charge and lease considerations should be checked with a solicitor and prospective lenders before committing.
Overall this home offers an affordable entry into homeownership with a good standard of presentation and a convenient location, but its limited lease term and ongoing monthly charge are important constraints for financing and future saleability.
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