Affordable 40% share in Edwalton — family-friendly, parking, garden, near top schools.
40% shared ownership available for £124,800
Three bedrooms, one with en-suite; family bathroom present
Private rear garden and parking for two cars off-street
EPC rating B; mains gas boiler and radiators
Leasehold with 117 years remaining; check mortgage suitability
Annual rent increase applied each April on shared ownership rent
Service charge approx £1,132.20 annually; monthly £94.35
Located near top-rated schools, A52 access and good amenities
This bright, modern three-bedroom end-of-terrace in Edwalton is offered via Shared Ownership (40% share). The home suits a growing family looking for an affordable entry into a popular, well-connected area: it has a living room, separate fitted kitchen with dining space, a ground-floor WC, three bedrooms (one with en-suite) and a private rear garden. There is off-street parking for two cars and an EPC rating of B.
Costs and tenure are central to the offer. The marketing price is £312,000 with a 40% share available for £124,800. Monthly outgoings shown are rent £408.01, service charge £94.35 (annual average £1,132.20) and total monthly charge £502.36, plus the mortgage for the 40% share. An annual rent increase is applied every April. The property is leasehold with 117 years remaining — get specialist advice about mortgage availability and long-term resale implications.
Location is a strong practical selling point: Edwalton/West Bridgford fringe, access to the A52 and M1, excellent local schools (several rated Good or Outstanding), very low crime, fast broadband and excellent mobile signal. The development is in an affluent area with nearby amenities, parks and bus routes.
Important drawbacks: shared ownership rules and allocation priorities may limit resale flexibility; the leasehold status and service charge are ongoing costs; annual rent increases will raise running costs. Buyers should confirm eligibility, read the landlord/provider allocation policy, and seek legal and financial advice on the lease and mortgage options.
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