Ash Drive, Bowgreave

Situated on a desirable corner plot, this well-presented three-bedroom home offers an excellent opportunity for buyers looking to step onto the property ladder through a 50% shared ownership scheme.

The property boasts a spacious and welcoming lounge, perfect for relaxing or entertaining, alongside a modern kitchen/diner providing ample space for family meals and social gatherings. A convenient ground floor W/C adds to the practicality of the home. Upstairs, the property features three well-proportioned bedrooms, including a generous master bedroom complete with its own en-suite shower room. A contemporary family bathroom serves the remaining bedrooms. Externally, the home benefits from both front and rear gardens, offering outdoor space for families and gardening enthusiasts alike. The corner plot position enhances privacy and provides a sense of openness, complemented by beautiful surrounding views. A private driveway offers off-road parking.

Eligibility Criteria

To be considered for this 50% shared ownership property, applicants must meet the following requirements:

• Applicants must be aged 18 or over


• Total household income must not exceed £80,000 per annum (£90,000 within London)


• Applicants must satisfy the affordability and sustainability assessments set by Homes England


• All available savings and assets must be used towards the purchase. This may include the sale of investments such as shares, bonds, or land


• Applicants receiving benefits may be eligible, subject to meeting affordability criteria (please note not all benefits are accepted)


• Self-employed applicants must provide a minimum of two years’ proof of income


• Buyers are required to purchase the maximum share they can reasonably afford, as determined by the Homes England calculator


• Applicants must be first-time buyers, or no longer own a property (including overseas), or have a confirmed sale agreed on their current home


• A good credit history is essential. Applicants must not have:
  
  
  
  • Mortgage or rent arrears
  
  
  • Significant outstanding debts
  
  
  • County Court Judgements (CCJs)
  
  
  
  


• A minimum 5% deposit of the share being purchased is required


• Buyers may retain a portion of savings (typically up to £5,000) to cover purchase-related costs, including:
  
  
  
  • Legal fees
  
  
  • Stamp Duty Land Tax (if applicable)
  
  
  • Mortgage and valuation fees
  
  
  • Moving expenses