6, Marmalade Lane, Chesterfield, S43 3WR

Bell & Co Estates are thrilled to present 25% shared ownership home for £59,375. Monthly rent on remaining share is £408.20.

25% to 100% shared ownership available, this is a fantastic opportunity for first-time buyers to step onto the property ladder.

Bell & Co Estates are thrilled to present 25% shared ownership home for £59,375. Monthly rent on remaining share is £408.20.

25% to 100% shared ownership available, this is a fantastic opportunity for first-time buyers to step onto the property ladder.

Situated in a popular residential location of Staveley, this well-presented three-bedroom end-terrace home offers deceptively spacious accommodation across two floors, making it an excellent choice for first-time buyers, young families or investors.

The ground floor briefly comprises an entrance hall with a convenient downstairs WC, a modern fitted kitchen with ample worktop and cupboard space and a generous open-plan lounge/dining room extending over 16ft, providing an ideal space for both relaxing and entertaining.

French doors open onto the rear garden, allowing plenty of natural light to flood the living space.

To the first floor, the property offers three bedrooms, including a spacious principal bedroom, a comfortable second double bedroom and a versatile third bedroom which would also make an ideal nursery, home office or dressing room.

Completing this floor is a modern family bathroom and useful built-in storage from the landing cupboard.

Externally, the property benefits from an enclosed rear garden, perfect for outdoor dining and family enjoyment. Along with Off road parking and an EV charger.

This fantastic home combines practical living space with an excellent layout and is conveniently located for local amenities, schools and transport links. Early viewing is highly recommended.

Contact Bell & Co Estates now to arrange your viewing! Shared ownership information What is shared ownership?

Shared Ownership, also known as Low Cost Home Ownership (lcho), is an affordable way to step on the property ladder.

Typically the offer share will be between 10-75% (depending on which model you are purchasing under) of the property depending on how much you can afford.

The bigger the share you buy, the less rent you have to pay.

You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient money to enable you to purchase without a mortgage.

Any deposit you pay will be smaller than if buying outright as you will be purchasing a share of your home.

The Housing Association who will own the remainder of the property will charge a rent which is reviewed annually.

In addition to the rent, a service charge will be applicable to each property to cover things such as building insurance and estate management charges.

All shared ownership properties are leasehold by default, which means you have an agreement with the landlord to own the property for a certain number of years.

When the lease comes to an end, ownership of the property returns to the landlord.

Eligibility In order to qualify for a shared ownership property, you must have a household income of under £80,000 per year and one of the following must apply: • you are a first time buyer, or • you used to own a home but cannot afford to buy now, or • you are currently a shared owner The following is also required for shared ownership: • You must be able to access a mortgage and or savings for the share • The property must be the occupiers sole dwelling, and at the time of completing a purchase of a shared ownership home the buyers must not own any other property or part of a property.

• Where a specific development schemes required you must have local connection • Applicants must complete an application form and financial assessment, undertaken by an Independent Financial Advisor • You should be a British or EU/eea citizen, or have indefinite leave to remain.

Want to buy more shares in your home? After you've lived in your property for a certain amount of time, you can buy further shares in your property (the terms of this will be set out in your lease).

For example, if you start out with a 25% share of your property, you can buy another 25%, which would mean you own 50%. This is called staircasing.

You may be able to staircase up to 100% of your property, in which case you would own the property outright and no longer need to pay rent to Arches. Your lease will set out rules about stair casing.

Similarly, if you buy full shares in your property, you may become freehold, but this varies from property to property.

Please check your lease for more information on your staircasing and freehold options for your home.

For homes under the new model you have the option to buy a 1% share each year for the first 15 years.

The price of the 1% share is based on the original full market value adjusted up or down each year in line with the House Price Index (hpi).

The hpi is a national statistic that shows changes in the value of residential properties.

Arches will give you an up-to-date hpi valuation at least once a year and again when you request to buy a 1% share.

If either party would prefer an RICS valuation instead of hpi one can be ordered, the party who chooses to instruct a RICS surveyor pays for the cost of the valuation.

You cannot roll over unused options to buy 1% shares to future years. The offer is limited to a maximum of 1% each year. What if I want to sell?

If you wish to sell your shared ownership property, you will need to approach us in writing to advise us that you want to sell. What am I responsible for?

As a shared owner, your responsibilities will be laid out in your lease.

For example the lease will reference: • paying your rent • paying your service charge (this covers things like grounds maintenance and communal cleaning) • having your gas appliances regularly serviced • carrying out any repairs and maintenance the property needs, both inside and outside (please check lease as under new model some repairs may be covered) bell & co estates opening hours - Monday to Friday 9:00am - 5:00pm ~ Saturday 9:00am – 12:00pm ~ Sunday closed independent mortgage advice - With so many mortgage options to choose from, how do you know you're getting the best deal?

Quite simply you don't! So why not talk to our expert.

Free valuations - If you need to sell a house then please take advantage of our free valuation service, contact our office for a prompt, personable and efficient service.

Disclaimer - Whilst we endeavour to make our particulars accurate and reliable we make no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact.

The services, systems and appliances listed in this listing have not been tested by us and no guarantee as to their operating ability or efficiency is given.

All photographs and measurements have been taken as a guide only and accuracy is not guaranteed.

Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.

If there is anything which is of particular importance to you, please contact the office and we will be happy to check or confirm the information.

Please inform us if you become aware of any information being inaccurate.

Money laundering regulations - Should a purchaser(s) have an offer accepted on a property marketed by us, they will need to undertake an identification check and asked to provide information on the source and proof of funds.

This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement.