Tenure
Knowing the tenure of the property is important because it affects your rights to use the property and the costs of ownership.
Freehold means you’ll own the property and the land it's built on. You'll usually be responsible for the maintenance of the property and have more freedom to alter it.
For flats and maisonettes, the freehold is sometimes shared with other properties in the same building. This is known as a share of freehold.
Leasehold means you'll have the right to live in the home for a set amount of years (specified in the lease). The landlord (the freeholder) owns the land, and if the lease runs out, ownership of the property will go back to them. Lease lengths that are less than 80 years tend to be more complicated and can cause issues with mortgage lenders.
You can extend a lease but this can be expensive. If you'd like to make changes to the property, you'll likely need the landlord’s permission. You're also likely to have to pay an annual amount for ground rent and services charges which can be subject to change. It is good practice to check additional leasehold costs that will apply to the property and factor this into your budget considerations.
Shared ownership is a form of leasehold in which you buy a percentage of the property and pay rent on the share you do not own. You may be able to buy the remaining share at an extra cost. When you wish to sell the property, you may need permission to do so.
Commonhold is a type of freehold ownership for a property that's within a development. A commonhold or residents’ association owns and manages the common parts of the property (like stairs and hallways). You'll need to join the commonhold association and contribute towards maintaining the development. It is good practice to check additional costs that will apply to the property and factor this into your budget considerations.
Council tax band (England, Scotland, Wales)
Council tax is payable on all domestic properties. The amount you pay depends on the tax band. You can check the charges for each tax band online via the following websites:
England and Wales - https://www.gov.uk/council-tax-bands
Scotland - https://www.saa.gov.uk
You may have personal circumstances that mean that you pay a reduced rate. You can get more information from the local council.
- Bungalows
About this property
Four Bedrooms Open Plan Living Modern Kitchen Decorated Throughout Two Driveways Corner Plot in Sought After Location Master Bedroom With En-Suite Planning Permission for Loft Conversion Brand new to market. Welcome this Versatile four bedroom extended bungalow located on a corner plot in a sought after estate in Nuthall, NG16. Benefitting from being completely renovated with modern appliances, as well as two private driveways. Not one to be missed, call Bairstow Eves now to book your essential viewing on ! The accommodation briefly of a spacious open plan living, dining, kitchen. Complete with modern kitchen with a mixture of both base and wall units, worktop and space for appliances. Furthermore there are four generous bedrooms which can be used however you wish! With the master offering a shower en-suite as well as a separate family bathroom. Renovated with good quality materials that are built to last! To the rear is a private patio garden accessed via double doors from the kitchen which is not overlooked. To the front are two driveways offering off street parking for multiple vehicles as well as a laid lawn. Located on the sought after estate in Nuthall, Nottingham is a residential community known for its quiet, suburban environment and is a popular choice for families and professionals looking for a peaceful place to live with excellent access to amenities and transportation. Within a short distance offers its residents a range of eateries, convenience stores as well as larger supermarkets and Mornington Primary School. Its location has excellent public transport access throughout Nottingham via regular bus services and Phoenix tram stop. With easy access to major roadways including A610 and M1 motorway, driving through Nottingham and beyond has never been easier! Overall, Vernon Drive is a desirable location offering a combination of tranquillity, community spirit and convenience, making it an attractive option for a variety of residents.
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