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.
- Semi-detached
- Driveway parking
Village life - This three bedroom semi detached house is discreetly tucked away within the popular location of Bestwood Village. There’s a driveway, garage, rear garden, lounge/diner, downstairs w/c and en suite to the main bedroom. Ideal for a first time buyer or someone downsizing.
Entrance hall – Stairs rising to the first floor and radiator.
Kitchen – 9’9 x 8’7 – UPVC window to the front. The kitchen is fitted with matching wall and base units with worksurfaces over incorporating a single drainer stainless steel sink with a mixer tap. Built in electric oven, fridge and freezer, integrated dishwasher and plumbing for a washing machine. Cupboard housing the boiler and a radiator.
Lounge/diner – 16’1 max x 14’4 max – UPVC window and French doors to the rear to access the garden. Under stairs storage cupboard, laminate floor, radiator and a TV point.
W/C – Has a low level w/c and a pedestal wash hand basin. UPVC opaque window to the front and a radiator.
Landing – Loft access hatch and a built in cupboard.
Bedroom one – 11’9 max x 9’3 max – UPVC window to the rear and a radiator.
En suite – Has a low level w/c, pedestal wash hand basin and walk in shower cubicle with tiled splashbacks and a radiator.
Bedroom two – 9’9 max x 9’4 max – UPVC window to the front, laminate floor and a radiator.
Bedroom three – 6’7 x 6’5 – UPVC window to the rear and a radiator.
Bathroom – Has a low level w/c, pedestal wash hand basin and bath with tiled splashbacks. UPVC opaque window to the front and a radiator.
Rear garden – Has a pebbled patio area with separating fence and gate to a lawned garden enclosed with fenced boundaries and a gate to the side for access.
Front – Driveway for up to two to three cars.
Garage – Single garage with an up and over door for access.
Gedling borough council – Band A
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