Lily Street FarmAlfreton, Derbyshire, DE55 1FRGuide Price£200,000

Lily Street Farm in Alfreton, Derbyshire

Nestled within the scenic Lilly Street Farm development in Swanwick, this collection of two and three-bedroom semi-detached homes introduces a unique opportunity for those looking to step onto the property ladder through an affordable route. Perfectly situated, the development sits adjacent to the A38, placing it within a convenient roughly 13-mile radius from Derby. It similarly boasts a close proximity to Nottingham to the North West and is merely 2 miles south of Alfreton, balancing rural charm with accessible urban amenities.

The homes are part of a shared ownership scheme designed to ease the journey into homeownership. This approach allows individuals to purchase a share of their new home - initially, a 50% share is on offer - while paying a reduced rent on the remaining equity. The rent for the unowned share is competitively set at £280.73 per month, making it a cost-effective solution for many. Importantly, the scheme provides flexibility for the future, with the option to acquire additional shares in the property over time, potentially up to full ownership.

As part of the arrangement, the remaining share of equity in the property that is not initially purchased is held by a housing association. This collaborative model offers a solid foundation for those looking to embark on the rewarding journey of homeownership, without the need for a significant upfront investment. With its strategic location and thoughtful financial model, the properties on Lilly Street Farm offer a pragmatic yet exciting option for prospective homebuyers.

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