If you’re looking to buy a shared ownership home in Nottingham, you have come to the right page. Before committing to the area of Nottingham, it is a good idea to find out what the area is like, is it a nice place for your circumstances, and what there is to do in the area?
No matter where you are thinking of moving to, having some understanding of your potential new home certainly makes the decision of whether to move or not easier.
At Accent Housing, we have many tenants living in shared ownership homes in Nottingham and the surrounding areas. So, we know a thing or two about the town. In this blog, we’re going to share all our knowledge in the area.
What Is A Shared Ownership Home?
Shared Ownership is a housing scheme that offers you the chance to buy a share of a property from a housing association, a non-profit organisation that provides homes.
Because you only own a part of the property, you can buy it with a smaller deposit and mortgage. A smaller mortgage means smaller repayments, but you’ll also need to pay:
- Rent on the share of the property you do not yet own
- Monthly service charges
- Ground rent
Shared Ownership homes can be new builds, existing properties, houses, or flats. All Shared Ownership properties are leasehold, even houses, which is unusual.
Is Nottingham A Nice Place To Live?
Yes! Nottingham is a very nice place to live and call home, whether you’re a couple, family or over 55 and looking to retire. The city has it all.
In fact, Nottingham placed at number 13 as the best city in the UK for families according to moneysupermarket.com. The poll takes schools, salaries, house prices, burglary stats, green spaces and job opportunities into consideration. Nottingham benefits by having 20 nearby parks, good schools, a £25,334 average salary, and low house prices compared to the UK average!
If you value peace and quiet, the city probably isn’t for you. But if you like going out, eating out and adventuring then it will be a perfect fit for you.
What Is There To Do In Nottingham?
Nottingham is located in the heart of the English Midlands and began its journey in the 6th century as a small settlement owned by a man called Snotta. It then caught the name of Snottingham before it was renamed as we know it today – Nottingham.
You might famously know Nottingham for Robin Hood, Sherwood Forest, or the country park but the lively city has plenty more to offer.
For splashing out on yourself or a friend, Nottingham is hard to beat.
The Victoria Centre hosts high-end stores like Pandora and Superdry, as well as cafes and restaurants. Or the Exchange, which has been at the heart of Nottingham shopping since 1929, features a blend of alternative boutiques, fine arts and fine wines.
Visit England christened Nottingham “The Home of Sport” in 2015, highlighting the city’s contribution to British sporting life.
There are more sports facilities here per person than anywhere else in Europe, and ample opportunities to watch or get involved.
From the heights of the Premier League to watching County in Non-league, there’s an occasion and moment for all viewers.
Nottingham’s central location ensures the transport links in and out of the city and to the rest of the UK are easily accessible. For those looking to travel by train, services from Cross Country, East Midlands and Northern Rail all call at Nottingham Station.
If you choose to live in Nottingham, you will have fantastic access to the whole of the UK via various road connections. The M1 also connects Nottingham with several other big cities. With Leicester and Sheffield both 30 minutes away.
Where Can I Buy A Shared Ownership Home In Nottingham?
All of our available shared ownership homes are available on homemadehomes.com/our-homes. Homemade is an experience property sales team within Accent. We offer both new and resale shared ownership homes.
Over the years, we’ve helped thousands of people fulfil their ambition of being homeowners with our shared ownership properties. Our team are experienced industry experts and proud of what we do. We would love to help you find your next home so don’t hesitate to contact us.