Go green with envy at the Elford

Homehunters in Derbyshire will be green with envy at whoever snaps up the Home of the Week at Lovell’s The Green development in Danesmoor, as it is currently being offered for sale with a host of added extras as well as a shared equity deal. The Elford at plot 34 is a three-bedroom three-storey house priced at £158,950.

With shared equity however, the buyer could move in for an initial £119,212, however interested parties are being advised to act quickly because this special offer will not be around for long.

Colette Armstrong Lovell Eastern Regional Sales Manager said, “The Elford style property is the ideal first home for families and offers a really practical layout designed over three floors.

“As our nominated Home of the Week, plot 34 also comes complete with a selection of additional benefits and features, which are rarely offered in conjunction with shared equity, so this really is a great time to buy and make your friends green with envy!”

The added features currently included in this property are a fully fitted kitchen with integrated appliances, including a dishwasher, washing machine, oven and hob. The master bedroom has been kitted out with fitted wardrobes plus the entire home benefits from fitted carpets, curtains, light fittings, pictures and mirrors, meaning there is little for the new owners to do, other than move in.

Colette concluded, “What’s more, this property is also available to buy using our shared equity scheme which allows buyers to move in for just 75 per cent of the price.”

The Elford style home is generously laid out over three floors, helping to maximise space and creating a practical family home that can cater to many different situations. The main family living area sits on the ground floor and benefits from French doors leading to the rear garden, there is also a separate, fully fitted kitchen to the front of the property.

Two spacious bedrooms and the main family bathroom are situated on the first floor whilst the master bedroom with en-suite shower room has the entire top floor, making it the ideal grown-up retreat.

Lovell’s shared equity scheme means that the purchaser owns 100 per cent of the property from day one. There is no interest or rent to pay on the outstanding amount. The purchaser has up to 10 years to repay the deferred amount, which is calculated at market value at the 10 year point, or when the property is sold or the mortgage redeemed, which ever is sooner.

Alternatively, the homeowner can choose to pay off lump sums during the 10 year period. The part sum repaid must be 10% of the purchase price or £20,000, whichever is lower.

The Green is situated on Penncroft Lane on the edge of the Derbyshire Peak District. It is also within easy reach of Matlock and Chesterfield. The development also offers a selection of two-, three- and four-bedroom houses. Prices start from £149,950.

For more information contact the marketing suite open Thursday to Monday from 10am to 5pm. Alternatively, log on to lovell.co.uk/newhomes.