A charming collection of two & three bedroom homes

for Shared Ownership – part buy, part rent

Elka’s Rise

Shared Ownership is a government backed scheme to help you get a foot onto the property ladder. You part-buy a property, say 50%, and pay a monthly rent and service charge to Riverside Home Ownership (RHO) on the remainder.

Because you need a smaller mortgage and pay a reduced rent, the monthly costs are less than buying outright.

Can I own my home outright?

As and when it suits, you can buy the rest of your home or an extra share from us in the future, at the market value at the time. Eventually, you can own 100% of your property. This is known as ‘staircasing’.

Am I eligible?

You’re likely to qualify if you are one of the following:

- a first time buyer- a housing association or council tenant- buying for the first time after a relationship breakdown

and…

- your household income is less than £80,000 a year- the monthly mortgage, rent and service charge payments on the property will be

less than 45% of your income each month after tax.

If we receive more applications than we have homes available, we will prioritise who we offer a property first based on applicants’ housing need.

Supporting you all the way

We’ll be with you throughout the process and beyond. We’ll give you support and advice while you buy and for as long as you live there.

How to apply

You’ll need to apply online for one of our homes through Help to Buy North West at www.helptobuynw.org.uk

They’ll carry out some initial checks and then refer you on to us. We’ll then help you the rest of the way.

If you’ve got any other questions, contact our friendly team for help or advice on

0345 112 8800 sales@riverside.org.uk

How does Shared Ownership work?

Part Buy

Part Rent

Elka’s Rise is a fantastic new development of modern homes situated in Little Hallam, near to Ilkeston.

Expertly designed and built by Persimmon Homes, each property boasts an exceptional layout which will appeal to a variety of lifestyles.

Perfect for young professionals, growing families and downsizers, the site offers a range of shared ownership options by RHO.

It is set to be a popular development as there is a limited selection of homes available under this scheme.

Each home is well appointed, allowing you to move straight in and begin enjoying life at Elka’s Rise.

Included as standard is:

• Quality kitchens with integrated fridge-freezer, washer-dryer and dishwasher

• Brushed steel oven, hob and cooker hood

• Ceramic tiled bathroom, with over bath shower and glass screen

• Carpeting and vinyl floor coverings throughout

• Fresh white paint finishes

• Economical gas central heating

• Front and rear landscaped gardens

• Allocated parking

Life at Elka’s Rise

It’s all about the location

Ilkeston is a sought-after location within the Erewash Valley. Nestled between Derby and Nottingham, the town has plenty of amenities and attractions for everyone to enjoy.

Close to Elka’s Rise are a number of shops which offer everyday essentials, whilst larger supermarkets, retail parks and a selection of well-known restaurants are situated just over a mile away in Ilkeston town centre.

The area offers a range of excellent schools and colleges, whilst an abundance of sporting activities can be found at Rutland Sports Park and Victoria Park Leisure Centre. Or for those who prefer to hit a hole in one, there are several exceptional golf clubs nearby.

With picturesque countryside surroundings, Elka’s Rise enables you to relish in the natural beauty of Derbyshire. Close to the nature reserves of Trowell Marsh, Manor Floors and Straw’s Bridge, this area is perfect for those who love the great outdoors.

Keep Connected

Ilkeston offers excellent transport links allowing you to visit surrounding areas or head further afield with ease.

It is well-served by a new train station in Ilkeston which offers regular services to Chesterfield, Sheffield, Leeds and Nottingham. Liverpool and Norwich can also reached on selected trains.

From Elka’s Rise, there is easy access to the M1 motorway, connecting you to Leeds and London, as well as the A52 which takes you west to Stoke-on-Trent or east to Mablethorpe in Lincolnshire.

Travelling to sunnier climes is hassle free too as East Midlands Airport is just 11 miles away.

The AlnwickThe Alnwick is a comfortable two bedroom home, perfect for couples and young professionals.

The ground floor includes an open-plan kitchen and dining area, with French doors leading into the garden. A spacious lounge is positioned at the front of the property along with a WC.

Upstairs are two good-sized double bedrooms, a family bathroom and extra storage space.

Kitchen / Dining Room Bedroom 2

Bedroom 1

Living Room

WC

Bathroom

Ground FloorLiving Room:14' 9" x 9' 6" (4.50m x 2.90m)

Kitchen/Dining Room:12' 9 x 8' 2" (3.88m x 2.49m)

First FloorBedroom 1:12' 9" x 8' 7" (3.88m x 2.61m)

Bedroom 2:12' 9" x 8' 2" (3.88m x 2.49m)

Bathroom:6' 4" x 5' 7" (1.93m x 1.70m)

Ideal for growing families, The Hanbury property type is an attractive three bedroom home.

Downstairs there is a separate living room which leads into an open-plan kitchen and dining room, which also offers access to the garden through French doors.

The first floor comprises three good sized bedrooms, with the master bedroom benefiting from an en-suite. A family bathroom and extra storage space completes the upstairs.

The Hanbury

Kitchen / Dining RoomBedroom 2Bedroom 3

Bedroom 1

En suite

Living Room

Bathroom

WC

Ground FloorLiving Room:14' 3" x 12' 1" (4.35m x 3.69m)

Kitchen/Dining Room: 15' 4" x 8' 10" (4.68m x 2.69m)

First FloorBedroom 1:12' 5" x 9' 6" (3.79m x 2.90m)

En suite: 6' 4" x 5' 4" (1.94m x 1.63m)

Bedroom 2:9' 3" x 7' 7" (2.81m x 2.31m)

Bedroom 3:7' 7" x 5' 10" (2.31m x 1.78m)

Bathroom:6' 1" x 5' 11" (1.86m x 1.81m)

Riverside Home Ownership

Riverside Home Ownership is the specialist affordable home ownership and leasehold division of The Riverside Group, which owns or manages over 50,000 properties nationwide.

Riverside Home Ownership part owns and manages over 4,500 homes across the country, from houses and flats in residential suburbs, to city centre apartments and developments specifically for older people.

Helping people take their first step onto the property ladder is a vital part of our aim to transform people’s lives and build strong, lasting communities. Our friendly, expert team are here to help you every step of the way.

Riverside Home Ownership is the trading name of The Riverside Group Limited. A charitable Registered Society under the Co-operative and Community Benefit Societies Act 2014.

All property information and imagery is for guidance only and does not form any part of a contract of sale.

Please contact our friendly team on

0345 112 8800

sales@riverside.org.uk

www.riversidehomeownership.org.uk

Riverside Home OwnershipUnits 1 & 3 Meridian Business VillageHansby DriveLiverpoolL24 9LG