Langley Chase

Discover 2 & 3 bedroom new build homes for coming soon at Langley Chase on Radbourne Lane, Mackworth with Shared Ownership

Coming Soon
Price to be advised

Available properties

2 & 3 bedroom new build homes for coming soon at Langley Chase on Radbourne Lane, Mackworth with Shared Ownership
  • 10 year build warranty
  • Amenities Nearby
  • Countryside Location
  • Schools Nearby
  • Transport links

The development

Langley Chase is a vibrant collection of two and three-bedroom homes for sale in Derby, all available under the new model of shared ownership.

Langley Chase is a collection of 23 homes for sale in Derby, specifically designed to offer urban contemporary living and perfectly positioned to take advantage of the city’s eclectic mix of amenities. 

For buyers seeking two or three-bedroom homes in Derby, Langley Chase is a prime opportunity to buy through the new model of shared ownership.

Around a 10-minute drive from Derby City Centre, Langley Chase is ideal for buyers who want to enjoy the vibrancy of the city without necessarily living in the middle of it. Residents of Langley Chase have the best of both worlds - beautiful green spaces, walking trails, cycling paths and sports facilities in the nearby Markeaton Park alongside the bars, restaurants and boutique shopping available in the city itself. 

Local convenience stores, a post office, and a pharmacy are just a short walk away, while the nearby Kingsway Retail Park is also home to several major retailers, a gym and a rock climbing centre. As you’d imagine, Derby is home to a large number of different schools, the majority of which are rated ‘Good’ but 14 of which are rated ‘Outstanding’, making it ideal for families moving to the area.

Platform Home Ownership Internal CGI

Learn more about the Shared Ownership process

Watch the video

Download Your Guide To Shared Ownership

Something new is coming to Derby

Platform Home Ownership Internal CGI
Platform Bedroom CGI

Homes available through Shared Ownership

Local Area Information

The development on Radbourne Lane, Mackworth, is close to reputable schools such as Mackworth House School and Murray Park School.

The development benefits from excellent transport links, with easy access to the A38 and A52, and regular bus services into Derby city centre.

Local amenities include a Co-op Food store, Mickleover Golf Club, and Markeaton Park, all just a short drive away.

The town offers a variety of restaurants if you fancy a bit to eat, all ranging from local businesses to chain restaurants. 

Derby is one of the most popular cities in the UK for a reason. While smaller than its larger counterpart in Nottingham, Derby still offers an eclectic range of amenities, including premium brands, boutique shops, cultural hotspots, a thriving nightlife, music venues, and theatres, all nestled amongst Derby’s mostly pedestrianised streets.

The city hosts several exceptional educational facilities, with 14 schools rated ‘Outstanding’, as well as the University of Derby, which hosts around 34,000 students.

Derby is the most centrally located city in the UK and, as such, offers unparalleled connectivity. East Midlands Airport is around 20 minutes from the city centre, while Derby Train Station offers links to major destinations such as Birmingham, Manchester, Leeds and Sheffield.

Thanks to investment in the local quality of life, Derby’s population is one of the fastest-growing in the country. Home to around 250,000 people, the city has a relatively young population that is forecasted to hit around 320,000 over the next decade. This alone demonstrates just how popular the city is becoming with homebuyers, especially those seeking a more affordable market while still having a great way of life.

Some of the highlights of Derby include:

Derbion: The largest shopping centre in the East Midlands is home to over 200 stores as well as a cinema, bowling alley and adventure golf course.

Derby Silk Mill (Museum of Making): This UNESCO World Heritage Site is a celebration of Derby’s 300-year history of manufacturing and making.

Derby Arena: A purpose-built arena that hosts both sporting and cultural events alongside comedy, music and pantomime.

Pride Park: The home of Derby County FC and the 16th-largest football ground in the country.

If you’re looking for shared ownership houses in Derby, please pre-register your interest for Langley Chase, and we will contact you with further information.

Shared ownership is a fantastic opportunity if you’re unable to purchase on the open market. It allows you to buy a share in a property on a part-buy/part-rent basis and pay a subsidised rent on the share you do not own. 

Over time, you can purchase more shares in the property via the staircasing process. This can be done at any time after initial purchase and reduces the amount of rent you pay. 

We offer shares between 10% and 75% of the property value depending on the outcome of your affordability assessment. The higher the share you purchase, the lower the rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to purchase outright. Deposit amounts will be lower than purchasing a property on the open market, while the combined cost of mortgage and subsidised rent is often cheaper than privately renting.

Am I eligible?

Shared Ownership uses the following criteria to help people get a foot on the housing ladder:- Maximum annual household income of £80,000

One of the following statements must also be true:

  • You’re a first-time buyer
  • You used to own a home but can’t afford to buy now
  • You’re forming a new household - typically after a relationship breakdown
  • You’re already part of the Shared Ownership scheme but want to move
  • You own a home and want to move but can’t afford the new home that meets your needs

Shared Ownership Affordability Calculator

Property Details

£
%
%
£3,125
£62,500

Mortgage Details

years
£118,158
£118,158
£118,158

Affordability

£62,500
£62,500
The affordability information above is based on the following monthly costs:
£861
£429.69
£394

The total estimate excludes Service Charges, this can vary across our developments. At the time of application our Sales Consultants will make you aware of associated Service Charges applicable to the property you are interested in.

Homes at this development are available on the New Shared Ownership Model.
You can purchase between 10% and 75% of the property's full market value. Each home benefits from a 10 year repair period for essential repairs.
You are able to buy more of your home through the Staircasing process, where you can purchase shares in increments of 5%. There is also the option of the 1% Gradual Staircasing Model enabling you to purchase smaller shares each year.

Next Steps

1

Information

For further information, please download our brochure below.

2

Enquire

Please submit an enquiry to Platform Home Ownership and the dedicated Sales Consultant for the development will make contact with you.

3

Apply Now

The Sales Consultant will send you the application form for you to complete. Please return the completed form back to us via email to sales@platformhg.com .

4

Affordability

Upon receipt of your application and once approved we will refer you for an affordability assessment to determine the most affordable share for you.

5

Availability

Once passed, we will then send you an offer letter for your chosen plot where possible


 

Available properties

Start of slider, skip slider

    Showing 1 of 0

    End of slider, skip slider

    Frequently asked questions

    Most buyers who can’t afford to buy a home outright can apply to buy through shared ownership.

    We may also be able to help if you need to move because of a relationship breakdown or if your work requires you to live in an area outside your price range.

    In order to buy through the Shared Ownership scheme, you must be able to demonstrate that you can afford and sustain home ownership. If you proceed with Shared Ownership you will be required to undertake an affordability assessment.

    You must meet our adverse credit policy, if you have a history of adverse credit you are unlikely to be accepted depending on individual circumstances.

    Shared owners still have to pay many of the usual costs involved in buying a home.

    Reservation fee

    We will ask you for a £250 deposit to reserve your chosen home. When the sale goes through we put this towards your purchase payments. However, we cannot refund it if the sale does not go through.

    Mortgage deposit and fees

    Most mortgage lenders will ask for a 5% or 10% deposit towards the price of the share you want to buy. They are also likely to charge a valuation fee and administration fees.

    Legal fees

    Solicitors’ charges can vary so it is best to get a few estimates. You will also have to pay Land Registry and local search fees, and may have to pay stamp duty depending on the value of the property.

    After you've moved in

    You also need to budget for the ongoing costs of owning a home.

    Mortgage repayments

    You will have to make monthly mortgage repayments to your lender. Depending upon the type of mortgage you have, these repayments may vary as interest rates change.

    Rent

    You pay a subsidised monthly rent to us on the share of your home which we own. The amount is reviewed on the 1st April each year.

    Service charges

    You will have to pay a small charge if your home has any facilities or communal areas which we maintain, such as shared entrance halls, lighting and grounds. Your service charge will also include your buildings insurance and your management fee.

    Household bills

    These include your council tax and utility bills for water, gas and electricity.

    Repairs

    We will arrange for any defects on new-build homes to be repaired during a set time period. After that time has elapsed, you will be responsible for arranging and paying for all repairs to your home.

    Home contents insurance

    We provide buildings insurance with the cost of your service charge but this does not cover your belongings. We strongly recommend you arrange your own home contents insurance.

    Much will depend on your other financial commitments and what property/share you want to buy. We don't want you to be overstretched, so we need to be sure that you can afford to pay your mortgage and rent. We look at each application individually and will advise you on your options.

    Shared ownership schemes are backed by government funding to help people on smaller incomes. So you will not qualify for most shared ownership schemes if your household income is less than £10,000 or more than £80,000 a year.

    On the property listings for some of our shared ownership homes, you will see that we state a local connection to the area is required.

    This generally applies in rural areas and small villages where land has been made available specifically for affordable housing to meet the needs of local people, rather than for private development.

    These are known as ‘rural exception sites’ or 'protected areas' and are controlled by ‘Section 106 Agreements’. They aim to help local people and families afford homes in the area where they grew up.

    The local connection criteria can vary between different developments, but is usually based on the following:

    applicant was born in the area and has lived there for a number of years

    applicant has permanently lived in the area for a number of years

    applicant used to live in the area for a number of years but had to move away because of the lack of affordable housing

    applicant has been permanently employed in the area for a number of years

    The number of years is usually between 2 and 5, although this differs by local authority

    Usually priority is given to applicants with a local connection to the parish. If there are still properties remaining, allocation will be opened up to surrounding parishes and then to the whole of the local authority area. This ensures that the homes are occupied by residents as local to the area as possible.

    If you want to find out more about the local connection criteria for a particular development, or check if you qualify, please email sales@platformhg.com

    Yes you can, once you have moved into your Shared Ownership property, providing you can afford it, you are able to buy more of your home through the process of Staircasing.