2 bedroom house for sale
Pound Lane, PE31 8LP
Share percentage 25%, full price £425,000, £5,313 Min Deposit.
Share percentage 25%, full price £425,000, £5,313 Min Deposit.
Monthly Cost: £1,380
Rent £730,
Service charge £58,
Mortgage £592*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
To qualify for shared ownership you will need to meet the following criteria:
· Annual household income less than £80,000
· Unable to purchase a home suitable for your needs without assistance
· Not a current home owner (or named on the deeds of another property) in the UK or abroad
· No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)
Summary
Superb Two Double Bedroom End Terraced New Home
Description
We are delighted to offer this exciting opportunity to buy this brand new 2 double bedroom end terraced home situated on an exclusive development in Docking.
Available on a Shared Ownership basis through Freebridge Community Housing. The full market value of £425,000 is available to purchase from a 25% share with a deposit from 5% at £5,312,50 (other shares are available).
This spacious end-terraced house offers a generous sitting room leading to the kitchen/dining room with integrated oven, hob and fan over, with space for a range of built in appliances. In addition, there is a separate utility room, two useful storage cupboards and a stylish cloakroom.
To the first floor are two double bedrooms, bedroom one benefitting from fitted wardrobes, and the main bathroom.
Location
The village of Docking is situated in scenic countryside near the town of Burnham Market, and perfectly placed for the North Norfolk Coast.
The village itself offers a range of amenities including a post office and village shop, the Docking Fish Bar with its award-winning fish and chips, a country pub called The Railway Inn, a doctors’ surgery and a primary school. The market towns of Fakenham and King’s Lynn are easily accessible by road offering a full range of amenities.
What is Shared Ownership?
A brand new 2-bedroom detached home available on a shared ownership (part buy/part rent) basis. Shares available from 10%-75% on initial purchase with the option to staircase to 80% in the future.
Example Share Breakdown
- Full market value: £425,000
- 25% share value: £106,250
- 5% deposit: £5,312,50
- Rent charged on unowned share: 2.75%
- Rent on unowned share (75%): £730.47
Key Features
• Two Double Bedroom End-Terraced
• Spacious Kitchen and Dining Area
• Utility Room
• Garden with patio area
• Allocated parking for two cars
• Flooring to wet areas
• Air-Source Heat Pum
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £425,000, £5,313 Min Deposit. Calculated using a representative rate of 5.03%
