3 bedroom house for sale
Salhouse Road, NR13 6LA
Share percentage 40%, full price £320,000, £6,400 Min Deposit.
Share percentage 40%, full price £320,000, £6,400 Min Deposit.
Monthly Cost: £1,256
Rent £440,
Service charge £87,
Mortgage £729*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
To be eligible to purchase a Shared Ownership home at Pettus Fields, you'll need to:
- Have a gross household income of no more than £80,000 per annum.
- Be unable to purchase a suitable home to meet your housing needs on the open market.
- Not already own a home or you will have sold your current home before you purchase.
Summary
New 3 bed Shared Ownership house in Sprowston | 1,056 sq ft & integrated appliances | Turfed rear garden & patio area | Two parking bays | Nearby amenities | 10 min drive from Norwich Station
Description
Nestled in between the Norfolk countryside and the historic city of Norwich, Pettus Fields is a new community of Shared Ownership homes which provide the perfect opportunity to get on the property ladder in an idyllic location.
Available with Shared Ownership, this new 3 bedroom home has been beautifully designed with contemporary finishes, new integrated appliances and white goods, two parking bays and a private turfed rear garden. With style, comfort and great connectivity, this home is perfect for those who truly wish to have the best of both worlds.
Financial Breakdown:
- Full Market Value: £320,000
- 40% Share Value: £128,000
- 5% deposit of 40%: £6,400
- Rent on unowned share: £440 per month
- Service Charge: £87.41 per month
- Council Tax: TBC*
Imagery shown is from another Legal & General Affordable Homes property and is indicative only.
Key Features
KEY FEATURES
- Available to buy from a 5% deposit
- Modern integrated appliances and white goods
- Two parking bays
- Excellent nearby amenities in Norwich city centre
- 10 minute drive from Norwich Train Station
- Wide range of nearby schools for all ages
- Easy access to Norfolk Broads and nearby beaches
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Brochure Price ListMap
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 40%, full price £320,000, £6,400 Min Deposit. Calculated using a representative rate of 5.26%
