1 bedroom apartment for sale
Tillet Way, NR13 5AX
Share percentage 25%, full price £185,000, £2,313 Min Deposit.
Share percentage 25%, full price £185,000, £2,313 Min Deposit.
Monthly Cost: £723
Rent £318,
Service charge £147,
Mortgage £258*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
ELIGIBILITY CRITERIA:
To be eligible for a home at Broadland Fields you'll need to:
- Have a combined household income under £80,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
Summary
Just launched - 1 bedroom apartment with integrated appliances & allocated parking, available with Shared Ownership, in Postwick, near Norwich, Norfolk.
Description
Discover Broadland Fields
A stunning collection of contemporary 1 & 2 bed apartments available with Shared Ownership. Located on the edge of Norwich, north of Postwick, close to the River Yare, this new community offers the perfect place to put down roots in a home of your own.
Plot 17is a 50.3 square metre one bedroom second floor apartment with open plan living, a range of integrated appliances and allocated parking at Broadland Fields, Postwick, Norfolk available to purchase through Shared Ownership from a 25% share.
Financial Breakdown:
- Full Market Value: £185,000
- 25% Share Value: £46,250
- 5% deposit of 25%: £2,313
- Rent on unowned share: £318 per month
- Service Charge: £146.8 per month
- Council Tax: TBC*
Your new home at Broadland Fields has been built around your lifestyle including modern, open plan living areas that are full of natural light. Kitchens are streamlined and well equipped, with integrated appliances and ample workspace to show off your culinary skills. Finished to a high specification, every home has space for a home office helping you strike the perfect work-life balance.
Benefitting from a superb range of nearby amenities, including local pubs, schools, restaurants and sports clubs, you’ll never be bored at Broadland Fields. And you’ll have all the facilities of a major city – including excellent shopping – on your doorstep. Whether you’re heading into Norwich for a big night out, or enjoying a boat ride along the Norfolk Broads, this is a location that offers the best of town and country.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
LOCAL AREA
Norwich is a beautiful city to have as a next-door neighbour with its cobbled streets and open spaces, impressive Norman cathedral and imposing castle. There are intriguing boutiques and large shopping malls, a wide choice of restaurants, bars and clubs together with live theatre and a thriving arts scene. Head away from town and you’ll soon reach the Norfolk Broads National Park.
This unique area of waterways, windmills and wildlife is the perfect place to spend a lazy summer’s day. Whether boating, walking, cycling or seeking a glimpse of the local flora and fauna, you’ll never be short of new things to explore.
East Anglia is full of great days out for all the family. There are heritage railways and royal palaces, magnificent views and ancient forests. You’ll have every type of seaside you could wish for – from the bright lights of Great Yarmouth’s Golden Mile to the crab restaurants of Cromer and the quiet beaches in between where you can walk for miles and see more seals than humans.
Norwich also has an international airport, with flights to destinations across Europe. Yet, with the Norfolk Broads so close by, perhaps the perfect mode of travel is by boat, quietly cruising the waterways and looking for a glimpse of a water vole among the reeds.
WHAT IS SHARED OWNERSHIP?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.
*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.
** Please note, internal images are from our 3 bed show home at Broadland Fields and are indicative only.
Key Features
KEY FEATURES:
- Perfectly located on the edge of Norwich
- Integrated oven and hob with glass splashback and stainless steel cooker hood
- Modern integrated fridge freezer, dishwasher & washing machine
- Beautiful scenery on your doorstep and not far from the Norfolk Broads
- Allocated parking
- NHBC 10 Year Building Warranty
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document 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 25%, full price £185,000, £2,313 Min Deposit. Calculated using a representative rate of 5.03%
