3 bedroom house for sale
Brick Kiln Road, Fakenham, NR21 8QB
Share percentage 40%, full price £260,000, £10,400 Min Deposit.
Share percentage 40%, full price £260,000, £10,400 Min Deposit.
Monthly Cost: £979
Rent £407,
Service charge £44,
Mortgage £528*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a three-bedroom, shared-ownership family home. This recently-constructed and smartly-presented property has a ground-floor cloakroom, a good-sized reception room and a spacious kitchen/dining room. Patio doors open onto the neatly-kept, south-east-facing rear garden. On the first floor of the house is a main bedroom with en-suite shower room plus a second comfortable double bedroom, a smaller third bedroom and a naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. Brick Kiln Road is part of a development on the semi-rural outskirts of Fakenham. The town centre is within walking distance or a brief cycle ride and Holkham's sandy beach and national nature reserve are only a half-hour drive away (Google Maps). A driveway, which can be accessed either from the road side or via a path from the rear garden, provides off-street parking space for two cars. Fakenham Infant and Nursery School, Fakenham Junior School and Fakenham (Secondary) Academy are all Ofsted rated 'Good'.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £260,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mpvrnrb4]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 24/06/2020).
Minimum Share: 40% (£104,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £407.15 per month (subject to annual review).
Service Charge: £44.33 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,600 | Single - £35,800 (based on minimum share and 10% deposit).
Council Tax: Band B, North Norfolk District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £10,400
- Guideline Income £29.6k (dual) | £35.8k (single)
- Two Storey, Three Bedroom, Mid Terrace House
- Approx. 904 Sqft Gross Internal Area
- Bathroom, Shower Room and Cloakroom
- Very Good Energy-Efficiency Rating
- South East Facing Rear Garden
- Parking for Two Cars
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
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 £260,000, £10,400 Min Deposit. Calculated using a representative rate of 4.64%