2 bedroom house for sale

Available

Church Lane, Gresham, Norfolk, NR11 8RT

£56,250 · Shared Ownership Resale

Share percentage 25%, full price £225,000, £8,438 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£56,250 Shared Ownership Resale

Share percentage 25%, full price £225,000, £8,438 Min Deposit.

Monthly Cost: £681
Rent £373, Service charge £45, Mortgage £263*

Calculated using a representative rate of 4.41%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This charming, semi-detached property has generously-sized gardens to front and rear which, along with the house itself, appear to have been very well looked after by the current owner. Internal features include a spacious kitchen, a ground floor cloakroom and a dual-aspect reception room which leads to a conservatory. Upstairs, on the first floor, the bedrooms are both comfortable doubles and there is a naturally-lit bathroom. Wall and roof insulation combined with double glazed windows make for a good energy-efficiency rating and there is oil-fired central heating. The house comes with off-street parking for two cars and is only a short drive from a number of sandy beaches. Norwich is approximately forty five minutes to the south (Google Maps).

SHARED OWNERSHIP (Advertised price represents 25% share. Theoretical full market value £225,000 but 'Staircasing' is restricted to a maximum of 80% on this property.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yx5mp9ep]

(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 01/04/2009).
Minimum Share: 25% (£56,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £373.03 per month (subject to annual review).
Service Charge: £45.47 per month (subject to annual review).
Guideline Minimum Income: Dual - £22,000 | Single - £23,500 (based on minimum share and 15% 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 15% (£8,437.50)
  • Guide Min Income Dual £22k | Single £23.5k
  • Two Storey, Two Bedroom, Semi Detached House
  • Approx. 914 Sqft Gross Internal Area
  • Bathroom plus Downstairs Cloakroom
  • Conservatory
  • Front and Rear Gardens
  • 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 Brochure
Map
West Runton (2.77 miles) Sheringham (2.93 miles) Roughton Road (3.61 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£56,250
Shared Ownership Resale
Estimated Monthly Cost:£681
Rent £373
Service Charge £45
Mortgage £263

Share percentage 25%, full price £225,000, £8,438 Min Deposit. Calculated using a representative rate of 4.41%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.