2 bedroom house for sale
29 Scott- Moncrieff Street, , NR4 7XN
Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Monthly Cost: £1,132
Rent £315,
Service charge £51,
Mortgage £766*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Brand new 2 bedroom house available in the Cringleford Heights Development. The price advertised represents purchasing a 50% share of the home
Description
Brand new 2 bedroom house available in the Cringleford Heights Development. The price advertised represents purchasing a 50% share of the home
About the Development
Cringleford Heights Phase 2, offers 2 bedroom semi-detached homes in Norfolk. Settling in this prime location Cringleford Heights means you can enjoy a traditional village location with a welcoming atmosphere. Six-time winner of the Norfolk Village of the Year competition, Cringleford is home to a wide range of amenities to keep you well connected whilst in a semi-rural setting.
About the Home
The brand new two bedroom home offers an open-plan kitchen/diner/ lounge, a ground floor WC and storage space. The first floor offers all two spacious bedrooms as well as the family bathroom which comes as a three piece. This home has a rear garden and 2 parking spaces.
About the Area
Cringleford is a sought-after village which benefits from the peace and quiet of a semi-rural location but is only 5 miles from the city centre of Norwich. The village has an established community with essential facilities close by including supermarkets, a veterinary clinic, two pubs, GP and The Willow Centre – a social hub hosting an array of classes in the heart of the village.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. On this development you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- Flooring throughout
- Allocated parking
- Open plan living
- Downstairs WC
- Service charge applicable
- NHBC warranty
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 50%, full price £275,000, £6,875 Min Deposit. Calculated using a representative rate of 5.03%
