A new pathway home with Share to Buy
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2 bedroom house for sale

Available

35 Cottonwood Road, Red Lodge, IP28 1AZ

£137,500 · Shared Ownership New Build

Share percentage 50%, full price £275,000, £6,875 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£137,500 Shared Ownership New Build

Share percentage 50%, full price £275,000, £6,875 Min Deposit.

Monthly Cost: £1,142
Rent £315, Service charge £61, Mortgage £766*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Summary

A brand new 2 bedroom home available on Shared Ownership ideal for commuters looking to work across a wide area around London.

Description

Brand new 2 bedroom semi-detached house in the Saffron Fields development.

About the Development

This development is situated in the growing community of Red Lodge, East Suffolk. With great commuter links to Bury St Edmunds, Ipswich and Essex.


About the Home

This brand new 2 bedroom semi-detached house features a kitchen/dining area with access to the garden, and a separate living room to the front of the home. The ground floor also includes a WC and storage cupboard for added convenience. The first floor has two bedrooms and a centrally located bathroom. The property comes with flooring throughout, also offering a private rear garden and allocated parking for two cars.


About the Area

There is a broad selection of local shops and schools nearby from cafes to schools and Doctors surgery. These homes would be ideal for commuters looking to work across a wide area of eastern England and London, as well as people looking to work from home. Those thinking of starting a family have a good range of schools, especially in the early years, with high schools in the nearby towns of Newmarket and Mildenhall. The development is on the edge of picturesque countryside with numerous footpaths, plentiful woodlands and field walks.


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. You can buy a minimum 25% 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
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change

Disclaimers
Agent's Note
Please note that all particulars and images are for marketing and illustrative purposes only. Advertising images may include upgrades as home specifications can vary.

IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise.

Key Features

· Storage Space

· Integrated oven hob & extractor

· Fitted Flooring Throughout

· Car charging point

· Two double bedrooms

· Ground Floor WC

· Two car parking spaces

· Popular location

· Semi detached

· New build Shared Ownership

Particulars

Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan Energy Certificate
Map
Kennett (2.13 miles) Newmarket (6.06 miles) Shippea Hill (9.05 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes

Outside Space/Garden: n/a - Private Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

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.

£137,500
Shared Ownership New Build
Estimated Monthly Cost:£1,142
Rent £315
Service Charge £61
Mortgage £766

Share percentage 50%, full price £275,000, £6,875 Min Deposit. Calculated using a representative rate of 5.03%


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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.