Elveden Place, Off Norwich Road, IP24 2RF

SHARED OWNERSHIP Three bedroom House available to purchase from a 30% share at £95,250 with a deposit from £4,762.50. Maximum amount available to purchase initially is 75%. Full market value £317,500. A great opportunity to get onto the property ladder and live in this modern spacious three bedroom house.

‘The Derwent’ is a delightful three-bedroom home featuring a living room stretching the whole length of the house including a very desirable bay window allowing for plenty of natural light into the room. As you enter the property on the left-hand side you have got your kitchen/dining area with double doors leading into the fully turfed garden. Upstairs, the main bedroom also stretches across the length of the property benefitting from an en-suite and built in wardrobe too. Bedroom 2 and 3 are off the landing, which are both double in size, and a family bathroom too. Externally there is an adjacent garage with driveway to the property to satisfy the family parking needs.

Welcome to Sovereign Gate a charming development completed by the highly regarded Tilia Homes. Built with sustainability and energy efficiency in mind these homes are ideal for a range of buyers looking for their next home.

Location:
The site is only 1.4 miles away from the Thetford Railway station with links to Norwich & Cambridge as well as connecting services to London. There is a local superstore as well as only a short commute to the historic market town with a range of shops to cater for your needs. Thetford dates back to the Iron age and is steeped in history with lots to see and do, you also are able to take full advantage of Thetford Forest and other areas of surrounding natural beauty.

Financial Breakdown:

Full Market Value: £317,500
30% Share Value: £95,250
5% Deposit: £4,762.50
Rent on Un-Owned Share: 2.75%
Rent on Un-Owned Share: £509.32

What is Shared Ownership?:

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home 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.

Who are Places for People?

Places for People are a property developer and manager with a proven track record for delivering high-quality homes in thriving Communities right across the UK. You can look forward to outstanding quality and service, tailoring homes to the needs of local people, and take responsibility the environmental impact whilst putting people first to build a sense of Community.

Financial Qualification:

You will need to undertake a financial qualification to purchase this property some of the key notes are as follows:

Additional Information:

Please note the images used are for reference only and given for indicative purposes. The exact unit may differ, please request further information, and satisfy yourself before making arrangements to view or reserve.