2 bedroom house for sale
Worcester Road, Costessey, Norwich, NR5 0UJ
Share percentage 75%, full price £220,000, £16,500 Min Deposit.
Share percentage 75%, full price £220,000, £16,500 Min Deposit.
Monthly Cost: £1,012
Rent £140,
Service charge £39,
Mortgage £833*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented, mid-terrace house is located in the town of Costessey, a few miles to the west of Norwich. The property is of conventional layout with a cloakroom and spacious kitchen at the front, while to the rear is a large reception/dining room with patio doors that lead out to the garden. On the first floor are two good-sized double bedrooms, both with fitted storage space, and the bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. The house comes with a driveway and there is also a frequent bus service into the city centre. Queen Hills Country Park, which offers ninety acres of outside space to explore, is within easy reach. The nearest primary (Chapel Break Infant School) was Ofsted-reviewed in January 2024 and rated 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £220,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mr6e4u36]
(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 29/08/2008).
Share Available: 75% (£165,000).
Shared Ownership Rent: £140.13 per month (subject to annual review).
Service Charge: £39.41 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,000 | Single - £39,100 (based on minimum share and 10% deposit).
Council Tax: Band B, South Norfolk 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 £16,500
- Guide Min Income Dual £33k | Single £39.1k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 738 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Modern Double Glazing and Gas Central Heating
- Rear Garden
- Driveway Parking Space
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Driveway
Outside Space/Garden: Yes - 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
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 75%, full price £220,000, £16,500 Min Deposit. Calculated using a representative rate of 4.59%
