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£100,000
Modern two-bedroom semi-detached house with driveway & private garden in Norwich – Shared Ownership Resale Opportunity
You can apply to buy the home if all of the following apply:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
A well-presented two-bedroom semi-detached house available through the Shared Ownership resale scheme, offering an excellent opportunity for buyers to step onto the property ladder in a desirable residential location.
The property provides generous and well-laid-out accommodation across two floors. The ground floor features a spacious reception/dining room, creating a bright and versatile main living space, alongside a separate kitchen with good worktop and storage space, as well as a convenient downstairs WC.
Upstairs, there are two well-proportioned bedrooms, including a particularly spacious principal bedroom, plus a family bathroom. The layout makes the second bedroom ideal for a child's room, guests or a home office.
Externally, the home benefits from a private garden and a driveway providing off-road parking for two cars, adding practicality that is often hard to find at this price point. With approximately 908 sq ft / 84.3 sq m of accommodation, this home offers the space and feel of traditional house living.
Key Features
- Two-bedroom semi-detached house
- Shared Ownership resale opportunity
- Spacious reception/dining room
- Separate kitchen
- Two well-sized bedrooms
- Private rear garden
- Driveway with parking for two vehicles
- Approx. 908 sq ft / 84.3 sq m of living space
- Ideal first-time buyer home
- Long lease term: 989-years remaining
Key Information
- Tenure: Shared Ownership
- Available Shares from: 40%
- Full Market Value: £250,000
- Share Value (initial purchase) from: £100,000
- Rent (on unsold equity): £377.74
- Service Charge: £13.99 per month
- Lease Length: 989 years remaining
- Council Tax Band: B
- EPC Rating: B
Location
Situated in Drayton, Norwich (NR8), the property is located in a popular residential area with convenient access to local amenities, schools and green spaces. Norwich city centre is within easy reach, offering a wide range of shopping, dining and leisure facilities, while the surrounding road network provides straightforward connections for commuting and travel.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Red Loft