- Shared Ownership Terrace Property
- Entrance Hall
- Two Double Bedrooms
- Spacious Lounge/Diner
- Kitchen
- Family Bathroom
- Downstairs Cloakroom
- Sunny Enclosed Garden
- Two off Road Parking Spaces
- No Onward Chain
This property listing is now SSTC
2 Bedroom House for sale in Norwich
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***50% SHARED OWNERSHIP OPPORTUNITY*** Iconic estate agents are delighted to offer for sale this well presented shared ownership terrace property in this sought after Lenwade position. The property is offered on a 50% share basis and offers accommodation which comprises; spacious entrance hall, cloakroom, kitchen, stairs raising to the first floor and a 15ft lounge/diner with doors to the rear garden. Upstairs offers two double bedrooms off the landing both with fitted wardrobes and a separate three piece family bathroom suite. Outside the property benefits from two parking spaces to the front while to the rear there is a low maintenance enclosed sunny garden. The property is positioned on a modern development which boasts ample outside space and is within walking distance to the Village Hall, shops, local amenities and is on a bus route. £82,500 is a 50% share and a rent of £205.00 per month is paid in addition to the mortgage, this fee also includes the service charges and buildings insurance and the property is on a lease of 93 years. With shared ownership, you buy an initial % of the open market value and then you pay a reduced rent on the share that you do not own. There is potential to increase your share in the future through a process called ‘staircasing’, with the rent adjusted to reflect this. In some cases, you may be entitled to purchase a higher percentage, although some restrictions do apply.
All buyers must be eligible so to apply for a shared ownership home, you first will need to register with the local https://www.helptobuyagent3.org.uk/
You must meet the following criteria:
Annual income of less than £80,000
Unable to purchase a suitable home for your needs without assistance
Not a current Home Owner (or named on the deeds of another property) in the Uk or abroad
No outstanding credit issues (i.e unsatisfied defaults or ccj’s)
Important Information
- This is a Leasehold property.
Property Ref: EAXML11851_10861833
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