1 bedroom apartment for sale

Available

1 Read Court, Old Catton, NR6 7FR

£72,500 · Shared Ownership New Build

Share percentage 50%, full price £145,000, £3,625 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£72,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 50%, full price £145,000, £3,625 Min Deposit.

Monthly Cost: £612
Rent £166, Service charge £85, Mortgage £361*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
  • You have a deposit of at least 5% of the share value
  • You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
  • This will be your only residence.
  • You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
Summary

Brand new 1 bedroom apartment in the Sewell Meadows development. The price advertised represents purchasing a 50% share of the home.

Description

Brand new 1 bedroom apartment in the Sewell Meadows development. The price advertised represents purchasing a 50% share of the home.

About the Development

With a selection of amazing 1 and 2 bedroom high quality apartments soon to be on offer, there’s something to suit all needs. Whether you’re buying your first home or moving up the ladder, Sewell Meadow has been thoughtfully designed with a balanced landscape of homes and open green space to use as social and play spaces and with a network of footpaths, you can enjoy a pleasant walk at any time of day.

You’ll find shops and amenities within the village for when you want to stay local or you can pop to Norwich to enjoy all the city has to offer.

About the Home

This wonderful apartment has accommodation that comprises in brief, entrance hall with store cupboard, doors to the bedroom, bathroom and kitchen/living/dining room. The kitchen/living/dining room benefits from a modern kitchen with integrated oven, hob and extractor as well as being dual aspect with windows to the front and rear. There is a bedroom and a bathroom.

About the Area

Sewell meadows is Ideally located, with access to Broadland Northway, the A47 and A11 within 8 miles, it opens up major travel routes, making Sewell Meadow the perfect choice for commuters. Travel into Norwich is made easy too with Sprowston Park & Ride 7 minutes away.

A local Premier store is a short stroll from your home for daily needs, but there’s also a supermarket nearby, in addition to a medical centre and local pub. If you prefer, you can enjoy the bustling high street and shopping centre in Norwich just 3 miles away, and its wonderful array of cafés, bars, and restaurants.

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 50% 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

*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.

*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change

Key Features
  1. 1 bedroom ground floor apartment
  2. Flooring throughout
  3. Storage space
  4. Open plan living
  5. Open plan living
  6. Modern fitted kitchen
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Property Downloads
Floor Plan Energy Certificate
Map
Norwich (3.13 miles) Salhouse (3.91 miles) Hoveton & Wroxham (5.47 miles)
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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£72,500
Shared Ownership New Build
Estimated Monthly Cost:£612
Rent £166
Service Charge £85
Mortgage £361

Share percentage 50%, full price £145,000, £3,625 Min Deposit. Calculated using a representative rate of 3.94%


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.