2 bedroom house for sale
86 Lancaster Road, , PE37 8GY
Share percentage 50%, full price £210,000, £5,250 Min Deposit.
Share percentage 50%, full price £210,000, £5,250 Min Deposit.
Monthly Cost: £813
Rent £241,
Service charge £50,
Mortgage £522*
Calculated using a representative rate of 3.92%
Calculate estimated monthly costs
- 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.
Summary
Wonderful 2-bedroom Semi-detached house in the Pedlars Meadow development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 2-bedroom Semi-detached house in the Pedlars Meadow development. The price advertised represents purchasing a 50% share of the home.
About the Development
Pedlars Meadow is a brand new development, located in one of Norfolk's famous market towns of Swaffham. This prime location will be offering a lovely selection of terraced houses, perfect for families, young professionals and retirees alike.
Get around easily with great transport links including both the A47 and A1065, both at your doorstep. Furthermore access trains from Norwich to many UK locations.
About the Home
Within this house, the front entrance door leads into the entrance hallway with a ground floor WC off. At the front of the house is a lovely lounge which in turn feeds through to the spacious kitchen/Dining room. Here there are French doors that lead to the private garden.
The landing on the first floor provides access to all first floor rooms. There are two well-proportioned bedrooms and a stylish bathroom here. To the outside, there is a turfed garden.
About the Area
There are many attractions and amenities nearby for all ages, this ranges from theatres and gyms to golf courses and spas. There is also a selection of good local schools for all ages.
There are excellent transport options serving the area. The nearest railway station is in Dereham which offers wonderful old school train experiences. In addition you have the nearest Airport - Norwich International Airport where you can access both domestic and international flights.
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 45% 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
- 2 bedroom semi-detached house
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Ground floor WC
- Private garden
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 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.
Share percentage 50%, full price £210,000, £5,250 Min Deposit. Calculated using a representative rate of 3.92%
