2 bedroom house for sale
Park Road, IP13 0BU
Share percentage 25%, full price £335,000, £4,188 Min Deposit.
Share percentage 25%, full price £335,000, £4,188 Min Deposit.
Monthly Cost: £971
Rent £461,
Service charge £33,
Mortgage £477*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
To purchase one of these homes, you must meet the local connection criteria:
You must have continuously lived within the District of East Suffolk for the preceding 5 years: OR
Have continuously had a principle place of work within the District of East Suffolk for the preceding 5 years: OR
Have parents o close family (i.e mother, father, son or daughter) who are over 18 and who have lived within the District of East Suffolk for the preceding 5 years
Summary
3 x 2 bedroom houses for sale
Description
Flagship Homes are delighted to offer a number of shared ownership for purchase at Grundisburgh Vale, Grundisburgh, built by the prestigious developer Hopkins Homes. The first 3 homes are available to reserve now, with initial shares starting from 25-75%, with staircasing available up to 100% after 2 years ownership.
On entering the property, you are greeted with a spacious hallway, filled with natural light and complete with flooring throughout.
Kitchen
Finished in a neutral and bright colour palette, the kitchen is a well-equipped space, perfect for preparing home cooked meals. It features contemporary kitchen cabinets, worktops and upstands, with a stainless-steel splashback to the hob. You will find a range of integrated appliances, including a hob, oven, extractor fan, washing machine, fridge freezer, 1.5 sink and drainer unit and stylish tiled flooring.
Living Room
This generously sized family room is situated at the back of the home and features neutral carpet with a white finish to the walls, ready for you to decorate in your own style. There’s also a media plate with TV connection point.
Landing
Take the stairs up to the first floor and you will find a spacious landing, with power to the loft hatch, and access to the bedrooms and bathroom.
Principal bedroom
This large and comfortable bedroom offers plenty of space for your bed and other furniture, complete with carpet and double-glazed window.
Bedroom 2
The second bedroom is situated at the back of the home, is generously sized and is comes complete with carpet, a fitted wardrobe and double-glazed window.
Bathroom
This space hosts a contemporary bathroom suite, including a toilet, basin with mirror, bath with shower over and a heated towel rail. The walls are part tiled, and there’s a double-glazed privacy window.
Agents Notes –
Full market value – £335,000.00
Share Value - £134,000.00
Monthly Rent – £460.63
Monthly Service Charge (to include buildings insurance) - £33.05
Please be aware, the rent above represents a 40% share in the property. Please contact one of our friendly sales advisors who can assist you with calculating monthly costs for differing share amounts.
Key Features
- Heating system powered by a gas combi boiler
- Fitted carpets and flooring throughout
- Enclosed rear gardens with turf and patio
- Staircasing to 100% available after 2 years of ownership
- Local connection required
- Contemporary bathroom suite
- Shares available from 25-75% on initial purchase
- Double glazed windows
- Downstairs WC
- Fitted kitchens with stylish worksurfaces and matching upstands
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Virtual Tour
Map
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 25%, full price £335,000, £4,188 Min Deposit. Calculated using a representative rate of 5.26%
