2 bedroom house for sale
Castleton Grange, Eye, IP23 7BH
Share percentage 25%, full price £260,000, £13,000 Min Deposit.
Share percentage 25%, full price £260,000, £13,000 Min Deposit.
Monthly Cost: £1,065
Rent £726,
Service charge £58,
Mortgage £281*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
Summary
Attractive 2 Bedroom brand new home available on Shared Ownership in Eye
Description
We are delighted to offer this exciting opportunity to buy this brand new, 2 bedroom semi detached house on a Shared Ownership basis. The full market value of £260,000 is available to purchase at a 25% share with a deposit of £13,000. (other shares available) Call now to book a viewing.
• 2 Parking spaces
• Downstairs WC
• Storage space
• Great range of local amenities
• Sought after village location
• Good transport links
This attractive 2 bedroom new home has been designed with style, comfort and efficiency in mind. Finished to a high quality throughout the property comprises an open plan living space of kitchen, dining and living room that overlooks and opens out via French doors to the garden. Downstairs also includes a WC and storage space. Once upstairs you are greeted by a master bedroom and a further bedroom as well as a family bathroom. This new home is further complemented externally by a garden and 2 parking spaces.
This beautifully laid out development is an ideal mix of brand new homes within a welcoming, family friendly, community setting. Perfectly situated within the northern part of the county of Suffolk in the charming Market Town, Eye.
This highly picturesque part of the country takes its name from Old English meaning “Island, land by water” and as its name suggests is surrounded by not only beautiful countryside but rivers also. The spectacular Norfolk coast is also reachable in approximately 1 hour.
A real treasure of a Suffolk town, Eye, boasts a rich and plentiful history with evidence found of Roman settlements. The ruins of the medieval, Motte and Bailey, Eye castle remain standing tall as a real focal point of the town whilst the littering of attractive period buildings spread across the town add further to its charm.
The development is only a 10 minute from the centre of Eye town which benefits from an excellent range of local amenities with local supermarkets and convenience stores, a selection of pubs and eateries, a library and a health care centre. Whilst for those with children, Eye, has a choice of well performing schools for each age range.
Ideally located to enjoy good transport links, the popular towns of Ipswich and Bury St Edmunds, as well as the Cathedral City, Norwich, can all be reached within an hour. Whilst the closest train station is in the neighbouring village of Diss and provides journeys into central London of approx. 2.5 hours.
Financial Breakdown:
Full market value: £260,000
25% share value £65,000
5% deposit of full market value: £13,000
Rent charged on un-owned share: 4.47%
Rent on un-owned share (75%) £726.38
Estimated monthly service charge: £58
What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.
Key Features
• 2 Parking spaces
• Downstairs WC
• Storage space
• Great range of local amenities
• Sought after village location
• Good transport links
Particulars
Tenure: Freehold
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
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 £260,000, £13,000 Min Deposit. Calculated using a representative rate of 4.24%