3 bedroom house for sale

Available

New Breck Road, Elmswell, Bury St Edmunds, IP30 9YN

£115,500 · Shared Ownership Resale

Share percentage 35%, full price £330,000, £11,550 Min Deposit.

Available
3 bedrooms
3 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£115,500 Shared Ownership Resale

Share percentage 35%, full price £330,000, £11,550 Min Deposit.

Monthly Cost: £1,262
Rent £625, Service charge £51, Mortgage £586*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A great chance to buy a spacious, family home. This recently-constructed, semi-detached property has a cloakroom just off the entrance hallway, a kitchen/dining room with sleek, white units and a reception room with patio doors that open onto a good-sized rear garden. On the first floor is a main bedroom with en-suite shower room plus a second comfortable double bedroom, a smaller third bedroom and a naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. The A14 offers an easy route to Cambridge or Ipswich as well as access to many of the regions other major roads. Elmswell Railway Station is within walking distance or a brief cycle ride and Thetford Forest, which offers forty six thousand acres of outside space to explore, is around a half-hour drive away (Google Maps).

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £330,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://tinyurl.com/4ewx53pr]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 35% (£115,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £624.87 per month (subject to annual review).
Service Charge: £51.42 per month (subject to annual review).
Guideline Minimum Income: Dual - £41,700 | Single - £47,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Mid Suffolk District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Key Features
  • Guideline Minimum Deposit £11,550
  • Guide Min Income - Dual £41.7k Single £47.4k
  • Two Storey, Three Bedroom, Semi Detached House
  • Approx. 1056 Sqft Gross Internal Area
  • High Performance Glazing
  • Bathroom, Shower Room and Cloakroom
  • Front and Rear Gardens
  • Garage plus Driveway
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Elmswell (0.58 miles) Stowmarket (4.44 miles) Thurston (4.94 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 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.

£115,500
Shared Ownership Resale
Estimated Monthly Cost:£1,262
Rent £625
Service Charge £51
Mortgage £586

Share percentage 35%, full price £330,000, £11,550 Min Deposit. Calculated using a representative rate of 4.64%


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.