2 bedroom house for sale
Plot 17, Cunningham Drive, IP23 7BH
Share percentage 40%, full price £260,000, £5,200 Min Deposit.
Share percentage 40%, full price £260,000, £5,200 Min Deposit.
Monthly Cost: £1,234
Rent £581,
Service charge £60,
Mortgage £593*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Now available this charming two bedroom brand new home, situated within the popular location of Eye. With the energy efficiencies you would expect from a new home available to move into this spring!
Description
Introducing a charming two bedroom semi detached property in Eye, available to buy at full market value or through shared ownership. This wonderful two bedroom home offers a blend of modern comfort and traditional elegance, with open plan living downstairs, a cloakroom/WC, first floor with two bedrooms and a bathroom and two allocated parking spaces.
This home is situated on the northern edge of Eye, a jewel of a town in Suffolk with no shortage of historic sights and everyday amenities. Within a 10-minute walk of the development you'll find the main road through the town, lined with a range of shops and food outlets, including a chocolaterie, gift shops, antiques shop and arts centre. Attractive period buildings are at every turn, including the striking Victorian brick and flint Town Hall. Continuing down past the shops you'll reach the magnificent ruins of Eye Castle, around which the town was built and which is thought to date back to the 11th century.
On a practical note, Hartismere Hospital is just a five-minute walk from the development, and 10 minutes away the town of Diss hosts several large supermarkets and train station.
There is much to explore in the surrounding area, too. For a wider selection of shops and attractions, as well as national transport links, Bury St Edmunds, Ipswich and Norwich are all within an hour's drive. All three are attractive destinations with more than enough shops to balance out the rural location of Eye. Meanwhile, a 45-minute drive east will take you to the beautiful Suffolk Coast and Heaths Area of Outstanding Natural Beauty, not far from the popular seaside town of Southwold.
With an idyllic local community and the region's best offerings within easy reach, this development is appealing to a range of buyers, from a first-time buyer to a growing family.
The full market value of £260,000 is also available to purchase from a 40% share with a deposit of £13,000. (other shares available).
Financial Breakdown:
Full market value: £260,000
40% share value £104,000
5% deposit of full market value: £13,000
Rent charged on un-owned share: 4.47%
Don't miss the chance to make this delightful property your home.
Please note images are a combination of the Show Home, CGIs, they are not necessarily the images for this actual home.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
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 40%, full price £260,000, £5,200 Min Deposit. Calculated using a representative rate of 5.26%
