2 bedroom apartment for sale

Available

Salhouse Road, NR13 6LA

£76,000 · Shared Ownership New Build

Share percentage 40%, full price £190,000, £3,800 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
FINAL TWO BED APARTMENT - AVAILABLE NOW!
Floor plan
floor-plan
Floor plan
floor-plan
£76,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 40%, full price £190,000, £3,800 Min Deposit.

Monthly Cost: £882
Rent £261, Service charge £188, Mortgage £433*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Eligibility

To be eligible to purchase a Shared Ownership home at Pettus Fields, you'll need to:

  • Have a gross household income of no more than £80,000 per annum.
  • Be unable to purchase a suitable home to meet your housing needs on the open market.
  • Not already own a home or you will have sold your current home before you purchase.
Summary

New 2 bedroom Shared Ownership apartment in an idyllic location | 681 sq ft & open plan living | Integrated appliances | Two parking bays | Nearby amenities | 10 min drive from Norwich Train Station

Description

Nestled in between the Norfolk countryside and the historic city of Norwich, Pettus Fields is a new community of Shared Ownership homes which provide the perfect opportunity to get on the property ladder in an idyllic location.

Plot 212 is a new 2 bedroom apartment that has been beautifully designed with a contemporary finish, new integrated appliances and white goods, and two parking bays. With style, comfort and great connectivity, this home is perfect for those who truly wish to have the best of both worlds.

Financial Breakdown:

  • Full Market Value: £190,000
  • 40% Share Value: £76,000
  • 5% deposit of 40%: £3,800
  • Rent on unowned share: £262 per month
  • Service Charge: £188.37 per month
  • Council Tax: TBC*

Imagery shown is from another Legal & General Affordable Homes property and is indicative only.

Key Features

KEY FEATURES

  • Available to buy from a 5% deposit
  • Modern integrated appliances and white goods
  • Two parking bays
  • Excellent nearby amenities in Norwich city centre
  • 10 minute drive from Norwich Train Station
  • Wide range of nearby schools for all ages
  • Easy access to Norfolk Broads and nearby beaches
Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Price List Energy Certificate
Map
Salhouse (2.38 miles) Norwich (2.49 miles) Brundall Gardens (3.52 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.

£76,000
Shared Ownership New Build
Estimated Monthly Cost:£882
Rent £261
Service Charge £188
Mortgage £433

Share percentage 40%, full price £190,000, £3,800 Min Deposit. Calculated using a representative rate of 5.26%


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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.