, off Edward Benefer Way, PE30 2HW

Properties coming soon to South Wootton, register your interest now! Shared Ownership could help you to own your own home!

**PLEASE NOTE prices are estimated based on a 35% share of the current full market valuation but are subject to change, therefore please use as a guide only until properties are released for sale and prices are updated.**

The Development

We are excited to be offering 2 and 3 bedroomed houses for Shared Ownership in the village of South Wootton. These houses are due for phased completion commencing September 2024 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty.

Wootton is located within the small, picturesque Norfolk village of South Wootton, King’s Lynn. The village is positioned both in the Norfolk countryside and within minutes of the market town of King’s Lynn

South Wootton has an infant school and junior school, post office, doctor’s surgery, a variety of village shops, social clubs, and pubs.

The village of Sandringham is only seven miles away from South Wootton which boost beautiful walks through the countryside.

It is also well connected to the major cities of Norwich and Cambridge. Only 3 miles away is King’s Lynn Railway Station providing trains to London Kings Cross.

Prices

Prices are subject to change and based on an estimation of the current market value, please use as a guide only until properties are released for sale.

NEXT STEPS:

Please pre-register your interest for this development, we will contact you as soon as we have any further information.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own.Over time you can purchase more shares in your property – this is known as ‘staircasing’. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

Am I eligible?

Shared Ownership uses the following criteria to help people to get onto the property ladder:

- Maximum annual household income of £80,000.

- Unable to purchase a home suitable for your needs.

*Please note some images are typical and should be used as a guide only