2 bedroom apartment for sale
Ipswich Road, IP11 3RE
Share percentage 70%, full price £214,286, £15,000 Min Deposit.
Share percentage 70%, full price £214,286, £15,000 Min Deposit
Monthly Cost: £716
Mortgage £716*
Calculated using a representative rate of 4.04%
Calculate estimated monthly costs
In the first instance, interested parties must have a local connection with the East Suffolk Council area through residence, employment or close family connection. This period will extend to adjacent local authority areas after 30th June 2025.
Summary
Currently under construction by Taylor Wimpey Homes on their Auster Place development at Brightwell Lakes, units will be delivered over three phases during 2025 and 2026.
Description
The first phase of three 1 bedroom and four 2 bedroom units is forecast for completion in October 2025. These new homes are available from 70% of their open market value, with prices starting at £124,500 for a 1 bedroom apartment and £150,000 for a 2 bedroom apartment.
All 7 apartments come with fully fitted kitchens (with integrated oven, hob and extractor hood); bathrooms with full height tiling around the bath and a thermostatic shower over the bath with a shower screen. At least one car parking space is provided to all of the units (the majority with 2) with garages on some plots.
The properties are available on Landspeed’s shared purchase scheme, where up to 75% of the value can be secured with no rent or loan to repay on the discounted element.
Key Features
5% DEPOSIT
NO RENT
Gas Central Heating
Double Glazing
Off street parking
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: New build - Council tax band to be determined
Map
Material Information
Total rooms: 4
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Off Street
Outside Space/Garden: No
Year property was built: 2025
Unit size: 646 square feet
Communal lift: No
Accessible measures: No
Flooded within the last 5 years: No
Listed property: No
Heating: Gas Central
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: FTTP (Fiber to the premises)
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 70%, full price £214,286, £15,000 Min Deposit. Calculated using a representative rate of 4.04%
Landspeed Homes Ltd
