A new pathway home with Share to Buy
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3 bedroom house for sale

Available

41 Cottonwood Road, Red Lodge, IP28 1AZ

£78,750 · Shared Ownership New Build

Share percentage 25%, full price £315,000, £3,938 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Floor plan
floor-plan
Floor plan
floor-plan
£78,750 Shared Ownership New Build

Share percentage 25%, full price £315,000, £3,938 Min Deposit

Monthly Cost: £1,034
Rent £541, Service charge £65, Mortgage £428*

Calculated using a representative rate of 4.78%

Calculate estimated monthly costs

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Summary

New build semi detached located in Red Lodge, East Suffolk. Ideal for commuters looking to work across a wide area of eastern England and London

Description

About the Home
This brand new 3 bedroom semi-detached home features a kitchen/dining area with access to the rear garden and a separate living room at the front of the home. The ground floor also features a WC and storage space. To the first floor are three bedrooms and a family bathroom. The property comes with a private rear garden and allocated parking for two cars.

About the Area
This development is situated in the growing community of Red Lodge, East Suffolk. With great commuter links to Bury St Edmunds, Ipswich and Essex. There is a broad selection of local shops and schools nearby from cafes to schools and Doctors surgery. These homes would be ideal for commuters looking to work across a wide area of eastern England and London, as well as people looking to work from home. Those thinking of starting a family have a good range of schools, especially in the early years, with high schools in the nearby towns of Newmarket and Mildenhall. The development is on the edge of picturesque countryside with numerous footpaths, plentiful woodlands and field walks.

Shared Ownership Disclaimer
Shared Ownership is a great way to get onto the property ladder when you can’t afford to buy a home on the open market. Depending on what you can afford, this scheme allows you to buy a share of a new home and pay a reduced rent on the remaining share. You can purchase a share of a property, typically between 25% and 75%, making it more achievable to get on the property ladder. To do this you'll only need to secure a mortgage for your share of the property, reducing the upfront costs and monthly payments. Once you’ve bought your Shared Ownership home you can choose to increase you share of the property and potentially own it outright.

Key Features

· Patio doors leading to a private back garden

· Driveway

· Fitted Kitchen with oven, hob & extractor

· Storage Space

· Step onto the Housing Ladder with Shared Ownership

· Two Private Car Parking Spaces

· Second WC for those busy mornings

· Semi detached

· Three Bedrooms

Particulars

Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Kennett (2.11 miles) Newmarket (6.27 miles) Shippea Hill (9.31 miles)
Material Information

Total rooms: 7

Room Details:

Kitchen / Dining Room
Length: 3.88m ( 12'9'')
Width: 5.27m ( 17'4'')

Living Room
Length: 5.00m ( 16'5'')
Width: 3.72m ( 12'3'')

Bedroom 1
Length: 4.43m ( 14'7'')
Width: 2.88m ( 9'6'')

Bedroom 2
Length: 4.65m ( 15'4'')
Width: 2.88m ( 9'6'')

Bedroom 3
Length: 3.53m ( 11'7'')
Width: 2.32m ( 7'8'')

Bathroom

Downstairs WC

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: Yes - Private Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

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.

£78,750
Shared Ownership New Build
Estimated Monthly Cost:£1,034
Rent £541
Service Charge £65
Mortgage £428

Share percentage 25%, full price £315,000, £3,938 Min Deposit. Calculated using a representative rate of 4.78%


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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.