2 bedroom house for sale
9 Cottonwood Road, Red Lodge, IP28 1AZ
Share percentage 50%, full price £275,000, £6,875 Min Deposit.
Share percentage 50%, full price £275,000, £6,875 Min Deposit
Monthly Cost: £1,124
Rent £315,
Service charge £62,
Mortgage £747*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A chance to get on the property ladder with this brand-new home in Bury St Edmunds, perfect for local life with great transport links to London and the beaches of the South Coast
Description
About the Home
This brand new 2 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 two 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
· Fitted Kitchen with oven, hob & extractor
· Step onto the Housing Ladder with Shared Ownership
· Two Private Car Parking Spaces
· Second WC for those busy mornings
· 10 Year NHBC Build Warranty
· Semi Detached with two Double 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 CertificateMap
Material Information
Total rooms: 6
Room Details:
Kitchen / Dining Room
Length: 3.89m ( 12'10'')
Width: 4.50m ( 14'10'')
Living Room
Length: 4.99m ( 16'5'')
Width: 3.35m ( 11'0'')
Bedroom 1
Length: 3.12m ( 10'3'')
Width: 4.50m ( 14'10'')
Bedroom 2
Length: 3.51m ( 11'7'')
Width: 4.50m ( 14'10'')
Bathroom
Downstairs WC
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
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
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 50%, full price £275,000, £6,875 Min Deposit. Calculated using a representative rate of 4.78%