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£113,750
Three-Bedroom Shared Ownership Detached Home | Modern Village Living | Elmswell, Suffolk
You can apply to buy the home if all of the following apply:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Three-Bedroom Shared Ownership Detached Home | Modern Village Living | Elmswell, Suffolk
This home is a beautifully presented three-bedroom Shared Ownership detached home, offering contemporary living in the heart of a popular Suffolk village. Constructed in 2020, the property has been thoughtfully designed to provide generous living space, high-quality finishes and a layout perfectly suited to modern family life.
The welcoming entrance hall leads through to a stylish kitchen/dining room fitted with integrated appliances, creating a practical yet sociable space for everyday living and entertaining. The bright lounge area benefits from French doors opening onto the rear garden, allowing natural light to flood the space and providing easy access to outdoor dining in the warmer months.
Upstairs, the property offers three well-proportioned bedrooms and a family bathroom complete with shower over bath, finished in a contemporary style.
Externally, this detached home enjoys added privacy along with parking for two vehicles. The enclosed rear garden is attractively landscaped, featuring a lawn, patio and bike shed - an ideal setting for relaxing, entertaining or family time.
Key Features
- Three-bedroom detached home
- Spacious kitchen/dining room with integrated appliances
- French doors opening onto the private rear garden
- Contemporary family bathroom with shower over bath & en-suite to master
- Parking for two vehicles
- Enclosed and landscaped rear garden
- Situated in a well-connected Suffolk village
- Approximately 10 minutes from Bury St Edmunds
Key Information
- Tenure: Shared Ownership
- Available Shares From: 35%
- Full Market Value: £325,000
- Share Value (initial purchase): £113,750
- Rent (on unsold equity): £602.16 per month
- Service Charge: £52.81 per month
- Lease Length: 120 years remaining
- Council Tax Band: D
- EPC Rating: B
Higher shares may be available to purchase. The final share percentage will be confirmed following your financial assessment.
Location
Located in the well-regarded village of Elmswell, Number 8 offers the perfect balance of countryside charm and convenience. The village has its own railway station (approximately 0.7 miles away), providing direct connections to surrounding towns and beyond. The A14 is easily accessible, making commuting straightforward.
Elmswell benefits from a range of local amenities including shops, everyday services and leisure facilities. Families are well catered for, with a respected primary school within the village and secondary schooling available nearby.
The historic market town of Bury St Edmunds is just a short drive away, offering a wide selection of independent shops, restaurants, cultural attractions and the beautiful Abbey Gardens. The surrounding Suffolk countryside also provides excellent opportunities for walking and outdoor recreation.
*Please note the white wooden shed shown in photos will not be included in the sale.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
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