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£73,500
Modern Two-Bedroom Shared Ownership Home with Garden & Parking
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.
Modern Two-Bedroom Shared Ownership Home with Garden & Parking
Available through Shared Ownership, this well-presented two-bedroom home, built in 2024, offers a fantastic opportunity to step onto the property ladder. Designed for modern living, the property features a bright and spacious reception room, a contemporary fitted kitchen, and two generously sized double bedrooms.
Finished to a good standard throughout, the home benefits from a private garden - perfect for relaxing or entertaining, as well as allocated parking. Offered unfurnished and ready to move into, this is an ideal choice for buyers seeking an affordable, low-maintenance home in a desirable village setting.
Key Features
- Shared Ownership opportunity (30% share)
- Modern two-bedroom house (built in 2024)
- Spacious reception room with excellent natural light
- Contemporary fitted kitchen with integrated oven, fridge freezer & washing machine
- Two generous double bedrooms
- Private garden ideal for outdoor living
- Allocated parking for two vehicles
- EPC rating B for energy efficiency
Location
Situated in the popular village of Bacton, near Stowmarket, the property enjoys a peaceful rural setting while remaining well-connected. Local amenities including shops, schools and everyday essentials are within easy reach, with Stowmarket town centre just a short drive away offering a wider range of facilities, eateries and leisure options.
Excellent transport links are available via Stowmarket railway station, providing direct services to Ipswich, Cambridge and London Liverpool Street, making this an ideal location for commuters. The surrounding Suffolk countryside also offers plenty of opportunities for walking, cycling and enjoying the outdoors.
Key Information
- Tenure: Shared Ownership
- Available Shares from: 30%
- Full Market Value: £245,000
- Share Value (initial purchase) from: £73,500
- Rent (on unsold equity): £416.74 per month
- Service Charge: £20.19 per month
- Lease Length: 990 years from 2024
- Council Tax Band: B
- EPC Rating: B
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.
Red Loft
