Property Ref: 6068
75% shared ownership with NO rent to pay
Here is an opportunity to buy a 3 year old two-bedroom Taylor Whimpey house, show home standard with various upgrades made throughout. Low maintenance garden and parking with a new primary school a few minutes' walks away...
Shared Ownership details
The full market value of the property is £185,000 however you would be buying 75% at £138,750 (Leasehold)
The lease will be sold on with 122 years left
The remainder is owned by Breckland Council and managed by Orbit housing
The house is on a peppercorn scheme meaning there’s no rent to pay on the 25%
A purchaser will need to meet the Housing Association eligibility requirements:
Your household earns £60,000 a year or less
You’re a first-time buyer
You used to own a home, but cannot afford to buy one now
You’re an existing shared owner
To be excepted by Breckland council you need to have one of the following:
one of the following:
3yrs residence in the breckland area continuously or 3yrs out of the last 5yrs
Permanent employment in the breckland area
Close relative has to have resided for 3yrs in the breckland area
Entrance door to the front to the open plan kitchen and living space
Laundry cupboard with washing machine and tumble dryer
WC, washbasin, spotlights, and radiator
Lounge/Dining Area 13’1” x 8’ 10” max (3.98 m x 2.70m max)
Double glazed window to the front, radiator, and door to garden. Bar added to the back of the kitchen to make a place for eating and working.
Kitchen 8’10" max x 6' 12" (2.80m max x 2.08m)
Fitted with a range of wall and base units with work surfaces over, newly fitted black composite sink, tiled surrounds, and tiled flooring. Large walk-in the cupboard under the stairs and spotlights.
Bedroom One 10’9" x 8’7" (3.28m x 2.61m)
Double glazed windows, radiator and built-in wardrobe. Pictures shown have a super king bed.
Bedroom Two 13’1" x 6’9" (3.98m x 2.041m)
Double glazed window and radiator.
WC, washbasin, bath with shower over and tiled surrounds, spotlights.
Enclosed and astro-turfed rear garden with paved patio and pathway to back gate which leads to an alleyway given you another access point to the house. Garden shed at the back on the garden.
Back from the road with private parking
What is Shared Ownership?
Shared Ownership gives first-time buyers and those that do not currently own a home, or perhaps think they cannot afford a home, the opportunity to purchase a share in a new build or resales property, The purchaser pays a mortgage on the share they own, and pays rent to a housing association on the remaining share. Because the purchaser only needs a mortgage for the share they are purchasing, the amount of money required for a deposit is a lot lower when compared to the amount that would be required when purchasing outright. Shared ownership is a government-backed scheme.
The purchaser has the option to increase his share during their time in the property via a process known as 'stair casing', and in most cases can staircase all the way to 100%, thereby owning the property outright. shared ownership properties are always leasehold.
How shared ownership works
With shared ownership, you buy between a quarter and three-quarters of a property. You have the option to buy a bigger share in the property at a later date. These schemes are aimed at people who don't earn enough to buy a home outright. Most of the homes available are newly built, but some are properties being re-sold by housing associations.
Please call make Home99 to organise a viewing with the vendor.
Property Ref: 6068
Address: Tortoiseshell Drive, , Attleborough, NR17 1GU.
Shared ownership: £138,750
For more details and to book an appointment, Call our dedicated sales team now.
Disclaimer : 99home.co.uk is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate
Property Type: Terraced
Living Room(s): 1
Address: Tortoiseshell Drive, , Attleborough, NR17 1GU
Remaining Lease in years: 122
Yearly Ground rent cost: 0.00
Yearly management cost: 0.00
Close to School
Gas Central Heating