We are delighted to offer this fantastic opportunity to buy this brand new two double bedroom semi-detached property located in Kings Lynn and available to purchase on a Shared Ownership basis through Freebridge Community Housing.
The full market value of £220,000 is available to purchase from a 25% share with a deposit of 5% at £2,750 (other shares are available)
• Two Double Bedroom Semi-Detached New Home
• Generous Living/Dining Room and Spacious Kitchen
• Family Bathroom and Cloakroom
• High Specification and Flooring Throughout
• Turfed Rear Garden with Patio Area and Timber Shed
• Driveway Offering Ample Parking
This superb new home has been designed with style, comfort and efficiency in mind.
Finished to high specification throughout this beautifully spacious semi-detached house offers a wonderful kitchen with integrated oven and hob with space for a range of built in appliances. The living/dining room is flooded with an abundance of natural light with patio doors opening onto the garden. In addition, there is a stylish cloakroom off the hall.
On the first floor are two double bedrooms that share the family bathroom.
Externally, the turfed rear garden with patio area is ideal to enjoy the summer months with family and friends, with a useful storage shed and the driveway offers ample parking
Location
The market town of Kings Lynn offers a wealth of shopping facilities, restaurants, public houses, schooling for all ages and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross Station and the Royal Sandringham Estate and North Norfolk coast are within easy reach.
What is Shared Ownership?
For customers who cannot afford a property at a 100% share, whether due to mortgage or cash related reasons, the shared ownership scheme offers the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
To qualify for shared ownership you will need to meet the following criteria:
· Annual household income less than £80,000
· Unable to purchase a home suitable for your needs without assistance
· Not a current home owner (or named on the deeds of another property) in the UK or abroad
· No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)
Example Share Breakdown
Full market value: £220,000
25% share value: £55,000
5% deposit: £2,750
Rent charged on unowned share: 2.75%
Rent on unowned share (75%): £378.13
Agents Note: Images used may be representative of a similar property, but not be the one which the buyer may be purchasing.
Further information can be found via Salters Road, King's Lynn, Norfolk PE30 - Right Move