Situated in the desirable village of Broome and built by renowned builder Badger, this Shared Ownership house is sure to be popular.
This two bedroom semi-detached house is a rare opportunity to purchase on the SHARED OWNERSHIP scheme in this area! Available to purchase from a 25% share at 55,000 with a deposit of 2,750. Maximum amount available to purchase initially is 50%. Full market value is 220,000. A great chance to get onto the property ladder and staircase up to the full 100%.
Being a house located on a small cul-de-sac development of only 9 properties, this home has been finished to a high standard and set across traditionally two floors. With a welcoming entrance hall that leads through to the kitchen, elegantly designed with a high gloss finish and space for built in appliances this is sure to be the hub of family life. The sitting room is a beautiful space with double doors over looking the rear aspect and offering additional under stairs storage! You also have a cloakroom on the ground floor. As we make our way up to the first floor you will find the master bedroom and the second bedroom which are both double in size with ample room for wardrboes and/or chest of drawers. The three piece family bathroom sits between both of the double bedrooms which is perfect for convenience. Outside you have an enclosed rear garden and to the front off road parking. With so much to offer and available as a share between 25 %and 50% getting on the housing ladder has never been easier.
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 per month
What is Shared Ownership?
If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 50%) 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.
Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing. Call Abbotts Beccles for more information.