TENURE: To be advised
SHARED OWNERSHIP Two bedroom apartment available to purchase from a 25% share at 60,000 with a deposit of 3,000. Maximum amount available to purchase initially is 75%. Full market value 240,000. A great opportunity to get onto the property ladder and live in this contemporary spacious two bedroom apartment.
This first floor apartment has an open plan kitchen, lounge, dining area with large windows. The matte grey kitchen includes Zanussi integrated fridge/freezer, oven, hob and integrated hood with coordinating worktops and upstand.
The bathroom has large format half height tiling, bath with thermostatic shower and glass shower screen with a chrome heated towel rail.
Each apartment is has a combination boiler and video entry system. There is a parking space allocated to each home and a bike store at ground level.
Bury St Edmunds is an historic gem with a richly fascinating heritage - the striking combination of medieval architecture, elegant Georgian squares and glorious Cathedral and Abbey Gardens provide a distinctive visual charm. With prestigious shopping, an award-winning market, plus a variety of cultural attractions and fine places to stay, Bury St Edmunds is under two hours from London and very convenient for Cambridge, Ipswich and Norwich.
Full market value: 240,000
255% share value: 60,000
5% deposit: 3,000
Rent charged on unowned share : 2.75%
Rent on unowned share (25%) : 412.50 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 40% 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.
About Legal and General Affordable Homes
Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.