Releet Close, Great Bricett, Ipswich, Suffolk, IP7 Property for sale

A beautifully presented 2 bedroom semi-detached modern home in the quiet village of Great Bricett.

Upon entering, you'll find yourself in the hallway with the kitchen to your right, with option to have the appliances included and a 4/5year old boiler, the downstairs cloakroom and then the living room to the rear of the home opening out into the garden.

Upstairs, there are two double bedrooms, both tastefully decorated, and the family bathroom.

The home has been well loved by the current owner for 10 years, who now wants a change of scene. During their time, they have replaced the carpets and installed fitted wardrobes and installed a great workshop to the rear garden with power and lighting, which could potentially make an excellent home office, gym or garden room.

The home is available to purchase at a 50% Share with the option to buy the whole 100% should you wish to. There is no ground rent on the home as it is freehold (upon ownership of 100%) and there is a small service charge of approx. £97.41p/a to maintain the surrounding area and communal greenery.

*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

All shared ownership homes are sold as leasehold, even houses. This is because you only pay for part of the market value up front, and the landlord has an interest in the remaining share. If you reach100% ownership, the freehold will transfer to you, and the shared ownership lease falls away.

The total rent to pay at the start of the lease is based on the percentage of the remaining share of the market value you did not pay for. If you buy more shares in your home, the rent will go down.