2 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold (108 years remaining)
- Guideline Minimum Deposit £16,500
- Guide Min Income Dual £33k Single £39.1k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 738 Sqft Gross Internal Area
- Bathroom plus Downstairs Cloakroom
- Modern Double Glazing and Gas Central Heating
- Rear Garden
- Driveway Parking Space
SHARED OWNERSHIP (Advertised price represents 75% share. Full market value £220,000). This smartly-presented, mid-terrace house is located in the town of Costessey, a few miles to the west of Norwich. The property is of conventional layout with a cloakroom and spacious kitchen at the front, while to the rear is a large reception/dining room with patio doors that lead out to the garden. On the first floor are two good-sized double bedrooms, both with fitted storage space, and the bathroom. Well insulated walls and roof, modern double glazing and gas central heating make for a good energy-efficiency rating. The house comes with a driveway and there is also a frequent bus service into the city centre. Queen Hills Country Park, which offers ninety acres of outside space to explore, is within easy reach. The nearest primary (Chapel Break Infant School) was Ofsted-reviewed in January 2024 and rated 'Outstanding'.
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ ]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 29/08/2008).
Share Available: 75% (£165,000).
Shared Ownership Rent: £140.13 per month (subject to annual review).
Service Charge: £39.41 per month (subject to annual review).
Guideline Minimum Income: Dual - £33,000 | Single - £39,100 (based on minimum share and 10% deposit).
Council Tax: Band B, South Norfolk Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.
IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Rooms
Entrance Hallway
Cloakroom
Kitchen
9' 8" x 7' 10" (2.95m x 2.39m)
Sitting Room
14' 8" max. x 14' 3" max (4.47m x 4.34m)
Landing
Bedroom 1
14' 8" x 8' 0" (4.47m x 2.44m)
Bathroom
7' 10" x 6' 4" (2.39m x 1.93m)
Bedroom 2
14' 8" x 9' 1" max. (4.47m x 2.77m)
Places of interest
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*DISCLAIMER
Property reference 28468683. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Urban Moves - Richmond.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 19, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 19, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 4, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.