Salhouse Road, Rackheath, Norwich, Norfolk, NR13

SHARED OWNERSHIP Two bedroom end terraced house available to purchase from a 40% share at £109,000 with a deposit of £5,450. Maximum amount available to purchase initially is 75%. Full market value £272,500. A great opportunity to get onto the property ladder and live in this contemporary spacious two bedroom house.

The House

This end terraced house has a very modern open plan living room/kitchen/diner perfect for entertaining any guests with also access to the rear garden and downstairs W/C. The contemporary white kitchen includes multi-function oven, gas hob and integrated hood with coordinating laminate worktops and space for fridge/freezer and washing machine.

The bathroom has a white bathroom suite comprising of bath, close coupled w/c, pedestal basin, and chrome mixer tap. The bath comes with thermostatic shower over the bath, glass shower screen and wall tiling too. Also included in the bathroom is a white heated towel rail and mirror too!

Each house has gas central heating with combination boiler. Wood effect vinyl flooring is conveniently laid in the wet areas (kitchen, bathroom and WC) whilst the rest of the house benefits from carpet. There are two parking spaces allocated to each home directly to the side of the property plus conveniently placed visitor parking nearby for any guests!

Local Area
With its open countryside and long coastline, Norfolk is a great place to live and the new community at The Ostlers offers an excellent opportunity to get onto the housing ladder in a beautiful, rural location. Surrounded by fields, yet with all the facilities of Norwich nearby and the unique beauty of the Broads just a mile down the road, The Ostlers offers the best of all worlds. Each home is attractively designed in a traditional style and give you everything you need for contemporary living. With two local villages on your doorstep, there’s a full range of shops, restaurants, schools and medical facilities close by, together with open farmland, woodlands, parks and public gardens just waiting to be explored. The village of Rackheath offers a choice of pubs, pharmacy and a good range of shops.

You will also have the facilities of Sprowston and, a little further, the city of Norwich. Norwich is a thriving city with a magnificent cathedral, historic castle and charming streets filled with intriguing boutiques. There’s a great range of bars and restaurants, together a cinema, theatre, live music venues, galleries and, of course, a famous football team. The Norfolk Broads National Park is just a short distance away. This rich tapestry of water, skyscapes and wildlife is the perfect place to spend a lazy summer’s day. Whether boating, walking, cycling or seeking a glimpse of the local wildlife, you’ll never be short of new things to explore. East Anglia is a wonderful part of the country. There are heritage railways and royal palaces, magnificent views and ancient forests. You’ll have every type of seaside you could wish for – from the bright lights of Great Yarmouth’s Golden Mile to the crab restaurants of Cromer and the quiet beaches in between where you can walk for miles and see more seals than humans.


Financial Breakdown

Full market value: £272,500
40% share value: £109,000
5% deposit: £5,450
Rent charged on unowned share : 2.75%
Rent on unowned share (60%) : £374.69 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 houses 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.

Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing. Call Abbotts Norwich for more information