2 bedroom terraced house for sale

Wells-next-the-Sea

Sold STC £189,870

Property Description

Key features

  • Plot 94, Two Bedroom Terrace House
  • Shared Equity Home
  • You Pay £135,965
  • No Additional Monthly Rent Charges
  • Seaside Town
  • Section 160 Applies

Full description

Tenure: Freehold

The Sanderling - Plot 94 A new build redbrick mid-terrace shared equity home briefly comprising; Sitting room, kitchen-diner, ground floor WC, two bedrooms, family bathroom, rear garden and two allocated parking spaces.

This property is offered as part of a 'Section 106 Agreement' with North Norfolk District Council and are available to eligible buyers only on a shared equity lease basis. Prices represent full open market values with a percentage of the lease available to purchase on each property for £135,965 

WELLS-NEXT-THE-SEA Wells-next-the-Sea is a small popular town set behind a small harbour on the beautiful North Norfolk Coast and was voted the second best seaside resort in Britain 2006 by Holiday Which magazine. The town has a maze of narrow streets, old alleys and yards, filled with shops, pubs and cafes and there are many listed and impressive Georgian and Victorian buildings. The town has a doctors surgery, library, community hall and primary and secondary schools, and, for those that enjoy the water a public house on a boat. Wells-next-the-Sea is within an Area of Outstanding Natural Beauty at the heart of the Heritage Coast between Hunstanton and Weybourne and the beautiful sandy beach, with its pine trees, sand dunes and colourful beach huts, can be reached by car or by using a miniature steam train from the harbour or enjoy the Quay with its active fishing fleet and sailing club. Both Wells-next-the-Sea and Holkham Woods are designated Nature Reserves, and walkers and birdwatchers enjoy the North Norfolk Coastal Path, creeks and marshes. 

SITTING ROOM 14' 9" x 13' 8" (4.5m x 4.17m) Ceiling light, double glazed UPVC window to front aspect, stairs rising to first floor, under-stair cupboard, door to ground floor WC, door to kitchen/diner. 

KITCHEN DINER 14' 9" x 10' 4" (4.5m x 3.15m) Ceiling light, double glazed UPVC window to rear aspect, matching range of kitchen wall units, base units and drawers with complimentary worktop surfaces. 

GROUND FLOOR WC Ceiling light, two piece suite incorporating a wash hand basin and low level WC 

LANDING Ceiling light, door to airing cupboard, doors to further accommodation. 

MASTER BEDROOM 14' 9" x 13' 10" (4.5m x 4.22m) Ceiling light, two double glazed UPVC windows to the front aspect. 

BEDROOM TWO 10' 2" x 7' 6" (3.1m x 2.29m) Ceiling light, double glazed UPVC window to the rear aspect. 

FAMILY BATHROOM Ceiling light, UPVC double glazed window to rear aspect, Three piece bathroom suite incorporating a wash hand basin, low level WC and panelled bath with shower over. 

OUTSIDE To the rear of the property is a lawn laid garden with panelled fence surround. The property further benefits from two allocated parking spaces. 

SECTION 106 1. For the first 6 weeks the property shall be offered to Priority 1 applicants who have a current residence of at least 6 consecutive months, or employment of at least 6 consecutive months, or have an immediate family member who has resided for at least 12 consecutive moths in Wells next the Sea and it's adjoining parishes of Holkham, Warham or Wighton AND a household income of not more than £30,000 per annum.

2. After 6 weeks the property can be offered to Priority 2 applicants who currently have residence of at least 6 consecutive months, or employment of at least 6 consecutive months, or have an immediate family member who has resided for at least 12 consecutive months in North Norfolk District AND a household income of not more than £30,000 per annum.

3. After the above period then the property can be offered to Priority 3 applicants who have a household income of not more than £60,000 per annum and are unable to purchase a property in Wells without the scheme.

Immediate family is parents, siblings, adult child or grandparents.

Proof of local connection will be required to show the whole period of residence or employment. The buyer will accept council tax bills, utility bills, mobile phone bills and contracts of employment.
 

There does seem to be much confusion as to what this scheme exactly is.
The lowest priced house is £189,870. The initial share that will be sold is 71.61% of the market value. This equates to £135,965, which the owner obtains a mortgage on. The other percentage is retained by North Norfolk District Council and this is rent free. After a set period you can choose to increase the amount of the property that you own, and you can even choose to buy all of the other percentage.
Who is the scheme intended for ?
Local buyers, which will be their main residence. If you which to purchase you have to provide evidence to prove your connection to Wells-next-the-Sea and adjoining parishes and after a period of time this will be opened to interested buyers living in North Norfolk.
Hopkins Homes have a show house that is open from Thursdays - Mondays. So if you are interested in buying or just want to see what is happening, feel free to go up and have a look, or discuss the site at Sowerbys, Wells-next-the-Sea.
 

Listing History

Added on Rightmove:
04 June 2016

Nearest station

  • Sheringham (15.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Sowerbys, Wells next the Sea

The Granary The Quay, Wells-Next-The-Sea, NR23 1JT

01328 618022 Local call rate

How much will it cost me to call the number displayed on the site?

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Floorplans


To view this property or request more details, contact:

Sowerbys, Wells next the Sea

The Granary The Quay, Wells-Next-The-Sea, NR23 1JT

01328 618022 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Sheringham (15.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Sowerbys, Wells next the Sea

The Granary The Quay, Wells-Next-The-Sea, NR23 1JT

01328 618022 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100439019271. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sowerbys, Wells next the Sea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.

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