Get brand editions for Norfolk Homes Ltd, Wyngates

3 bedroom terraced house for sale

THE KENYON PLOT 22 at Wyngates, Blofield, NR13

Shared Equity £208,000

Property Description

Key features

  • A premium home built to a very high quality and specification
  • Compare all that we INCLUDE. Also the space, room sizes and value, you'll be impressed
  • Energy efficient home with TRIPLE Glazing.
  • Choice of luxury kitchen and Porcelanosa tiles, with pelmet lights and cornice to most kitchens.
  • Pressurised shower and a polished chrome heated towel rail.
  • East facing rear garden.
  • Two parking spaces.
  • 80% Shared equity

Full description

Tenure: Leasehold

The Kenyon 919Sq.ft Plot 22
Three bedroom semi-detached house - kitchen/dining room with storage cupboard, living room, cloakroom and entrance hall. On the first floor - two double bedrooms, one single bedroom, bathroom and airing cupboard to landing.

80% SHARED EQUITY
EAST FACING REAR GARDEN
TWO PARKING SPACES.



Details of homes sold on the Shared Equity* Scheme:

This exciting new provision of low cost homes will give people who would not otherwise be able to afford an outright purchase the opportunity to buy a high quality new home.

The homes will be built by Norfolk Homes to our usual high standard and will be externally indistinguishable in style.

What is a Shared Equity Property?
A Shared Equity Property is when the buyer purchases a share in the equity of a property and the remaining share of equity is owned by a separate person or organisation. The buyer can purchase the initial share with the aid of a mortgage and upon completion is granted a 125 year lease on the property. During the course of that lease, the buyer does not have to pay any form of rent on the remaining share of equity, whereas they would, had it been a shared ownership property.

If the buyer wants to sell the property, they are free to do so, but would only receive the market value of the share they own.
Please see definitions - Assignment.

The buyer has the opportunity to purchase the remaining share of equity in the property, but only after a period of 5 years of owning the initial share. This is known as "staircasing".

How will the homes be sold?
Norfolk Homes will be selling the shared equity lease to the individual buyers and drafts of the leases have already been agreed with Saffron Housing Trust Limited, the owners of the remaining share of equity, in respect of both apartments and houses.

The Company's Solicitors, will deal with the granting of the shared equity leases to buyers and so will be issuing contract documents in the
usual manner.

On the date of legal completion of the sale of the shared equity lease to the buyer, completion of a transfer of the freehold of the property to Saffron will also take place. Therefore, whilst Norfolk Homes Ltd will be the landlord under the terms of the leases, Saffron will take over as landlord upon legal completion of the property. Under the terms of the agreement with Saffron, 14 days notice must be served on them of the date it is intended to complete the sale of the shared equity lease. As a result, there will have to be a period of at least 14 days between exchange of contracts and legal completion.

Who qualifies for a shared equity property?
Prospective buyers must earn less than 60,000 (Sixty Thousand Pounds) per household per annum and the property to be purchased must be their sole residence and they must not own any other property.

Please refer to Eligibility Criteria form. Click here for a downloadable pdf form.

Terms of the shared equity lease
The shared equity leases are based very closely on the Housing and Communities Agency Model Shared Ownership Lease which have been approved by the Council of Mortgage Lenders. The lease will be for a term of 125 years at a peppercorn* rent.

Wyngates

Time to enjoy a village life?
If you are ready to move out of the city or town and seek a more rural location - but not total isolation - then Blofield maybe the perfect location for you.
Blofield is surrounded by beautiful countryside, is close to the famous Broads and is just under 10 miles east of Norwich and only 13 miles from the vast Norfolk coastline - you can see why it's a great and popular location. Wyngates is tucked away on the outskirts of the village.
Norfolk Homes have earned a great reputation for building new homes of the highest quality with
exceptional specifications. These homes will be no exception. We are building 64 homes, which range in size from one bedroom apartments through to large four bedroom executive homes, so hopefully you will find something to meet your needs. We are offering you a selection of our most popular designs and some fabulous new ones too! No boring square boxes here! The layout has been creatively planned to make it a very visually appealing place to live; attractive homes with village greens and play areas, preserved mature hedges and trees.
Our homes are highly energy efficient to help you reduce your energy bills and carbon footprint. Houses have luxurious - but energy efficient - underfloor heating to the ground floor. You can enjoy creating your own beautiful new kitchen by choosing units from our extensive range and tiles from our Porcelanosa collection.*
* Dependent on stage of construction


Blofield is a particularly good location for you if you still need the amenities that the region's vibrant capital offers; work, commerce, shopping, arts and culture, but also want to spend time in Norfolk's countryside where there is so much to do and explore.

This is a great area if you love outdoor activities such as walking, cycling and sailing. Enjoy watersports and fishing on the coast or the world famous wildlife haven The Broads - a member of the National Parks family. And you won't be short of great places to visit; smell the blooms at pretty gardens at Fairhaven and Hoveton, or have a fun day out with your children at Bewilderwood, an outdoor woodland adventure park. If you are a keen birdwatcher you are only a few miles from the tranquil and peaceful Strumpshaw Fen.
The village itself has useful amenities such as a primary school, GP surgery, church, library, pub and a few shops including a newsagents and post office. There is also a tennis club and the rather grand Courthouse hosts 'Blofield Village Screen' and other events and clubs. Blofield is close to the A47 which bypasses Norwich. There are bus services to and from Norwich and 6 miles from Blofield, just off the A47, is the Postwick Park and Ride going into the city centre. Nearby Brundall and Lingwood have train services running to and from Norwich and Great Yarmouth.


The sales office is open Thursday through to Monday 10am - 5pm Closing Tuesday and Wednesday.


Listing History

Added on Rightmove:
31 July 2017

Nearest stations

  • Brundall (1.3 mi)
  • Brundall Gardens (1.7 mi)
  • Lingwood (1.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Norfolk Homes Ltd

Wyngates, Blofield, NR13

01603 950204 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.

Floorplans


To view this property or request more details, contact:

Norfolk Homes Ltd

Wyngates, Blofield, NR13

01603 950204 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 stations

  • Brundall (1.3 mi)
  • Brundall Gardens (1.7 mi)
  • Lingwood (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Norfolk Homes Ltd

Wyngates, Blofield, NR13

01603 950204 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 Kenyon22. 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 Norfolk Homes Ltd. 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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