Rackheath, Rackheath, Norwich, Norfolk, NR13

SHARED OWNERSHIP.

VIEWINGS CAN BE ARRANGED IN ADVANCE.

We are delighted to offer this exciting opportunity to buy this brand new, 2 bedroom house on a Shared Ownership basis. The full market value of £302,500 is available to purchase from a 30% share with a deposit of £4,537. (other shares available) Call now to register your interest.
• 2 Parking Spaces
• Good transport links
• Desirable semi – rural location.

This attractive 2 bedroom new home has been designed with style, comfort and efficiency in mind. Finished to a high quality throughout the property comprises a kitchen/diner to the front of the property with a hallway that leads to a sitting room that overlooks and opens out to the garden. Downstairs also includes a WC. Once upstairs you are greeted by a master bedroom and a further bedroom as well as a family bathroom with bath. This new home is further complemented externally by a garden and 2 parking spaces.
Set within a beautifully laid out development that offers an ideal mix of brand new homes within a welcoming, family friendly, community setting. Nestled on the outskirts of Norwich, Rackheath, strikes the perfect balance between countryside and city living with its idyllic semi rural location of vast open green spaces and mature woodland coupled with easy access into Norwich.
Rackheath is an area with an extensive and interesting history. The local war memorial was erected to honour the village’s more recent history, previously being home to the closest airfield during the second world war within Britain to Germany.
The development is well placed to enjoy the close by Norfolk Broads and much admired Norfolk coastline whilst providing all essential amenities on the door step as well as a range of schools within walking distance. Rackheath is perfectly situated less than 5 miles out of the beautiful medieval city of Norwich. An exceptional city steeped in history with echoes of the past prominent in its cobbled streets, ancient buildings, magnificent castle and The River Wensum than winds through at the heart of the city.
Well known as boasting one of the largest outdoor markets in the UK, a large part of Norwich’s charm is its vibrant mix of flourishing independent businesses from market stall to boutiques. Further there is no shortage of well known high street names as well as an abundance of restaurants, pubs and bars. Previously voted one of the best small cities in the world by The Sunday Times, Norwich is also much loved for its theatre, arts and live music scene.
In way of travel, the development benefits further from good transport links. The A47 and A11 are only a short drive away. Whilst Norwich station is only 5 miles away and offers links to the centre of London. For travel further afield Norwich International Airport is approximately a 10 minute journey.

Financial Breakdown:
Full market value: £302,500
30% share value £90,750
5% deposit: £4537.50
Rent charged on un-owned share: 2.75%
Rent on un-owned share (70%) £485.26
Estimated monthly service charge: £21

What is Shared Ownership?
If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% 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.



*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change.