Thetford Road, Watton, IP25

SHARED OWNERSHIP Three bedroom house available to purchase from a 40% share at £102,000 with a deposit of £5,100. Maximum amount available to purchase initially is 75%. Full market value £255,000. A great opportunity to get onto the property ladder and live in this contemporary spacious three bedroom house.

The House

This house has a fantastic large living room as soon as you enter the property with stylish and modern entrance into the open plan kitchen/diner which is perfect space for entertaining. The contemporary kitchen with soft close cabinets and chrome handles, wood effect laminate worktop and upstand, stainless steel splashback to hob, Zanussi stainless steel multi function oven, hob and chimney cooker hood, stainless steel 1½ bowl sink with chrome mixer tap plus space for fridge/freezer and washing machine. Off the kitchen is a downstairs WC and access to the garden. The white bathroom suite comprises bath, WC, basin with chrome mixer tap, mirror above basin, glass shower screen to bath, thermostatic shower over bath, wall tiling to bath and splashback tiling to basin area and white heated towel rail.
Each house has an Ideal Logic 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. Externally, there are two parking spaces allocated to each home and turf to the rear garden.

Local Area

With the A11 nearby, it’s simple to connect to Newmarket, Cambridge and the M11. Or, if you’re heading North, the A1065 links you with Swaffham, Fakenham and King’s Lynn. There is a direct road from Watton to Norwich and the bus takes about an hour. There are also regular bus services to Thetford.

From Norwich there are direct rail services to Ipswich, Peterborough, Thetford, Ely, Cambridge, Nottingham and London. You can arrive at London Liverpool Street in around 1 hour 45 minutes. Norwich also has an international airport, with flights to destinations across Europe. Yet, with the countryside starting almost as soon as you step outside the front door, maybe the best
transport of all is a pair of walking boots as you explore the surrounding countryside.

Financial Breakdown

Full market value: £255,000
40% share value: £102,000
5% deposit: £5,100
Rent charged on unowned share: 2.75%
Rent on unowned share (60%): £350.63 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 apartments 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 Watton for more information