off Edward Benefer Way, King's Lynn, Norfolk, PE30

We are excited to be offering 2 bedroomed houses for Shared Ownership in the village of South Wootton. These houses are due for phased completions commencing September 2024 onwards (please note this is a guide only). These properties will benefit from a 10 year build warranty.


The Development

This fabulous new development is situated in the popular village of South Wootton, only 3 miles from the Norfolk market town of King's Lynn.

South Wootton has two pubs, a local fish and chip shop and village green. It is also within easy reach of bustling King's Lynn, Norfolk's second largest town. There you will find a great selection of shops, restaurants, pubs, activities and attractions, along with all essential services including a train station and hospital.

There are also a number of local nature reserves, and beautiful coastline including the popular seaside town of Hunstanton which is only 14 miles away.

South Wootton also has good transport links to the wider area.

The Property

These properties will briefly comprise of an Entrance Hall, downstairs WC, Kitchen/Dining Room with and a modern fitted kitchen and separate lounge with patio doors into the rear garden. To the first floor, there are two bedrooms and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

Prices

**PLEASE NOTE prices are estimated based on a 35% share of the current full market valuation but are subject to change, therefore please use as a guide only until properties are released for sale and prices are updated.**

NEXT STEPS:

Please pre-register your interest for this development, we will contact you as soon as we have any further information.

Shared Ownership is a fantastic opportunity if you're an unable to purchase a home on the open market. It allows you to buy a share in a property on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. Over time you can purchase more shares in your property - this is known as 'staircasing'. This can be done at any time after initial purchase and it will reduce the amount of rent you pay as the share of the home that you do not own will have got smaller.

We will offer shares between 25-75% of the property value depending on the outcome of the affordability assessment. The higher the share you purchase, the lower your rent will be. You will need to be able to obtain a mortgage for the share you want to purchase unless you have sufficient funds to enable you to purchase a share outright. Deposit amounts will be lower than purchasing a property on the open market also the combined cost of mortgage and rent is often cheaper than privately renting in the area.

Am I eligible?

For more detailed information and your obligations in relation to shared ownership please download our 'Guide to Shared Ownership'

Shared Ownership uses the following criteria to help people to get onto the property ladder:
- Maximum annual household income of £80,000.
- Unable to purchase a home suitable for your needs.

*Please note some images are typical and should be used as a guide only

You can also follow our property updates on social media @platformhomeownership @PlatformNewHome