Edward Benefer Way, PE30

We are excited to be offering 3 bedroomed houses for Shared Ownership in the village of South Wootton. These houses are due for phased completions commencing Spring 2025 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, utility room and separate lounge and patio doors into the rear garden. To the first floor, there are two double bedrooms, one with en suite and one single bedroom and a family bathroom. Additional benefits include allocated parking for two vehicles and an enclosed rear garden.

Education

South Wootton has its own infant school, and junior school (both OFSTED GOOD).

Transport Links

South Wootton is connected to the major cities of Norwich (via the A47) and Cambridge (via a regular train service) and less than three miles away from South Wootton is King's Lynn Railway Station providing regular trains to London Kings Cross and access to the entire national rail network.

Amenities

South Wootton has its own post office, doctor's surgery, alongside a church, a variety of village shops, social clubs, and pubs.

Why Choose Shared Ownership in Norfolk?

Shared Ownership is ideal if you're unable to buy a home on the open market - it provides the opportunity to buy a share in a property on a part buy/part rent basis, meaning you pay rent on the part you don't own.

Over time, you can then buy more shares in the property via a process known as staircasing. This can be done at any time, meaning you have complete flexibility over your own home ownership.

With Shared Ownership, deposit amounts are typically lower than purchasing a property on the open market and the combined cost of mortgage payments - plus rent - is often cheaper than privately renting in the area.

To take advantage of the Shared Ownership scheme, the following criteria must be met:

You must have a maximum annual household income of £80,000.

One of the following statements must also be true:

You're a first-time buyer
You used to own a home but can't afford to buy now
You're forming a new household - typically after a relationship breakdown
You're already part of the Shared Ownership scheme but want to move*
You own a home and want to move but can't afford the new home that meets your needs*

*if you already own a home, in order to apply for Shared Ownership, you must be Sold Subject to Contract

Homes at this development can be purchased between 10% - 75% of the property's full market value. You are able to buy more of your home through the Staircasing process, please contact us to discuss your options.