Caddow Close, Dereham, Norfolk

Shared Ownership

This superb modern home is available to buy from as little as £123,750 with a 45% share!

Discover a beautifully presented modern home in a peaceful Dereham cul-de-sac, offering contemporary living in a convenient location. This attractive semi-detached property welcomes you with smart kerb appeal, a neat frontage and a sense of privacy, making it ideal for anyone seeking a move-in-ready home. Inside, the ground floor features a bright, open kitchen and dining area designed for both everyday living and entertaining. The layout flows effortlessly into a spacious reception room, creating a warm, sociable atmosphere. Large windows allow natural light to fill the space, enhancing the home’s clean, modern feel. A handy cloakroom adds further practicality to the ground floor.
Upstairs, you’ll find three comfortable bedrooms arranged around a central landing. The main bedroom offers a generous retreat, while the additional bedrooms provide excellent flexibility for family, guests or a dedicated workspace. A stylish family bathroom completes the first floor, offering a calm spot to unwind.
The rear garden is a standout feature — fully enclosed, private and backing onto greenery for a relaxing, natural outlook. There is ample lawn space along with gravel borders, making it ideal for outdoor dining, children’s play or simply enjoying the sunshine.
With allocated parking and a location close to local amenities, schools and transport links, this home is perfectly suited to modern lifestyles. It offers the ideal balance of comfort, convenience and contemporary style.

Situated in a quiet residential pocket of Dereham, the home enjoys the best of both convenience and community. Nearby, you’ll find a range of everyday amenities including supermarkets, cafés, pubs, independent shops and leisure facilities, all within easy reach. The area is well served by schools and green spaces, making it particularly appealing for families. Transport links are excellent, with regular bus services connecting you to Norwich, local towns and surrounding villages, while major road routes are close by for straightforward commuting. This location offers a harmonious blend of tranquillity and accessibility, perfect for modern living.

PRICING & AFFORDABILITY

Full Market Value: £275,000

45% Share Price: £123,750 (rent £419.79pcm)
Minimum 5% Mortgage Deposit (% share): £6,187.50
Approximate Service Charges: £14.30pcm*
Lease: 988 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.