Plot 149 – 2 Bed Semi-Detached, Sorrel Grove, Cringleford

Final 2 bedroom houses available | A range of integrated appliances | Two parking spaces | Available with a 5% deposit from just £5,550

Highlight, The Affordable Homes Agency, working with Legal & General's Affordable Housing Division (L&G), is pleased to present this 2 bedroom Shared Ownership home at Sorrel Grove, Cringleford.

Property Overview

Plot 149 is a semi-detached 2 bedroom house that features open plan living, a range of integrated appliances, two double bedrooms, a private garden and two parking spaces.

Located in the sought-after village of Cringleford, Sorrel Grove benefits from all the peace and quiet of the countryside only 5 miles from the city centre.

This home is available to purchase through Shared Ownership from a 40% share.

Financial Breakdown

• • Full Market Value: £277,500

• • 40% Share Value: £111,000

• • 5% deposit of 40%: £5,550

• • Rent on unowned share: £382 per month

• • Service Charge: £76.75 per month

• • Estimated monthly cost based on purchasing a 40% share: £1,066*

• • Council Tax: TBC*

**Monthly costs based on purchasing a 40% share with a 5% deposit and a 25 year mortgage with a 4.75% interest rate. Includes monthly rent on unowned share (60%) and service charge.

About Sorrel Grove

The village itself dates back to Saxon times and has many essentials right on your doorstep including a Tesco Express, a village school, local Gp surgery, fitness, football, cricket and tennis facilities. The city centre of Norwich is nearby, making this the perfect balance of town and country.

If you'd prefer to get away from it all, the beautiful Norfolk Broads are under 25 minutes away. Whether it's boating, fishing or walking, this is the ideal place to escape the trappings of modern life, wind down and relax by the water. Alternatively, take a trip to breathe the fresh sea air in the Norfolk Coast Area of Outstanding Natural Beauty.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit.

Local Area

Getting into the centre of Norwich couldn't be easier from your new home at Sorrel Grove. The charming, cobbled streets provide everything from your daily essentials to high street names and even a selection of unique antique treasures.

Foodies will love the endless mouth-watering flavours from the diverse variety of restaurants, or if you're looking for a little culture, you can spend the day admiring the spectacular architecture and rich history of Norwich Cathedral and Norwich Castle, home to the museum and art gallery.

The nearby A47 connects you to the Broads and Great Yarmouth in one direction or Dereham and King's Lynn in the other. The A11 is also handy, linking you to Thetford and the rest of East Anglia. It joins the M11 at a junction just south of Cambridge and from there, it is a straightforward drive down to London and the M25.

Norwich has a major rail station, giving you the choice of regular services to excellent transport links to Ipswich, Colchester, Chelmsford, Thetford, Ely, Cambridge and London. You are also nearby to Norwich's own airport, with regular flights to destinations across Europe. Yet, with so much beautiful countryside to explore on your doorstep, perhaps the most important form of transport when you move in at Sorrel Grove, will be your bicycle or walking shoes!

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 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.

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.

Eligibility Criteria:

• • Have a combined household income under £80,000

• • Not own a property, or part of a property, at the time of completing on your purchase

• • Be unable to purchase a suitable home to meet your housing needs on the open market

• • Have a minimum of £5,000 to cover the costs of buying a home

• • Priority will be given to applicants with a living or working connection to South Norfolk Local Authority

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

*Council Tax: TBC

Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

Please note interior images are CGI representative of a 2 bedroom house at Sorrel Grove.