William Lynne Road, Outwell, Wisbech, Norfolk, PE14

LAUNCH EVENT - SATURDAY 28TH MARCH - 10:00-11:00 - STRICTLY BY APPOINTMENT ONLY

SHARED OWNERSHIP Three bedroom detached house available to purchase from a 50% share at £150,000 with a deposit of £7,500. A maximum amount available to purchase initially is 75%. Full market value £300,000.

These superb Three-bedroom new homes have been designed with style, comfort and efficiency in mind. Finished to superb specification throughout this house is fully equipped to move into straight away.

As you enter the property past the front garden through the entrance door, you will be welcomed into the spacious hallway of the property including a heavy-duty permanent entrance mat and built-in storage cupboard, doors to the WC and lounge and open plan kitchen-dining room, with stairs rising to the first floor. Entering the lounge with the window to the front aspect, the modern style kitchen/diner – perfect for entertaining is approved via the hall and is fitted with oven, ceramic hob, and space for washing machine. Double doors open to the rear garden.

As we step back into the hallway and make our way upstairs, we will be greeted to the family bathroom, the three bedrooms. The main bedroom overlooks the rear garden. The second bedroom double in size looks to the front aspect, as does bedroom three with a useful built-in over stairs storage cupboard.

Internally, the property benefits from carpet to the hallway, bedroom & living areas and wood effect vinyl to the wet areas. Externally, the property features a fully turfed garden which is accessed through double French doors off the kitchen, timber shed in the garden, off road vehicle parking, EV Charger, PV panels and a Joule Samsung air source heat pump to be as efficient as possible and carpeted throughout.

Location:
The village of Outwell offers a peaceful rural setting while still providing everyday amenities including shops, primary school, village hall, public houses, and scenic river walks. The nearby towns of Downham Market, Wisbech, and King’s Lynn offer further shopping, leisure, rail links, and schooling options.
Excellent access to the A1101 and nearby transport links makes this a practical location for commuters.

Freebridge Community Housing are offering a unique opportunity to live in Outwell through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is require buying outright or with other buying schemes.

Financial Breakdown

Full market value: £300,000
50% share value: £150,000
Rent charged on the unowned share: 2.75%
Rent on unowned share (50%): £343.75 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 10% and 75%) and pay rent on the remaining share. Later, 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.

Please contact Abbotts Downham Market to see if you qualify for shared ownership.

Agent notes:
Please note the listing price shown of £150,000 is a 50% share (total open market value being £300,000) £343.75 rent is payable per month on the remaining share. This property can be purchased at a minimum share of 10% and a maximum of 75% first tranche. Purchasers can staircase up to 100% (excluding Plots 1, 2 & 3 where you can only staircase to 80% ownership, fees may apply). Rent will be payable on the remaining share (for example, a 25% share will equate to £515.63 per month, a 75% share will equate to £171.88 per month). The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification. Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.