Long Gilberts Road, Bury St. Edmunds, IP30

The Property
Set in the popular village of Elmswell, this well presented two-bedroom end of terrace home offers bright, practical living space with the added bonus of off-road parking. With a welcoming feel throughout and a layout designed for modern day living, this is a home that’s ready to move straight into.

Inside, you’ll find a comfortable living room with plenty of natural light, alongside a well-kept kitchen and dining space that works perfectly for busy mornings, family meals, or catching up with friends.

Upstairs, there are two bedrooms and a family bathroom, offering flexible space for growing households, home working, or visiting guests.

Outside, the property benefits from off-road parking and an enclosed rear garden, ideal for relaxing, entertaining, or enjoying a bit of outdoor space without too much upkeep.

Elmswell remains a popular choice thanks to its strong sense of community, handy local amenities, well-regarded schooling, and convenient transport links, including a railway station with connections towards Bury St Edmunds, Ipswich and beyond.

Location
Nearby:
Local shops, cafes and everyday amenities within easy reach.
Railway station with links to Bury St Edmunds and Ipswich.
Well-regarded schools nearby.
Easy access to the A14.

General Information
This is a Shared Ownership Property with Orbit Housing.  The property is available for 100% purchase from a RICS valuation of £240000 STC.   The property is also available for Shared Ownership and the current owner has 40%.

The payable monthly property charge to Orbit is £481.83 and the breakdown is £429.87 Rent, £15.19 Insurance and £36.77 Service Charge.  For the assignment Orbit will need to approve the buyer and their mortgage offer (if applicable) to comply with the lease.

Prospective Shared Ownership purchasers will also be required to meet criteria and be considered by Orbit Housing:
Home Ownership Services on or Homeownership.

Their criteria includes
• The household earns £80,000 a year or less (or £90,000 a year or less in London)
• They are first-time buyers (or used to own a home but cannot afford to buy one now. Existing
shared owners are required to have disposed of their existing shared ownership home at the
point of purchase.)
• They are aware that shared ownership properties cannot be sub-let and must be the
leaseholder’s primary residence.

Any prospective purchasers of your share would still need to be eligible for Shared Ownership and they will be able to access an online eligibility checker on the Government Website for guidance:

Property ownership information

Tenure: Shared ownership

Percentage share owned: 40%

Additional monthly rent: £429.87

Ground rent review period: Every 1 year

Service charge review period: Every 1 year

Lease end date: 30/03/2147

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.