Gillion Close, Rackheath, Norwich, Norfolk, NR13 6UL

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-maintained shared ownership resale two bedroom home at Gillion Close, Rackheath, Norwich. The price shown represents purchasing a 45% share of the property.

Property Overview

Situated within a popular modern development in Rackheath, this well-presented two bedroom home offers an excellent opportunity to step onto the property ladder through Shared Ownership.

The ground floor has been thoughtfully designed to maximise space and functionality, comprising a welcoming entrance hall, convenient cloakroom/Wc and a spacious open plan kitchen, living and dining area extending the full length of the property. The contemporary fitted kitchen flows seamlessly into the living space, creating a bright and sociable environment that is perfect for everyday living, entertaining guests or relaxing with family.

Upstairs, the property offers two generously sized double bedrooms and a modern family bathroom finished to a high standard.

Externally, the home benefits from a private enclosed rear garden, providing an ideal space for outdoor dining and relaxation, together with two allocated parking spaces offering everyday convenience.

Financial Breakdown

• Full Market Value: £260,000
• 45% Share Value: £117,000
• Rent on unowned share: £388.49 per month
• Estate Charge: £10.61 per month
• Buildings Insurance: £13.30 per month
• Management Fee: £40.91 per month
• Total Monthly Payment (excluding rent): £64.82 per month
• Lease Length: Approximately 246 years remaining

Local Area

Located in the popular village of Rackheath, just five miles north-east of Norwich city centre, the property enjoys the perfect balance of village living with excellent access to the city. Rackheath offers a range of everyday amenities, including a village shop, primary school, community facilities and green open spaces, with a wider selection of supermarkets, retail parks and leisure facilities available nearby.

Norwich provides an extensive choice of shopping, restaurants, cafés, entertainment venues and cultural attractions, while the nearby Norfolk Broads offer beautiful countryside, walking routes and waterside recreation.

Excellent transport links are available via the nearby A1270 Northern Distributor Road, providing easy access to the A47 and surrounding towns and villages. Salhouse and Norwich railway stations offer regular services across Norfolk and direct connections to Cambridge and London Liverpool Street, making the location well suited to commuters and those looking to enjoy both city and countryside living.

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%. Deposits and mortgage payments are based on the share purchased, meaning costs are often lower than buying outright or renting privately.

Legal & General Affordable Homes is a Registered Provider delivering Shared Ownership homes and committed to creating well designed communities and supporting buyers throughout their home buying journey.

Eligibility Criteria

To be eligible for Shared Ownership, you will need to:

• Have a combined household income under £80,000 per annum.
• Not already own a property, or part of a property, at the time of completing your purchase.
• Be unable to purchase a suitable home to meet your housing needs on the open market.

This resale opportunity offers a chance to buy an established home through the Shared Ownership scheme, providing a more affordable and flexible way to get onto the property ladder.

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent is payable on the share not owned, along with any applicable service charges and other outgoings. Staircasing is subject to a valuation at the time of purchase and additional legal and valuation costs may apply. Priority may be given to applicants with a local connection. All information provided is for guidance only and does not form part of any contract.