Turner Crescent, Postwick, Norfolk, NR13 5GJ

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this well-proportioned two-bedroom semi-detached house in Postwick, Norfolk. This Shared Ownership resale is available from a 60% share for £150,000, based on a full market value of £250,000.

Property Overview

Offering approximately 639 sq ft of accommodation across two floors, this home provides a practical layout with separate living and dining spaces, two bedrooms and useful additional ground-floor facilities.

The ground floor opens into a comfortable lounge measuring approximately 13'6” x 8'11”. To the rear is a separate kitchen/diner measuring approximately 11'11” x 7'11”, with double doors providing access outside.

A particularly useful feature is the separate utility area, providing additional space away from the main kitchen. There is also a convenient ground-floor Wc.

Upstairs are two well-proportioned bedrooms. Bedroom one measures approximately 12'0” x 9'11”, while bedroom two measures approximately 12'2” x 8'10”. A family bathroom completes the first-floor accommodation.

The property is offered on a Shared Ownership house lease with approximately 987 years remaining. The lease allows staircasing up to 100%, at which point the freehold will transfer to the homeowner.

Financial Breakdown

• Full Market Value: £250,000
• 60% Share Value: £150,000
• Rent on Unowned Share: £258.09 per month
• Service Charge: £0.00 per month
• Estate Charge: £12.90 per month
• Buildings Insurance: £18.05 per month
• Management Fee: £40.91 per month
• Reserve Fund: £0.00 per month
• Total Monthly Payment (excluding rent): £71.86 per month
• Total Monthly Rent & Charges: £329.95 per month
• Lease Length: Approximately 987 years remaining

The share purchase price is calculated using the full market value and the percentage share purchased. As this is a Shared Ownership resale, the percentage share purchased may vary depending on affordability. A 60% share is £150,000 with rent of £258.09 per month. By comparison, a 70% share is £175,000 with rent of £193.75 per month, while a 75% share is £187,500 with rent of £161.46 per month. A worked example will be provided following a financial assessment.

The rent is currently calculated at 3.10% of the value of the share retained by the landlord. Rent is reviewed annually using the Retail Price Index for the previous 12 months plus 0.5%.

Local Area

Turner Crescent is situated in Postwick, to the east of Norwich, offering a convenient location for access to the city and the surrounding Norfolk countryside.

The area is well placed for everyday amenities, employment areas and leisure facilities, while nearby road connections provide convenient access towards Norwich, the A47 and the wider Norfolk road network.

The location also offers access to the Norfolk Broads and surrounding countryside, making it well suited to buyers looking for a home within easy reach of Norwich while retaining access to more rural surroundings.

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.

This property benefits from the new model Shared Ownership arrangements. The Key Information Document confirms an initial repair period, with up to £500 per year available towards qualifying essential repairs during the first 10 years from the lease start date. There are currently eight years remaining in that period.

Eligibility Criteria

To be eligible for Shared Ownership, your household income must be £80,000 or less and you must be unable to afford the deposit and mortgage payments required to purchase a suitable home outright.

You must also meet one of the qualifying circumstances, such as being a first-time buyer, a previous homeowner who can no longer afford to buy, an existing shared owner wishing to move, or someone forming a new household. If you currently own another home, its sale must complete on or before completion of your Shared Ownership purchase. Affordability and credit assessments will also apply.

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.