George Close, Postwick, Norwich, NR13 5GP

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this spacious four-bedroom detached house in Postwick, Norwich, available through Shared Ownership. The price shown represents purchasing a 30% share of the property, based on a full market value of £380,000.

Property overview

This generously proportioned four-bedroom detached home offers approximately 1,402 sq. ft. (130 sq. m.) of accommodation arranged over two floors, providing a practical and versatile layout ideally suited to modern family living.

The ground floor opens into a welcoming entrance hallway, providing access to the main living accommodation.

To the rear of the property is a spacious living room, measuring approximately 16'1” x 10'10”. With double doors opening directly onto the rear garden, the room benefits from natural light and provides an inviting space for relaxing, entertaining and spending time with family.

The separate kitchen and dining room measures approximately 19'7” x 9'4”, offering plenty of space for everyday cooking and family dining. The generous proportions allow for a dining table, making this a practical and sociable area of the home.

A separate utility room, measuring approximately 9'5” x 5'6”, provides additional space for laundry and household storage, helping to keep the main kitchen organised.

The ground floor also benefits from a convenient downstairs Wc and internal access to the integral garage, measuring approximately 18'5” x 7'10”. The garage provides valuable additional space for parking or storage, subject to individual requirements.

Upstairs, the property offers four bedrooms, providing excellent flexibility for growing families, guests or those working from home.

The principal bedroom measures approximately 13'10” x 9'1” and benefits from its own en-suite shower room.

Bedroom two is a well-proportioned double room, measuring approximately 11'2” x 10'6”, while bedroom three offers a generous layout measuring approximately 15'4” x 8'8”.

The fourth bedroom measures approximately 9'11” x 8'0” and could comfortably accommodate a child's bedroom, guest room or home office.

A separate family bathroom, fitted with a bath, Wc and wash basin, serves the remaining bedrooms.

With four bedrooms, two bathrooms, a downstairs Wc, separate utility room and integral garage, this property provides an excellent balance of living space, practicality and flexibility.

The property is leasehold with approximately 988 years remaining. Shared owners have the opportunity to staircase to 100% ownership, at which point the freehold will be transferred to the owner.

Financial breakdown

• Full Market Value: £380,000
• 30% Share Value: £114,000
• Rent on Unowned Share: £704.00 per month
• Estate Charge: £12.90 per month
• Buildings Insurance: £26.02 per month
• Management Fee: £40.91 per month
• Service Charge: £0.00
• Reserve Fund Payment: £0.00
• Total Monthly Payment (excluding rent): £79.83
• Lease Length: Approximately 988 years remaining

Larger shares may also be purchased, subject to affordability assessment. For example, a 40% share is £152,000 with monthly rent of £604.20, while a 50% share is £190,000 with monthly rent of £503.50.

Rent is reviewed annually in accordance with the lease, using the Retail Price Index (Rpi) plus 0.5%.

The figures above are taken from the property's Key Information Document and are subject to confirmation during the purchase process.

Local area

Postwick is a well-positioned village to the east of Norwich, offering a quieter residential setting while remaining within easy reach of the city's extensive amenities and employment opportunities.

The village provides a convenient location for those looking to enjoy a more relaxed pace of life without sacrificing access to shops, schools, transport connections and leisure facilities.

Norwich city centre is approximately six miles away and offers a wide selection of shops, restaurants, cafés and entertainment venues, alongside its historic market, cathedral and cultural attractions.

The nearby Broadland Business Park provides employment opportunities, while the surrounding area offers access to supermarkets, retail facilities and everyday services.

Postwick benefits from excellent road connections, with the A47 and A1270 Broadland Northway providing convenient routes towards Norwich, Great Yarmouth and the wider Norfolk area.

Norwich railway station offers services to London Liverpool Street, Cambridge and other regional destinations, while Norwich International Airport provides additional travel connections.

For those who enjoy the outdoors, the Norfolk Broads are within easy reach, offering opportunities for walking, cycling, boating and exploring the surrounding countryside.

With its combination of village surroundings, access to Norwich and convenient transport links, Postwick is an attractive location for families and professionals seeking a well-connected home.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility criteria

To be eligible for a home here you'll 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 on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

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.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in the sale and letting of affordable homes across the UK.

Working in partnership with Legal & General Affordable Homes, we help customers understand their options and guide them through the Shared Ownership process, from initial enquiry through to completion.

Shared Ownership disclaimer

Shared Ownership eligibility criteria applies. Images are indicative only. 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.