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2 bedroom terraced house for sale

12 Barons Close, Fakenham

Shared ownership £54,250

Property Description

Full description

Tenure: Leasehold

Brand new 2 bedroom terraced house close to the town centre. Leasehold and part of shared ownership scheme. Price shown represents a 35% share.

12 Barons Close is a newly built 2 bedroom mid terraced house situated at the end of a cul de sac, close to the centre of the market town of Fakenham. There is accommodation briefly comprising entrance hall, cloakroom, kitchen/dining room, good size sitting room with 2 bedrooms and a bathroom upstairs. Outside, there is allocated parking and an enclosed lawned rear garden with patio.

The property is being sold leasehold as part of a local housing association shared ownership scheme allowing the purchaser to acquire an initial share of the property of 35%. The price shown represents a 35% share of the full marketing price of £155,000 and further shares in the property will be available to purchase up to 100%. Victory Housing Trust will retain the remaining share on which a monthly rent will be payable equal to 2.75% per annum. On the initial purchase of a 35% share, a monthly rent will be payable of £230.89 and a monthly service charge is also payable (currently £16.21 for the 2017/18 year).

Buyers will need to register with Help to Buy and complete a Shared Ownership Application Form which is available from Belton Duffey.

Fakenham is often referred to as the “gateway” to North Norfolk. On the banks of the River Wensum and nestling between the historic city of Norwich and the medieval port of King’s Lynn, Fakenham is also only a short drive to the beautiful North Norfolk coastline some 11 miles away.

Once renowned for its successful printing industry, Fakenham is now better known for Norfolk’s only national hunt racecourse and its popular weekly markets, flea market and public auctions in the local sales room. People come from far and wide on market and race days transforming the central marketplace. Fakenham boasts several supermarkets, library, doctors’ and dentists’ surgeries, a good selection of restaurants, bowling alley, cinema and infants’, junior and high school with 6th form college. Surrounding areas are all well serviced by bus routes with direct rail links to Cambridge and London from King’s Lynn and Norwich.

Property ref: 121_960_4581388

More information from this agent

Listing History

Added on Rightmove:
20 August 2018


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