£91,000 /Sale price

SHARED OWNERSHIP Two bedroom semi detached house available to purchase a 35% share at £91,000, maximum amount available to purchase initially is 75%. Full market value £260,000. These superb two-bedroom semi-detached new homes have been expertly designed with style, comfort, and energy efficiency at their core. Built to an exceptional specification throughout, each home is ready for you to move straight in and start enjoying modern living from day one.Inside, you'll find beautifully finished interiors featuring soft carpets to the hallway, bedrooms, and living areas, complemented by wood-effect vinyl flooring in the kitchen and bathrooms. The thoughtful layout offers bright, spacious living spaces ideal for relaxing, entertaining, and family life.Location:Nestled just 8 miles south of King's Lynn and close to the market town of Downham Market, Watlington is a charming Norfolk village offering the perfect blend of countryside living and modern convenience.The village benefits from a mainline rail link to King's Lynn, Cambridge, and London King's Cross, ideal for commuters and weekend getaways. Local amenities include a doctors' surgery with pharmacy, a well-regarded primary school, post office, village store, social club, and a welcoming pub with restaurant. Residents also enjoy a traditional fish and chip shop and the historic Church of St Peter and St Paul, adding to the village's character and sense of community.Whether you're looking for a peaceful retreat or a well-connected base, Watlington offers an exceptional lifestyle in a sought-after location.Freebridge Community Housing are offering a unique opportunity to live in Watlington through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is require to buy outright or with other buying schemes.Financial BreakdownFull market value: £260,00035% share value: £91,000Rent charged on the unowned share: 2.75%Rent on unowned share (65%) : £387.29per monthAgent's Note: Plots 5 & 6 are subject to a shared ownership staircasing restriction, with a maximum ownership cap of 80%.What is Shared Ownership?If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 10% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.Please contact Abbotts Downham Market to see if you qualify for shared ownership.Agent notePlease note the listing price shown of £91,000 is a 35% share (total open market value being £260,000) £387.29pcm is payable on the remaining share. This property can be purchased at a minimum share of 10% and a maximum of 75% first tranche. Purchasers can staircase up to 100% (excluding Plots 5 & 6 where you can only staircase to 80% ownership, fees may apply). Rent will be payable on the remaining share (for example; a 25% share will equate to £466.88 per month, a 75% share will equate to £148.96 per month). The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification. Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.*Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change. Please ask the branch for further details. Property is available handed too so the description may vary as handed.