£136,000 /Sale price

*** VIEWING DAY ON SATURDAY 15th NOVEMBER 10am to 1pm - CONTACT US TO BOOK YOUR VISIT ***Shared OwnershipThis brand new home is available to buy from as little as £136,000 with a 40% share!Henley Gate is set on the northern edge of Ipswich, surrounded by the stunning Suffolk countryside yet only moments from the town centre. Ipswich itself is a vibrant and historic market town with over 1,500 years of heritage, offering an eclectic mix of shopping, dining, and cultural experiences. From exploring Christchurch Park and the historic Christchurch Mansion to enjoying the cafes and restaurants along the buzzing Ipswich Waterfront, there's plenty to see and do. Families benefit from excellent schools, including a brand-new primary school on the development, and access to green open spaces such as the 75-acre country park.Commuters and explorers alike will appreciate Henley Gate's excellent transport links. Ipswich Train Station is just 9 minutes away, with direct services to London Liverpool Street in as little as 1 hour 12 minutes. Convenient road connections include the A12 to London and Chelmsford, and the A14 linking to Cambridge, the Midlands, and beyond. Coastal towns like Felixstowe can be reached within 30 minutes, and Stansted Airport is just over an hour by car, making travel near and far quick and convenient.This brand new semi detached home features a kitchen/diner with a separate lounge and a ground floor cloakroom. To the first floor are three bedrooms, an ensuite to the principal bedroom and a family bathroom. Externally is allocated parking and a garden.PRICING & AFFORDABILITYApproximate Size: 922 sq ftFull Market Value: £340,00040% Share Price: £136,000 (rent £467.50pcm)50% Share Price: £170,000 (rent £389.58pcm)75% Share Price: £255,000 (rent £194.79pcm)Minimum 5% Mortgage Deposit (40% share): £6,800Approximate Service Charges: £83 pcm* Shared Ownership Lease: 990 yearsCouncil Tax Band: TBCELIGIBILITYShared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright although this is not a guarantee.At Henley Gate advertised shares start at a 50% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.To be eligible for shared ownership you would need to meet the following criteria: Your annual household income does not exceed £80,000 You have a deposit of at least 5% of the share value You do not own another property or have your name on the deeds or a mortgage for a property worldwide. This will be your only residence. You are a permanent UK resident or have indefinite right to remain.Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.