3 bed detached house for sale

Myrtle Lane, Red Lodge IP28

A well presented 3 bedroom detached home with excellent transport links to both Newmarket and Bury St Edmunds. The accommodation comprises an entrance hall, living room opening onto the rear garden, a modern kitchen/dining room, cloakroom and a family bathroom. External features include an enclosed rear garden and a driveway to the side providing off-road parking. The property is initially offered as a 50% shared ownership property, with an opportunity to purchase a higher percentage, please call the office to discuss this further.

Entrance Hall

With entrance door, stairs to the first floor, built-in storage cupboard.

Cloakroom

With a low level WC, hand wash basin, double glazed window to the front aspect.

Kitchen/Dining Room

With a range of wall and base mounted units with rolled edge worktop surfaces, stainless steel sink, space and plumbing for washing machine and dishwasher, built-in oven and gas hob with extractor hood over, tiled splashbacks, recessed ceiling spotlights, radiator, double glazed bay window to the front aspect.

Living Room

With a radiator, built-in storage cupboard, double glazed window to the rear and French doors opening onto the rear garden.

First Floor

Landing

With airing cupboard.

Bedroom 1

With a radiator, double built-in storage cupboard and a double glazed window to the front aspect.

Ensuite Shower Room

With a shower cubicle, low level WC, heated towel rail, hand wash basin.

Bedroom 2

With a radiator and a double glazed window to the rear aspect.

Bedroom 3

With a radiator and a double glazed window to the front aspect.

Bathroom

With a side panelled bath, hand wash basin, low level WC, heated towel rail, radiator, double glazed window to the rear aspect.

Outside

To the rear of the property is an enclosed garden mainly laid to lawn with a patio seating area, timber shed and gated access to the front.

To the side of the property is a brick weaved driveway providing parking for 2 vehicles.

Sales Agents Notes

Tenure - Leasehold
Length of Lease - 120 years remaining
Annual Service Charge – £438.24 (Buildings insurance)
Monthly Shared Ownership Rent (50% share) - £426.89
Service Charge Review Period - Annually

The full market value is £310,000 there is an option to purchase a higher percentage if desired, up to 100% full ownership. If you buy a larger share, you'll pay less rent.

To be eligible to purchase, buyers can not earn more than £80,000 annually or own another property. If they are selling, they are only proceedable once they are sstc with a complete chain. Also, you must have a local connection either through residency, work or family.

For more information on this property, please refer to the Material Information Brochure on our website.