2 bed semi-detached bungalow for sale

Windmill Way, East Harling, Norwich NR16

Summary
>> 30% shared ownership home* Plot 14 is a brand new 2 bedroom semi-detached bungalow benefiting from a contemporary kitchen with integrated appliances, two double bedroom, enclosed rear garden and off-road parking for two vehicles!

Description
We are delighted to welcome to the market this brand new shared ownership bungalow, built by Flagship Homes and offered for sale at a 30% share. This popular development is conveniently located within easy walking distance of village amenities, including the social club, playing field, convenience store and bus stop.

This attractive two-bedroom semi-detached bungalow benefits from a driveway providing off-road parking for two vehicles, along with an enclosed, mainly lawned rear garden.

Internally, the well-designed accommodation comprises an entrance hall, a contemporary spacious kitchen/lounge/dining area. There are two well-proportioned double bedrooms and a modern family wet room, all arranged over a single level for ease of living.

Register your interest now, as demand is expected to be high for this appealing home, offered on a shared ownership basis with the opportunity to staircase up to 80%. Available to purchase from 25-75%, with an 80% staircasing restriction.

Kitchen/Dining/Living Room 23' 10" x 15' 4" ( 7.26m x 4.67m )

Bedroom One 12' 1" x 10' 8" ( 3.68m x 3.25m )

Bedroom Two 12' 11" x 9' 1" ( 3.94m x 2.77m )

Wet Room 7' 3" x 6' 5" ( 2.21m x 1.96m )

Agent Notes
Please note the listing price shown of £87,000 is a 30% share (total open market value being £290,000). The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 25% share, the share purchase price will be £72,500 and the rent will be £498.44 a 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 assessment.

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord. If you reach 80% ownership, being the maximum allowed on this home, rent will always be payable on the 20% share that you don't own.

You'll need to pay a reservation fee £500 to secure your home. When you pay the fee, no one else will be able to reserve the home. The reservation fee secures the home for 14 days If you buy the home, the fee will be taken off the final amount you pay on completion. If you do not buy the home, the fee is not refundable.

Buyers are responsible for their own bills.

Please note; all applications will need to be financially qualified & produce identification.

Please refer to the Key Information about the home document, Key Information about Shared Ownership and summary of costs for more in depth detail.

Agent Notes
Charges listed are current estimates:

Buildings Insurance - £31.74 pcm
Service Charge - £4.76 pcm
Lease Term: 990 years
Landlord: Flagship Homes

Eligibility
A person or persons in need of accommodation who are unable to buy on the local market determined in accordance with the following:

You can apply to buy the home if both of the following apply:
> your household income is £80,000 or less
> you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:
> you're a first-time buyer
> you used to own a home but cannot afford to buy one now
> you're forming a new household - for example, after a relationship breakdown
> you're an existing shared owner, and you want to move
> you own a home and want to move but cannot afford a new home for your needs

Agent Notes
You can apply to buy the home if both of the following apply:

>your household income is £80,000 or less, and
>you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

>you're a first-time buyer
>you used to own a home but cannot afford to buy one now
>you're forming a new household - for example, after a relationship breakdown
>you're an existing shared owner, and you want to move
>you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Also, you must have a local connection to Breckland either through residency, work or family.

A local connection for this home is defined as: You must live, work or have family within the Breckland District Council area.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.