2 bed semi-detached house for sale

Narley Field Road, Manuden, Nr Bishop's Stortford, Essex CM23

Forming part of an attractive new development in the popular village of Manuden, Plot 9 is a well-proportioned two-bedroom semi-detached home offering approximately 883 sq ft of accommodation, available to purchase through a shared ownership scheme.

The ground floor is arranged around a spacious open-plan kitchen, living and dining area, providing a versatile space for everyday living and entertaining. The kitchen is positioned towards the rear of the property, with the living and dining areas offering plenty of flexibility for furniture arrangements. A useful ground-floor cloakroom completes the accommodation on this level.

Upstairs, there are two generously proportioned double bedrooms, together with a family bathroom.

Outside, the property benefits from a rear garden and parking for two cars.

Plot 9 offers an opportunity to purchase a newly built home in an established village setting, with an initial 40% share available at £160,000 and a monthly specified rent of £550 payable on the remaining equity.
Shared ownership information

The property is available through a shared ownership scheme operated by English Rural Housing Association.

The advertised price represents a 40% share of the property, with a monthly specified rent payable on the remaining equity.

Purchasers may be able to acquire a higher initial share, subject to eligibility and affordability assessments undertaken by English Rural Housing Association.

The property will be sold with a 990-year lease. Staircasing is permitted up to a maximum ownership of 80%, with English Rural Housing Association retaining the freehold.

Applications will be assessed by English Rural Housing Association, followed by an affordability assessment to determine the share available to purchase.

The homes are being allocated on a first come, first served basis, subject to affordability requirements. The monthly service charge for all properties will be set at £21.35, there will also be a monthly buildings insurance charge set at £20.25 for 2 bedroom properties and £24.50 for 3 bedroom properties.

Manuden is a very popular and attractive North West Essex village with local facilities including a school, inn and garage and is situated approximately 3 miles north west of Bishop’s Stortford where extensive amenities are available. The mainline station at Bishop’s Stortford provides a regular train service to London's Liverpool Street, and access to the M11 is approximately four miles from the village.