Shared Ownership
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2 Bedroom Terraced House

Bartram Close, Thurston, Bury St. Edmunds, IP31

£ 126,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Kitchen/diner
  • Two double bedrooms
  • Parking
  • Garden
  • Less than 1 mile from Thurston train station

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £126,000 with a 45% share!

Grange Park is a superb development of brand new houses for sale in Thurston, a charming Suffolk parish located within easy reach of Bury St Edmunds.

Thurston is situated approximately five miles east of the historic cathedral town of Bury St Edmunds and the village provides a good range of everyday facilities. More extensive facilities are available in Bury St Edmunds which offers an excellent range of schooling in the public and private sectors, extensive shopping facilities and a good range of leisure facilities including health clubs, swimming pools and golf clubs. Thurston train station is situated less than 1 mile from Grange Park and the A14 dual carriageway is within a short drive which links the east coast ports, Newmarket, Cambridge and London via the M11 motorway.

This brand new end of terrace home features an open plan kitchen/diner, separate living room, cloakroom, two double bedrooms and bathroom. Externally is allocated parking for 2 cars and an enclosed rear garden.

PRICING & AFFORDABILITY

Approximate Size 860 sq ft

Full Market Value: £280,000

25% Share Price: £70,000 (rent £481.25pcm)
45% Share Price: £126,000 (rent £352.92pcm)
60% Share Price: £168,000 (rent £256.67pcm)
75% Share Price: £210,000 (rent £160.42pcm)

Minimum 5% Mortgage Deposit (25% share): £3,500

Approximate Service Charges: £51.31 pcm*

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Grange Park you can buy a minimum 25% 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.

**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.

Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.

 

Call the Shared Ownership branch on 02380 820 121