Shared Ownership in Thurston, Suffolk. 3 bedroom Semi-Detached House

  • £315,000

    Equity share: 50% / £157,500

Nuts Pightle
For Sale Shared Ownership

Shared Ownership in Thurston, Suffolk. 3 bedroom Semi-Detached House

Nuts Pightle
  • £315,000

    Equity share: 50% / £157,500

Property Overview

  • Semi-Detached House
  • Property Type
  • 3
  • Bedrooms
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £157,500 with a 50% share!

A well presented semi detached family home with accommodation that includes a spacious living room, kitchen/diner, ground floor cloakroom, three bedrooms (en suite to bedroom one) and bathroom. Externally is off road parking and an enclosed rear garden.

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 Nuts Pightle and the A14 dual carriageway is within a short drive which links the east coast ports, Newmarket, Cambridge and London via the M11 motorway.

PRICING & AFFORDABILITY

Full Market Value: £315,000

50% Share Price: £157,500 (rent £481.93pcm)
Minimum 5% Mortgage Deposit (50% share): £7,875
Approximate Service Charges: £58.81pcm*
Shared Ownership Lease: approx. 997 years
Council Tax Band: C

ELIGIBILITY

Shared 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.

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.

*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.

Property Address

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  • Address Nuts Pightle
  • City Thurston
  • County Suffolk
  • Postal Code IP31 3FP

Details

Updated on June 19, 2024 at 10:54 am
  • Property ID: MS-125758
  • Rental Amount Per Month: £482/Month
  • Bedrooms: 3
  • Bathroom: 1
  • Property Type: Semi-Detached House
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 58.81
  • Value Of The Equity Share: 50% / £157,500
  • Overall Property Value: £315,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 997

Contact SOWN about: Shared Ownership in Thurston, Suffolk. 3 bedroom Semi-Detached House

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