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Shared Ownership
Opportunity
Hemming Way, Norwich, NR3 2AF
A three bedroom first floor flat is available for
Shared Ownership re-sale purchase in Norwich.
50% share available for £70,000 with a monthly rent
inclusive of service charge of £284.37.
Flagship-homes.co.uk
Flagship Homes is delighted to be able to offer this three bedroom first floor flat in Norwich for Shared Ownership purchase. The accommodation comprises: Ground floor
• Communal entrance with secure door entry system. First Floor
• Entrance hall with laminate flooring. Airing cupboard and door leading to utility room with plumbing for washing machine. Central heating controller and radiator.
• Kitchen (2.72m x 2.45m) with a range of wall and base kitchen units and work surfaces with white tile splashback. Space for freestanding cooker, fridge/freezer and dishwasher. Extractor fan. Vinyl flooring. Radiator.
• Lounge (3.92m x 3.30m) with laminate flooring. Phone socket and TV socket. Radiator.
• Master bedroom (3.53m x 3.35m) with laminate flooring. TV socket and radiator.
• Bedroom 2 (3.40m x 3.12m) with carpet flooring. TV socket and radiator.
• Bedroom 3 (2.90m x 2.45m) with carpet flooring. Radiator.
• Family bathroom (2.30m x 2.00m) with bath and shower over with full length tile surround and glass shower screen. Corner shelving. Vinyl flooring. Radiator.
Additional Information
• Washing machine to be left in the property. External
• Communal garden
• Fully double glazed windows
• Driveway and garage parking Energy Performance Certificate Rating
• B
Location The property is located close by to the City Centre offering easy access by bus or by cycle paths. Within the
local area you can find shops, parks and pubs as well as nurseries, schools and a post office.
What will I pay to Flagship Homes? Full Market Value £140,000
*Based on a repayment mortgage over 25 years at 4.69% with a 5% mortgage deposit. The figures shown in the above table are a guide only. Mortgage repayments may vary depending on the particular mortgage product chosen and personal circumstances. For more detailed advice you should contact an Independent Financial Advisor. Am I eligible? You must live, work or have a family connection to the Norwich City Council area. An affordability check will be carried out and no more than 45% of your net monthly income can be used to cover the monthly payments of rent and mortgage. You must also register and be approved for the Shared Ownership scheme with Help to Buy at www.helptobuyese.org.uk How do I apply? To arrange a viewing or to apply for this property, please call Flagship Homes on 01603 255444 or email [email protected].
These particulars are set out as a general outline only for guidance of intending purchasers and do not constitute an offer or contract or any part of an offer or contract.
All descriptions, dimensions, references to conditions and necessary permission for use and occupation and other details are given having taken all reasonable steps to
avoid committing an offence. Nonetheless such statements do not constitute any warranty or representation by the Landlord. It is the responsibility of any intending
customer to satisfy themselves. The making of any offer of this property will be taken as an admission by the intending purchaser (a) that they have relied solely upon
their own judgement and (b) to the extent that they have personally verified the information in these particulars, they have noted and accepted the qualification and
disclaimer set out above and (c) that in entering into any contract pursuant to any such offer, they shall have relied solely upon their own inspection and enquiries and
the terms of such contract. Nothing in these particulars or any related discussions forms part of any contract unless expressly incorporated within a subsequent
agreement.
Share Share price Approximate Mortgage
Repayment*
Rent PCM Service charge, sinking fund,
buildings insurance & admin fee PCM
Approximate total monthly payment*
50% £70,000 £377 £247.60 £36.77 £661.37
For more information, contact Flagship Homes on: E: [email protected] T: 01603 255444 W: www.flagship-homes.co.uk/sharedownership
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