Terraced house for sale in Brick Kiln Road, Fakenham NR21

Shared ownership (Advertised price represents 40% share. Full market value £260,000). A great chance to buy a three-bedroom, shared-ownership family home. This recently-constructed and smartly-presented property has a ground-floor cloakroom, a good-sized reception room and a spacious kitchen/dining room. Patio doors open onto the neatly-kept, south-east-facing rear garden. On the first floor of the house is a main bedroom with en-suite shower room plus a second comfortable double bedroom, a smaller third bedroom and a naturally-lit bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. Brick Kiln Road is part of a development on the semi-rural outskirts of Fakenham. The town centre is within walking distance or a brief cycle ride and Holkham's sandy beach and national nature reserve are only a half-hour drive away (Google Maps). A driveway, which can be accessed either from the road side or via a path from the rear garden, provides off-street parking space for two cars. Fakenham Infant and Nursery School, Fakenham Junior School and Fakenham (Secondary) Academy are all Ofsted rated 'Good'.

Interested parties are required to complete the shared ownership common application form

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(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 24/06/2020).
Minimum Share: 40% (£104,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £407.15 per month (subject to annual review).
Service Charge: £44.33 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,600 Single - £35,800 (based on minimum share and 10% deposit).
Council Tax: Band B, North Norfolk District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Ground Floor

Entrance Hallway

Cloakroom

Living Room
16' 5" max. X 10' 5" max. (5.00m x 3.17m)

Kitchen / Dining Room
16' 11" x 9' 2" (5.16m x 2.79m)

First Floor

Landing

Bedroom 1
10' 9" x 10' 3" (3.28m x 3.12m)

En-Suite Shower Room

Bedroom 2
11' 8" max. X 10' 2" max. (3.56m x 3.10m)

Bedroom 3
8' 9" max. X 8' 2" max. (2.67m x 2.49m)

Bathroom