2 Bed Flat For Sale

SHARED OWNERSHIP Two bedroom apartment available to purchase at a 75% share at £172,500 with a deposit of £8,625. Maximum amount available to purchase initially is 75%. Full market value £230,000. A great opportunity to get onto the property ladder and live in this contemporary spacious two bedroom apartment.

Set on the outskirts of Norwich, close to the River Yare, just at the point where the streets give way to the open fields and big skies of the Norfolk countryside, the new community of homes at Broadland Fields offers the perfect place to put down roots in a home of your own.

The homes at Broadland Fields are perfectly placed to benefit from a range of nearby amenities, including pubs, restaurants and sports clubs, as well as an excellent choice of schools within easy travelling distance. Locally there’s a brand new Lidl nearby for all your essential shopping and Norwich town centre is less than 15 minute drive away. Whether you’re heading into Norwich for a big night out, or cruising gently in a boat along the Norfolk Broads, this is a location that offers the best of town and country.

Legal & General Affordable Homes is offering a unique opportunity to live at Broadland Fields through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is required to buy outright or with other buying schemes.

Financial Breakdown

Full market value: £230,000
75% share value: £172,500
5% deposit: £8,625
Rent charged on unowned share : 2.75%
Rent on unowned share (25%) : £131.77 per month

What is Shared Ownership?

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

About Legal and General Affordable Homes

Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.

Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing.