Hubbards Loke, Norwich 2 bed terraced house for sale

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Hubbards Loke, Norwich 2 bed terraced house for sale

Hubbards Loke, Norwich
£105,000

Our Summary

  • There is potential to increase your share in the future through a process called staircasing with the rent adjusted to reflect this

Description

This well-presented shared ownership property in Lenwade is offered for sale on a 50% share basis, with a remaining 50% owned by the housing association. The property features a spacious entrance hall, cloakroom, kitchen, lounge/diner with French doors to the rear garden, and two double bedrooms with fitted wardrobes. The property also benefits from two parking spaces and a low-maintenance enclosed garden. The rent of £275.86 per month includes service charges and buildings insurance, and the property is on a 99-year lease from 2014. The shared ownership scheme allows buyers to purchase an initial percentage of the property and pay a reduced rent on the remaining share, with the option to increase their share in the future through a process called staircasing. To be eligible, buyers must register with the local help to buy agent and meet certain criteria, including an annual income of less than £80,000 and not being a current homeowner.