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2 bedroom terraced house for sale
Hubbards Loke, Norwich
£105,000
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 shared ownership property in Lenwade offers a unique opportunity to purchase a 50% share of a well-presented three-bedroom terrace home. 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 garden. The property is located on a modern development with ample outside space and is within walking distance to local amenities. The 50% share is priced at £105,000, and a monthly rent of £275.86 is paid in addition to the mortgage, which includes service charges and buildings insurance. The property is on a 99-year lease from 2014, and buyers must meet certain criteria to be eligible for shared ownership, including annual income of less than £80,000 and not being a current homeowner.