Rugby Way
- Brand new two bedroom semi-detached house
- Off road parking
- Two double bedrooms
- Integrated modern kitchen / dining area
- Privately enclosed garden with patio
- 10 year new homes warranty
- Years remaining: 0 years
- Current ground rent: £0
- Ground rent review period: Contact branch
- Annual service charge: £64
- Ground rent increase: Contact branch
Council Tax Band: Contact branch
Tenure: Leasehold
The development benefits from two and three bedroom shared ownership properties for sale, from 25% to 75% available to purchase, paying rent on the remaining share.”
Saffron Housing Trust is a housing association based in South Norfolk with over 6,500 homes in Norfolk, Suffolk and across East Anglia.
Directions
SAT NAV: NR18 0FL , continue on Lavender Road to enter the Lavender Meadow siteLocation
Located within the popular market town of Wymondham, the property has a very good range of everyday local amenities including shops, library, and leisure centre and doctors surgery. Approximately 10 miles south- west of Norwich and with access to the A 11. Wymondham is fortunate to have a railway station with direct trains to both Norwich and Cambridge as well as good bus links.Entrance Hall
Door to front aspectCloakroom
This has a WC, wash hand basin, tiled splashbacks and extractor fan.Lounge
17' 6" x 10' 7" ( 5.33m x 3.23m )There is a window to the rear aspect with French doors leading to the rear garden, telephone point and radiator.
Kitchen
Front aspect double glazed window, brand new fitted kitchen with a range of wall and base units with granite effect work surfaces above, stainless steel sink and drainer, tiled flooring, , integrated appliances including fridge/freezer, washing machine ,single oven and ceramic hob with extractor fan.Landing
Doors leading to all bedrooms and family bathroom.Bedroom 1
14' 11" max. x 11' 1" ( 4.55m max. x 3.38m )Bedroom 1 has built in wardrobes, television point, radiator and two windows to the rear aspect.
Bedroom 2
13' x 9' 9" ( 3.96m x 2.97m )There is windows to front and side aspect, radiator and a television point.
Family Bathroom
This has a WC, wash hand basin bath with mixer taps and shower over, a heated towel rail and window to front aspect.Front Garden
This is a brick weave driveway with parking for up to two vehiclesRear Garden
The rear garden has a paved patio area and side access gate. Saffron Housing will turf the rear gardenAgents Note
Please note the listing price shown of £108,000 is a 40% share (total open market value being £270,000). This property can be purchased at a minimum share of 25% and a maximum of 75%. Purchasers can staircase to 100% ownership (fees may apply). Rent will be payable on the remaining share (for example; a 25% share will equate to £464.06 per month, a 40% share will equate to £371.25 per month and a 75% share will equate to £154.69 per month). The % share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification. Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.A holding fee of £500 will be taken at point of acceptance and deducted from the final amount. Should you decide to withdraw after acceptance, administration fees may apply.
Images used are for illustrative purposes only.
PLEASE NOTE; VIEWINGS AVAILABLE BY APPOINTMENT ONLY. ALL APPLICATIONS WILL BE SUBJECT TO STRICT FINANCIAL QUALIFIATION CRITERIA & ID CHECKS.
Please refer to the Key Information document, Key Information about Shared Ownership and summary of costs for more in depth detail. All items available on request from Sales Representatives.
Buyers are responsible for their own bills.
Agents Note
Please note that the photos used are of a different plot on the same development and are for reference only.Costs
Service charge listed are current estimates:Estates Charge - £63.78 per annum for each home (reviewed annually)
Buildings Insurance - £50 per annum (reviewed annually)
Rent at 40% share = £371.25 (reviewed annually)
Lease Term: 990 years
Landlord: Saffron Housing Trust, Long Stratton
Eligibility
A person or persons in need of accommodation who are unable to buy on the local market determined in accordance with the following:You can apply to buy the home if both of the following apply:
> Your household income is £80,000 or less
> You cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
Further eligibility criteria must be met, successful applicants will have a financial assessment arranged by Saffron Housing, at no cost to the buyer(s).
Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.