Drury Close
Stowmarket, Onehouse
£93,000
Tenure: Leasehold
Ref: SMK105293
- Mid terraced 2 bedroom brand new shared ownership bungalow
- A modern kitchen benefiting from appliances including a dishwasher, washing machine, fridge freezer and cooker
- Initial shared available from 10%, depending on your affordability, with staircasing up to 100%
- 10 year peace of mind with the nhbc buildmark cover
- Separate kitchen, living/dining room & storage cupboards
- Peaceful & popular hopkins homes development close to schools & amenities
- Parking for 2 vehicles read more show less
monthly mortgage estimate
Plot 90 - Stunning mid-terraced bungalow with high specification throughout and generous living spaces! SHARED OWNERSHIP with off road parking, enclosed garden and on the peaceful & popular Hopkins Homes development.
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- Years remaining: 0 years
- Current ground rent: Contact branch
- Ground rent review period: Contact branch
- Annual service charge: Contact branch
- Ground rent increase: Contact branch
- Share sold: 30%
- Rent payable: £0 per month
Council Tax Band: TBC
Tenure: Leasehold
Shared Ownership:
floor plans
in detail
Flagship Homes are proud to present a range of bungalows for shared ownership purchase at Mill Grove, Stowmarket, built in partnership with Hopkins Homes. With the first property coming soon in early 2026.
Being the largest town in the Mid-Suffolk district, Stowmarket offers a vast range of local amenities including a unique blend of national and independent retailers in the town together with two supermarkets, a choice of pubs, restaurants and local cafes.
On the majority of homes, you can then increase your share all the way to 100% meaning you’d own your home outright, this is called staircasing, sometimes however full staircasing is not possible.
• Your gross household income must be less than £80,000 per year
• You must have funds available to cover legal/mortgage fees and a deposit, which is usually between 5% and 10% of the share value
• You do not own or have a mortgage on any other property
• You meet the income criteria for the development/property you are interested in
• Your income isn’t sufficient to purchase a suitable property outright
• If self-employed, you will need two ‘years’ audited accounts
• Any County Court Judgment made against you has been satisfied
• You must hold a British or EU passport, or your passport should be stamped with either ‘indefinite right to ‘enter’ or ‘right to ‘abode’
• The property you’re looking for will be your main residence
Prior to your application being considered applicants will need to pass an affordability check. Once your application has been approved, you'll need to put down a reservation fee to secure the property. This fee is refundable until the solicitors have been instructed.
You'll need to provide evidence of your income, savings, any credit agreements, loans and an Agreement in Principle from a bank, building society or mortgage adviser. You will also have to provide 2 forms of ID.
The actual postcode for this home will be: IP14 1FZ
EPC - PEA - B
Being the largest town in the Mid-Suffolk district, Stowmarket offers a vast range of local amenities including a unique blend of national and independent retailers in the town together with two supermarkets, a choice of pubs, restaurants and local cafes.
How Does It Work?
Depending on how much you can afford to pay, you'll buy an initial share in a home, and then pay rent for the remaining share. The minimum initial share you’d need to pay will vary depending on the type of scheme. Here at Flagship, we have varying scheme types. Some are grant funded, where the minimum initial share is 10%. For those that aren't, it’s 25%. For both scheme types, the maximum initial purchase is then 75%. Your sales advisor can let you know the scheme of the home you’re interested in.On the majority of homes, you can then increase your share all the way to 100% meaning you’d own your home outright, this is called staircasing, sometimes however full staircasing is not possible.
Eligibility
Our criteria for eligibility are based on the following points:• Your gross household income must be less than £80,000 per year
• You must have funds available to cover legal/mortgage fees and a deposit, which is usually between 5% and 10% of the share value
• You do not own or have a mortgage on any other property
• You meet the income criteria for the development/property you are interested in
• Your income isn’t sufficient to purchase a suitable property outright
• If self-employed, you will need two ‘years’ audited accounts
• Any County Court Judgment made against you has been satisfied
• You must hold a British or EU passport, or your passport should be stamped with either ‘indefinite right to ‘enter’ or ‘right to ‘abode’
• The property you’re looking for will be your main residence
Agents Note
*Please note dressed photos maybe of an alternative show home/plot from the development and CGI's are for illustration only, For plot specific details please speak to our sales representative. All measurements and floorplans shown and are approximate and given as a guide only.Prior to your application being considered applicants will need to pass an affordability check. Once your application has been approved, you'll need to put down a reservation fee to secure the property. This fee is refundable until the solicitors have been instructed.
You'll need to provide evidence of your income, savings, any credit agreements, loans and an Agreement in Principle from a bank, building society or mortgage adviser. You will also have to provide 2 forms of ID.
The actual postcode for this home will be: IP14 1FZ
EPC - PEA - B
Utilities, rights & restrictions
Utility supply:
- Electric Ask agent
- Water Ask agent
- Heating Ask agent
- Broadband Ask agent
- Sewerage Ask agent
Rights and restrictions:
- Private rights of way Ask agent
- Public rights of way Ask agent
- Listed property Ask agent
- Restrictions Ask agent
Risks:
- Flooded in last 5 years Ask agent
- Flood defences Ask agent
- Source of flood Ask agent
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Monthly mortgage estimate
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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE
QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR
MORTGAGE.
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 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
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 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.
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