An ideal opportunity to get onto the first run of the property ladder with this Shared Ownership three bedroom end of terrace home. The property benefits from private rear garden and garage too!Located on the ever requested Blakenham Park development on the the western side of Ipswich and offers great access to A12 and A14 commuter trunk roads as well as the nearby Morrisons and the town centre too. Entrance Hall Large coat cupboard with lighting, radiator, stairs to the first floor, and doors to: Cloakroom Two-piece suite comprising low-level WC and pedestal hand wash basin with tiled splashback, and slimline radiator. Kitchen
Fitted with a range of matching eye and base level units, roll edge work surfaces, sink and drainer, tiled splashbacks, space for appliances, radiator, wall-mounted boiler, and window to the front aspect. Lounge / Dining Room
Window to the rear aspect, door opening out to the rear garden, radiator, and understairs cupboard. First Floor Landing Radiator, loft access, and doors to the bedrooms and bathroom. Bedroom One
Window to the rear aspect and radiator. Bedroom Two
Window to the front aspect and radiator. Bedroom Three
Window to the rear aspect and radiator. Family Bathroom Three-piece suite comprising bath with shower over, low-level WC and pedestal hand wash basin; tiled splashbacks; radiator; airing cupboard; and opaque window to the front aspect. Outside – Rear The garden is predominantly laid to patio with shrub borders and flowerbeds, and is fully enclosed by fencing. Single Garage En-Bloc Agents Note - The sale price represents a 50% share of the property. The share purchase price is calculated using the full marketvalue and the percentage share purchased. If you buy a 50% share, the share purchase price will be £115,000.00 and the rent will be £422.91 a month.If you buy a larger share, you'll pay less rent. You can buy up to 100% of your home.In addition to the rent above, the estimated monthly payment to the landlord includes:Service charge - £7.06Estate charge - £0.00Buildings insurance - £36.68Management fee - £24.41Reserve fund payment - £0.00Total monthly payment excluding rent £68.15 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 One of the following must also be true:• you're a first-time buyer• you used to own a home but cannot afford to buy one now• you're forming a new household - for example, after a relationship breakdown• you're an existing shared owner, and you want to move• you own a home and want to move but cannot afford a new home for your needs If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownershippurchase.As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rentaland mortgage payments. Also, you must have a local connection to Ipswich Borough either through residency, work or family.About IpswichThe county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station with a journey time of approximately 1hr 15mins. The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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