Roundhouse Gate, Cringleford, Norwich, Norfolk, NR4

SHARED OWNERSHIP Three bedroom house available to purchase at a 50% share at £151,250 with a deposit of £7,563. Maximum amount available to purchase initially is 50%. Full market value £302,500. A great opportunity to get onto the property ladder and live in this contemporary three bedroom house.

Located in a quiet residential road on the edge of a village within easy distance of Norwich, Sorrel Grove is a new development of homes meeting the needs of a modern lifestyle.

Cringleford dates back to Saxon times and has handy shops, a village school, doctors' surgery, fitness, football, cricket and tennis facilities. The city centre of Norwich is nearby, making this the perfect balance of city and country.

Just a short drive away is the beautiful city of Norwich, with country fields at the end of the road, it’s hard to believe that the centre of Norwich is so close. Norwich is a beautiful city, with cobbled streets full of fascinating boutiques, an impressive Norman cathedral and imposing castle. There are shopping malls, restaurants, bars and clubs together with galleries, live theatre and a thriving arts scene. Whether you’re enjoying an afternoon at the football, an evening at the movies, a big night out at the annual festival or a quiet stroll along the river, Norwich has it all, and it’s just the beginning of this unique county.

Norfolk offers so much at all times of the year. The big skies create beautiful sunsets across the open fields, preferably viewed from a traditional country pub. There’s boating on the broads, seal watching at Horsey, crab suppers at Cromer and all the fun of the fair at Great Yarmouth. With wonderful walks, beautiful country homes and some of the country’s finest nature

Legal & General Affordable Homes is offering a unique opportunity to live at Sorrel Grove through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is required to buy outright or with other buying schemes.

Financial Breakdown

Full market value: £302,500
50% share value: £151,250
5% deposit: £7,563
Rent charged on unowned share : 2.75%
Rent on unowned share (50%) : £346.61 per month

What is Shared Ownership?

If you can't afford the mortgage or deposit on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 50%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

About Legal and General Affordable Homes

Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.

Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing.