Summary - 39 ST MARGARETS GARDENS HOVETON NORWICH NR12 8DN
1 bed 1 bath Flat
Affordable retirement base near Hoveton village and the Norfolk Broads.
Offered at 70% of open market value via shared ownership
A compact one-bedroom first-floor flat in a purpose-built over-55s development, offered at 70% of open market value through shared ownership. The 442 sq ft apartment needs cosmetic updating throughout, so it suits a buyer prepared to renovate for comfort and value. Heating is via mains gas boiler and radiators; UPVC double glazing is fitted.
Location is a genuine strength: the flat sits within 500 yards of Hoveton/Wroxham village centre with shops, services and riverside access to the Norfolk Broads. Bus and train links to Norwich are nearby, and local healthcare and leisure amenities are within easy reach, making it practical for downsizers who want village life with transport links.
Be clear about the practical drawbacks. The property is leasehold shared ownership, intended for retirement occupation (over 55s), and requires modernization — the kitchen and bathroom are dated. Broadband speeds are slow in the area, crime levels are above average and the wider area shows signs of deprivation, which may affect resale and day-to-day feel.
For a buyer seeking an affordable retirement base near the Broads, this flat offers entry at a discount and scope to add value through updating. If you need fast broadband, an open-plan modern kitchen, or a fully private freehold home, this will require further investment or a different search.
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