Affordable village living with low-carbon heating and private parking.
2 bedrooms in a new end-terraced home with private garden and turf
Example 40% share price £120,000; full market value £300,000
Shared Ownership: buy 10%–75% now, rent payable on remaining share
990-year lease — long term security; property is leasehold
Integrated appliances and air source heat pump included
Small overall size (~306 sqft); compact internal living space
Off-street parking for two cars; village location near good schools
Service charge TBC and other leasehold fees may apply
This brand-new two-bedroom end-terrace on Maltings Meadow is offered via Shared Ownership, making Elmsett homeownership more attainable. The property is newly built with an efficient air source heat pump, integrated kitchen appliances and turf laid to a private garden — ready to move into with two off-street parking spaces.
The scheme is aimed at buyers seeking a lower entry cost: the example listing shows a 40% share at £120,000 (full market value £300,000). Shares can be purchased between 10% and 75% initially, with the option to staircase later; rent is payable on the unsold share and a service charge is anticipated (details TBC). The long lease (990 years) reduces typical leasehold risk.
Practical considerations are clear and factual: this is a small home (approximately 306 sqft), so internal space is compact and best suited to first-time buyers, downsizers wanting a lock-and-leave home, or buy-to-let investors looking at shared-ownership tenancy rules. Additional costs such as service charges, potential leasehold admin fees and rent on retained share will apply; prospective purchasers must complete eligibility checks and provide ID and affordability evidence.
The location suits village living with good-rated local primary and secondary schools nearby and easy access to countryside. If you need a modest, modern home with low-carbon heating and off-street parking, this offers a straightforward route onto the property ladder — but budget for ongoing charges and limited internal space.
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