Summary -
40 Phillips Crescent,Martlesham Heath,MARTLESHAM,IP5 4AB
IP5 4AB
2 bed 1 bath End of Terrace
Affordable first-step property with parking and low-maintenance new build appeal.
- Brand new two-bedroom end-of-terrace with modern finishes
- Available via shared ownership (25–75% shares); 40% shown
- 40% price £126,000; full market value £315,000
- Monthly rent on 60% (example) £433.13; service charge £78.01 monthly
- Allocated off-street parking and small garden
- Compact overall size ~363 sq ft; limited internal space
- Leasehold tenure; shared-ownership restrictions apply
- Local area recorded as very deprived; consider resale implications
A brand-new two-bedroom end-of-terrace offered through shared ownership, ideal for first-time buyers seeking an affordable entry onto the property ladder. You can purchase a 25–75% share; the example price is for a 40% share at £126,000 (full market value £315,000). Monthly housing costs for a 40% share include rent of £433.13 and a service charge of £78.01.
The home is compact (approximately 363 sq ft) and finished in a modern style with an efficient brick exterior, contemporary kitchen, and allocated off-street parking. Broadband speeds are fast and mobile signal is excellent, useful for home working and streaming. The layout works over two storeys and there is a small garden. These features suit buyers wanting low-maintenance, new-build accommodation close to local schools and amenities.
Important practical points: the property is leasehold and sold via shared ownership, so you will pay monthly rent on the unsold share plus a service charge (currently £936.12 annually). The overall floor area is small, so space is limited; buyers should view to confirm the layout meets their needs. The surrounding area is recorded as very deprived, which may affect future resale values.
Nearby schooling includes several primary and secondary options, with local secondary schools rated Good. This is a pragmatic, budget-friendly route into home ownership but is best suited to buyers who need a compact, low-upkeep home and who accept the leasehold and shared-ownership costs and constraints.
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