Summary - Fallow Drive, Banham NR16 2FJ
3 bed 1 bath Terraced
Brand-new 3-bed terraced home — affordable 40% share with garden and parking, ideal first purchase.
40% shared ownership — £124,000 asking represents 40% of £310,000 full value|Brand new, low-maintenance three-bedroom mid-terrace with modern finish|Kitchen/diner, lounge, cloakroom and enclosed rear garden|Allocated off-street parking included|Single bathroom for three bedrooms — may affect morning routines|Leasehold tenure; ongoing rent/service charge likely on unsold share|Affordability to be confirmed by independent regulated advisor|Fast broadband, no recorded flood risk
A brand-new three-bedroom mid-terrace offered as a 40% shared ownership share, ideal for first-time buyers seeking an affordable route onto the property ladder. The asking price of £124,000 represents a 40% share of a full value of £310,000; affordability will be assessed by a regulated independent financial advisor. The house is newly finished with a modern brick façade, double glazing and contemporary neutral interiors that provide a ready-made, low-maintenance home.
Ground-floor accommodation includes an entrance hall, lounge, cloakroom and a kitchen/diner that opens to an enclosed rear garden — practical for everyday family life and entertaining. There is allocated off-street parking. Broadband speeds are reported as fast and there is no recorded flood risk. Local primary and secondary schools are within easy reach, including an Ofsted Outstanding primary in Banham, which will appeal to buyers with young children.
Notable practical considerations are straightforward: the property is leasehold and sold via shared ownership (40% share), with the remainder retained by the housing association. Purchasers should budget for ongoing rent/service charge on the unsold share and expect an independent affordability assessment. There is a single bathroom serving three bedrooms, which may suit smaller families or those willing to adapt morning routines.
Overall this new build terraced home offers low-maintenance, modern living and an accessible purchase price through shared ownership. It is best suited to first-time buyers or young families who want new accommodation, good broadband and nearby schools, and who understand the implications of leasehold shared ownership.
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