Summary - 12 REEVES CLOSE BUNGAY NR35 1HN
2 bed 1 bath Terraced
Affordable 50% shared-ownership two-bed in a quiet cul-de-sac — check lease and lender eligibility.
50% shared ownership; around £200pcm rent on remaining share
Two double bedrooms and family bathroom — good starter layout
Private rear garden; small plot, needs tidy-up
Allocated off-street parking space(s) within shared area
Built 1983–1990; double glazing and gas central heating present
Approximately 70 years remaining on lease — lenders may refuse mortgages
Suitable for first-time buyers but subject to housing association criteria
Above-average local crime rate; check neighbourhood suitability
A practical two-bedroom mid-terrace in a quiet cul-de-sac, offered as 50% shared ownership. The layout provides a front sitting room, separate kitchen/dining room with a conservatory, two double bedrooms and a family bathroom — straightforward accommodation well suited to first-time buyers seeking an affordable step onto the ladder.
Externally there is a private rear garden and allocated off-street parking. Construction dates place the build in the 1980s with double glazing and gas central heating already installed. Local amenities, good primary and secondary schools, fast broadband and excellent mobile signal suit everyday family life and home working.
Important buyer note: the sale involves a lease with approximately 70 years remaining and a rent on the unsold share (about £200pcm). Many mortgage lenders restrict lending on short leases, so purchasers should confirm mortgage eligibility and housing association criteria (Flagship Housing) before committing. The property will also benefit from cosmetic updating and garden tidy-up to maximise appeal.
Overall this is a practical, low-maintenance starter home with clear affordability advantages via shared ownership, but the limited lease length and associated lender restrictions are material factors for buyers to consider.
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