Affordable homes for local people
15 October 2013
Local buyers have been offered the chance to snap up a beautiful new home in Norwich at a hugely discounted price.
Charles Church Anglia has joined forces with Norwich City Council to provide affordable homes, at 75 per cent of their market value, at the Wentworth Gardens development at Wentworth Green, off Newmarket Road.
Head of sales and marketing, Alison Page, said: “We have just a few two bedroom homes remaining at Wentworth Gardens, offering practical and affordable living close to all the facilities of Norwich.
“Qualifying local people, who meet the Council’s eligibility criteria, can purchase one of these properties at a 25 per cent discount off the full market value, meaning a new house could be available for just £134,960 rather than the normal price of £179,950*.”
The shared equity scheme requires the buyer to pay a five per cent deposit and arrange a mortgage for 70 per cent of the home’s value, using an approved independent financial advisor.
The remaining 25 per cent equity share will be held by Norwich City Council. After 12 months, the buyer is able to purchase all or part of the equity share, up to the full 100 per cent ownership.
Alison added: “These mews houses and bungalows are ready to move into, and we aim to make this the best Christmas ever for anyone reserving by 19th November.
“We will offer £500 towards legal fees, include carpets and flooring throughout the property, turf the rear garden and even contribute a family photograph and £1,000 towards your Christmas shopping!
“For information about registering for one of these homes, visit our sales executive at the Fellowes Plain development on St Stephens Road.”
*prices correct at time of going to press