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Sold STC
£155,000
3 Bedroom

Myrtle Lane, Red Lodge

902 sq ft
3
2
1

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  • 50% Shared Ownership
  • Modern Detached Home
  • 3 Bedrooms - 1 Ensuite
  • Family Bathroom
  • Enclosed Rear Garden
  • Driveway Parking for 2 Cars

Description

A well presented 3 bedroom detached home with excellent transport links to both Newmarket and Bury St Edmunds. The accommodation comprises an entrance hall, living room opening onto the rear garden, a modern kitchen/dining room, cloakroom and a family bathroom. External features include an enclosed rear garden and a driveway to the side providing off-road parking. The property is initially offered as a 50% shared ownership property, with an opportunity to purchase a higher percentage, please call the office to discuss this further.

ENTRANCE HALL with entrance door, stairs to the first floor, built-in storage cupboard.

CLOAKROOM with a low level WC, hand wash basin, double glazed window to the front aspect.

KITCHEN/DINING ROOM with a range of wall and base mounted units with rolled edge worktop surfaces, stainless steel sink, space and plumbing for washing machine and dishwasher, built-in oven and gas hob with extractor hood over, tiled splashbacks, recessed ceiling spotlights, radiator, double glazed bay window to the front aspect.

LIVING ROOM with a radiator, built-in storage cupboard, double glazed window to the rear and French doors opening onto the rear garden.

FIRST FLOOR LANDING with airing cupboard.

BEDROOM 1 with a radiator, double built-in storage cupboard and a double glazed window to the front aspect.

ENSUITE SHOWER ROOM with a shower cubicle, low level WC, heated towel rail, hand wash basin.

BEDROOM 2 with a radiator and a double glazed window to the rear aspect.

BEDROOM 3 with a radiator and a double glazed window to the front aspect.

BATHROOM with a side panelled bath, hand wash basin, low level WC, heated towel rail, radiator, double glazed window to the rear aspect.

OUTSIDE To the rear of the property is an enclosed garden mainly laid to lawn with a patio seating area, timber shed and gated access to the front.

To the side of the property is a brick weaved driveway providing parking for 2 vehicles.

Sales Agents Notes Tenure - Leasehold
Length of Lease - 120 years remaining
Annual Service Charge – £438.24 (Buildings insurance)
Monthly Shared Ownership Rent (50% share) - £426.89
Service Charge Review Period - Annually

The full market value is £310,000 there is an option to purchase a higher percentage if desired, up to 100% full ownership. If you buy a larger share, you'll pay less rent.

To be eligible to purchase, buyers can not earn more than £80,000 annually or own another property. If they are selling, they are only proceedable once they are SSTC with a complete chain. Also, you must have a local connection either through residency, work or family.

For more information on this property, please refer to the Material Information Brochure on our website.

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Council tax: Band C

Mortgage calculator

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£
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Current average is 4.5%

Estimated monthly repayments

£2,965
per month
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty calculator

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Stamp duty amount

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Calculation breakdown:

This calculator provides an estimate only and should not be relied upon as financial or legal advice. It only applies to UK residents buying in England and it doesn't apply if you're buying through a company.

Looking to sell or let your property?
Value my home
£155,000
3 Bedroom

Myrtle Lane, Red Lodge

902 sq ft
3
2
1

Interested in viewing this property?

Arrange viewing

For any questions, please contact us below:

Looking to sell or let your property?
Value my home

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