homes for sale in springfield gardens ny

2 bedroom apartment for sale

Tayfen Road, IP33 1TB

£61,250 · Shared Ownership New Build

Share percentage 25%, full price £245,000, £3,063 Min Deposit.

2 bedrooms

1 Bathroom

Parking

Floor plan

floor-plan

Floor plan

floor-plan

£61,250 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £245,000, £3,063 Min Deposit.

Monthly Cost: £916
Rent £421, Service charge £190, Mortgage £305*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

Eligibility

ELIGIBILTY CRITERIA:

Have a combined household income under £80,000
Not own a property, or part of a property, at the time of completing on your purchase
Be unable to purchase a suitable home to meet your housing needs on the open market
Have a minimum of £5,000 to cover the costs of buying a home
Eligible buyers must also be registered with Help to Buy

Summary

A stunning collection of 2 bedroom apartments available with Shared Ownership in the historical market town of Bury St Edmunds, Suffolk.

Description

Springfield Road welcomes you home

A stunning collection of 2 bedroom apartments available with Shared Ownership in the thriving and perfectly connected historical market town of Bury St Edmunds in Suffolk.

Beautifully landscaped gardens and plenty of green space are at the heart of the development with a large water feature and network of waterways as well. You will be perfectly placed to enjoy everything that bustling Bury St Edmunds has to offer, with the benefit of regular rail connections to London and Cambridge.

Reflecting the style of the local area, the four storey apartment buildings are inspired by Victorian warehouse and mill building architecture. The picturesque semi-detached and terraced houses combine contemporary and Georgian influences in classic red and buff brick.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.

Homes at Springfield Road will be ready to move into from early 2022.

Plot 66 is a 2 bedroom apartment at Springfield Road, Bury St Edmunds available to purchase through Shared Ownership.

Available to purchase for a 25% share at £61,250.

Financial Breakdown:

Full market value: £245,000
25% Share Value: £61,250
5% deposit of 25%: £3,062
Rent on unowned share: £421 per month

LOCAL AREA

Bury St Edmunds' compact but thriving town centre is brimming with eclectic shops, pubs, cafés and restaurants. The surrounding local area offers excellent opportunities to enjoy fresh air, abundant countryside walks and beautiful views.

Have a wander down to the 14-acre Abbey Gardens which are home to wonderfully colourful displays of flowers and plants, the backdrop of the cathedral making this a very special place unwind and take in the town's unique heritage.

When you're ready to explore further afield, Springfield Road is positioned almost equidistant between Cambridge and Ipswich, with the A14 conveniently just a few minutes away. If you fancy hopping on a train, Bury St Edmunds station is just a short walk away with services taking you up and down the country. Living at Springfield Road, you'll never run out of things to do.

For more information and to stay informed of updates please register your interest.

WHAT IS SHARED OWNERSHIP?

If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Legal & General Affordable Homes are a Registered Provider offering these apartments for sale on a Shared Ownership basis. We are creating communities to live, grow and flourish and are committed to removing the stress and anxiety associated with moving house, whilst delivering customer satisfaction and quality new homes.

Key Features

Pre-Wired for Sky
NHBC 12 year warranty
Cycle store
One parking space per property
Video entry phone security system
Walking distance to Bury St Edmunds train station

Property Downloads

Floor Plan Brochure Price List

Map

Epping (46.10 miles) Theydon Bois (47.58 miles) Debden (49.59 miles)

Monthly Cost Calculator

The 'Estimated total monthly cost' for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less

Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
Service Charge: covers maintenance costs for the property as a whole and communal areas
Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£61,250

Shared Ownership New Build

Estimated Monthly Cost: £916

Rent £421

Service Charge £190

Mortgage £305

Share percentage 25%, full price £245,000, £3,063 Min Deposit. Calculated using a representative rate of 3.94%

Your Deposit Min £3,063 £

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.