Barn Owl Close

Wrentham

A charming village, situated in North East Suffolk - only two miles away from the coast of the North Sea. Offering a lovely rural lifestyle with beautiful local country walks and good road connections to neighbouring towns with amenities. The village itself has a couple of pubs, several shops, village hall and its own Parish Church. It is situated less than five miles away from the popular and picturesque tourist attraction of Southwold town, known for the sandy Beach, Pier, Light house and Famous brewery with corresponding retail shop. There is a selection of pubs, cafes and restaurants to discover also. Lowestoft town, with its own award winning beaches are under a ten mile journey in the other direction. Norwich City centre is also within commutable distance of twenty six miles, under an hour away.

The Developer

Built and constructed by Cripps Developments who are renowned for their high level of specification, offering traditional comfort and everyday practicality that the latest technology can provide. All this combines to give low maintenance to your new home.

What Is Shared Ownership?

Shared Ownership enables you to buy a share in the home via a mortgage or savings and you pay a reduced rent on the part you do not own. The initial percentage that you buy would be between 10% and 75% based on what you can afford.

As strong demand is anticipated, any applications received will be prioritised according to the following criteria in order:

1. Applicants who meet with the armed forces covenant
2. Applicants whose household will fully occupy the property
3. Those who propose to buy the greatest initial share
4. Date order

In order to be considered, your application must consist of a completed application form and evidence of a mortgage in principle or other evidence to demonstrate that you can finance the purchase.

The successful applicant will be required to submit all of the necessary supporting documentation within 1 week of being notified. If any documentation is not received within 1 week, East Suffolk Council may choose to proceed with an alternative applicant.

Eligibility

A person or persons in need of accommodation who are unable to buy on the local market determined in accordance with the following:

You can apply to buy the home if all of the following apply:

> your household income is £80,000 or less
> you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
> One of the following must also be true:
> you're a first-time buyer
> you used to own a home but cannot afford to buy one now
> you're forming a new household - for example, after a relationship breakdown
> you're an existing shared owner, and you want to move
> you own a home and want to move but cannot afford to buy a new home for your needs
> No outstanding credit issues (ie unsatisfied defaults or County Court Judgements)

Further eligibility criteria must be met, successful applicants will have a financial assessment arranged by East Suffolk District Council, at no cost to the buyer(s).

Costs
Service charge listed are current estimates:
Service charge = £16.31 per calendar month
Rent at 50% share = £269.27 per month
Lease Term: 990 years
Landlord: East Suffolk Council.
You will also need to pay council tax and utility costs. You will also be liable for Buildings Insurance of the property - TBC.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Criteria

Full details of the criteria are as follows:
Armed forces covenant - Preference will be given to applicants who with the Armed Forces Covenant.

You will meet the armed forces covenant if:
- You are a current member of the Armed Forces or you have been discharged within 5 years of the date of your application.
- You are a bereaved spouse or civil partner of a member of the Armed Forces leaving Services Family Accommodation following the death of your spouse or partner
- You are serving or have served in the reserve forces and are suffering from a serious injury, illness or disability which is attributable (wholly or partly) to that service

Household Occupancy
If more than one applicant (or no applicants) have a local connection or meets the military covenant, preference will be given to applicants based on the proposed occupancy level of the property with preference given to those that will be fully occupying or are closest to fully occupying the property. Households bedroom need will be determined as follows
- 1 bedroom need - Single or Couples
- 2 bedroom need - Families with 1 child or 2 children of the same sex
- 3 bedroom need - Families with 2 children of different sex or Families with 3+ children
Any households falling outside the above categories will be considered on a case by case basis

Initial Share

If applicants are equal after the above, preference will be given to the applicants proposing to purchase the greatest share of the property. Applicants must be able to show that they are able to finance the purchase and produce identification.

If applicants are equal after all of the above, preference will be given based on the date that the application was received.

Agents Note

Please note; the listing price shown of ais a 50% share (total open market value being £235,000). This property can be purchased at a minimum share of 10% and a maximum of 75%. Purchasers can staircase to 100% ownership (fees may apply). Rent will be payable on the remaining share (at a 50% share this will equate to £269.27 per month. The % share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial qualification.

Buyers are responsible for their own bills. The images, CGI's, dimensions, specifications and plans are provided for guidance purposes only and potential purchasers should satisfy themselves to exact details. The photographs used may be from an alternative home or surrounding area.

Agents Note (2)

Please note the actual postcode for this property is: NR34 7FN.

Service Charge

The service charge payment of £16.31 monthly goes towards; Grounds Maintenance, General Repairs and Maintenance, Tree Maintenance, Tree Survey Reserve, ROSPA Annual Inspection, Reserve Fund, Public Liability & Directors & Officers Insurance, Audit Fee, Management Fee, Company Secretary.

The Accommodation

Entrance Hall

Double glazed door to Front aspect leading into property, Stairs leading to First floor landing, Access to Lounge, Kitchen and Downstairs WC, Under stair storage, Radiator, Carpet flooring.

Lounge

13' 3" x 11' 2" ( 4.04m x 3.40m )
Double glazed doors leading out to Rear garden, Radiator, Power points, Carpet flooring.

Kitchen

10' 5" x 6' 9" ( 3.17m x 2.06m )
Double glazed window to Front aspect, Fitted Kitchen units with work surfaces, Sink and drainer unit, Integrated electric oven with gas hob and over head extractor fan, Space for 50/50 Fridge/Freezer, Plumbing for washing machine, Space for Slimline dishwasher, Power points, Laminate wood effect flooring.

Downstairs Wc

Partially tiled walls, Toilet, Wash hand basin, Radiator, Laminate wood effect flooring.

First Floor

Landing

Bedroom 1

13' 5" x 9' 9" ( 4.09m x 2.97m )
Double glazed window to Rear aspect, Double bedroom, Built in double wardrobe, Power points, Radiator, Carpet flooring.

Bedroom 2

13' 4" x 9' 3" ( 4.06m x 2.82m )
Two double glazed windows to Front aspect, Double bedroom, Built in airing cupboard housing gas combi boiler, Power points, Radiator, Carpet flooring.

Bathroom

Partially tiled walls, Toilet, Wash hand basin, Bath tub with shower screen and over head shower, Extractor fan, Laminate wood effect flooring.

Front Garden

Pathway leading to Front door and Outdoor porch.

Rear Garden

Seeded Rear garden, Garden Shed.

Parking

Brickweave driveway providing off-street parking.