Marham Park
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3 Bedrooms End of terrace house |
|---|---|
| Property Number | 49 |
| Availability | FOR SALE |
| Advertised Share | 50% |
| Full Market Price | £322,500 |
| Deposit From | £8,063 |
| Monthly Rent | £370 |
| Monthly Mortgage Cost | £798 |
| Monthly Service Charge | £56 |
| Estimated Monthly Cost | £1,225 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Number Of Floors | 1 |
| Tenure | Leasehold |
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Marham Park
Overview
Plot 49 unexpectedly back on the market - 3 bedroom terraced house on the Shared Ownership scheme - Enquire now to find out more!
Soak up the summer warmth — and stay cosy all winter too.
Most of our brand-new Shared Ownership homes come with an EPC A rating, meaning your home stays warmer for less — even when temperatures drop.
Buy a home this summer, and we’ll help keep you warm this winter with a £1,000 towards your winter energy bills*
*£1,000 allowance on select homes, provided upon completion.
Located on the edge of historic market town Bury St Edmunds with over 65 acres of parkland and open space on your doorstep while you can find shopping and leisure facilities in Bury St Edmunds with chain restaurants, fine dining and independent cafes.
Perfect for families and those taking their first step on the housing ladder, you’ll find an array of primary and secondary schools near by including the Howard Community Primary School and the County Upper School.
Travel Times
- 27 mins Ely
- 29 mins Ipswich
- 42 mins Cambridge
- 6 mins Howard Primary School
- 8 mins Tesco Superstore
- 36 mins Cambridge
Key Features
- NHBC Warranty
- Good storage
- Living/ dining room with door to rear garden
- Downstairs WC
- Allocated parking
- Service charge applicable
FAQs
Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.
The eligibility criteria for Shared Ownership is simple; as long as you don't currently own, or won't own another property when you move in to a new home, you're likely to qualify.
Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.
There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.
No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.
Affordability Calculator
Disclaimer
The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 35-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.