Pettus Fields, Hawthorn Drive, Rackheath, Norwich, Norfolk, NR13

SHARED OWNERSHIP Three bedroom house available to purchase at a 50% share at £160,000 with a deposit of £8,000 Maximum amount available to purchase initially is 75%. Full market value £320,000. A great opportunity to get onto the property ladder and live in this contemporary three bedroom house.

Nestled in between the Norfolk countryside and the historic city of Norwich, this stunning development of 2 and 3 bedroom homes offers the perfect blend of countryside living and city charm. Each home has been designed to encompass the essence of a modern lifestyle. With style, comfort and great connectivity, these homes are perfect for those who truly wish to have the best of both worlds.

Not only are there stunning scenes of countryside, complete with some of the UKs most glorious beaches and rivers on one side, and historic castles and cathedrals on the other, Pettus Fields also offers complete and fast access to London in just over an hour. Within 2 miles is the city of Norwich, alive with cafes, bars, restaurants and nightlife – but if you’re more inclined to put on your walking boots and take in some unrivalled rurality, just head 2 miles in the other direction. Legal & General Affordable Homes is offering a unique opportunity to live at Pettus Fields through Shared Ownership. Thanks to this scheme, you can get on the property ladder with a lower deposit than is required to buy outright or with other buying schemes.

Financial Breakdown

Full market value: £320,000
50% share value: £160,000
5% deposit: £8,000
Rent charged on unowned share : 2.75%
Rent on unowned share (50%) : £366.67 per month

What is Shared Ownership?

If you can't afford the mortgage or deposit 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.

About Legal and General Affordable Homes

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.

Note: Photos may be representative of a similar property but not be the one which the buyer may be purchasing.