New homes for sale at Sorrel Grove (Shared Ownership)

This is a Shared ownership development by Legal & General Affordable Homes

FINAL HOME AVAILABLE!

Located in the sought-after village of Cringleford

An outstanding collection of contemporary 2 bedroom houses available with Shared Ownership.

On the outskirts of Norwich, Sorrel Grove benefits from all the peace and quiet of the countryside only 5 miles from the city centre.

The village itself dates back to Saxon times and has many essentials right on your doorstep including a Tesco Express, a village school, local GP surgery, fitness, football, cricket and tennis facilities. The city centre of Norwich is nearby, making this the perfect balance of town and country.

For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.

Available to purchase from a 40% share.

Financial Breakdown:

Full Market Value: £272,500
40% Share Value: £109,000
5% deposit of 40%: £5,450
Rent on unowned share: £375 per month
Service Charge: £79 per month
Council Tax: TBC*

If you'd prefer to get away from it all, the beautiful Norfolk Broads are under 25 minutes away. Whether it's boating, fishing or walking, this is the ideal place to escape the trappings of modern life, wind down and relax by the water. Alternatively, take a trip to breathe the fresh sea air in the Norfolk Coast Area of Outstanding Natural Beauty.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit.

These homes will be ready to move into Autumn 2024.

For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.

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 40% 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.

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
Priority will be given to applicants with a living or working connection to South Norfolk Local Authority

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

*Council Tax: TBC

Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

Share	Lower price	Upper price
40% share	£109,000	£109,000
45% share	£122,625	£122,625
50% share	£136,250	£136,250
55% share	£149,875	£149,875
60% share	£163,500	£163,500
65% share	£177,125	£177,125
70% share	£190,750	£190,750
75% share	£204,375	£204,375

Sorrel Grove in Cringleford

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Example Shared ownership share price options