Reserved
  • Price: 25% to 75% shares available

  • Bedrooms: 2 - 3

  • Address: Lavender Meadow , Wymondham, Norfolk, NR18 0FL


The properties on the development benefit from contemporary kitchens, good sized bedrooms and off road parking, plus fenced and turfed private rear gardens.

 

All shared ownership houses have a B- EPC rating, with double glazing and air source heat pumps as standard.

 

Total open market values are £270,000 for the two beds, £325,000 for the three beds. The minimum share that can be purchased is 25% and a maximum of 75%. Purchasers can staircase to 100% ownership (fees may apply). Rent will be payable on the remaining share (for example; a 50% share of a three bed, will equate to £372.40 per month, further examples below. The % share and rent amount will change depending on the amount you can afford. 

 

Share Purchase Price & Rent Examples

 

The share purchase price is calculated using the full market value (£325,000 ) and the percentage share purchased.

 

If you buy a 50% share, the share purchase price will be £162,500 and the rent will be £372.40 a month.

 

If you buy a larger share, you’ll pay less rent. The table below shows further examples.

 

Share

Share Purchase Price

Monthly Rent

25%

£81,250

£558.59

30%

£97,500

£521.35

40%

£130,000

£446.88

50%

£162,500

£372.40

60%

£195,000

£297.92

70%

£227,500

£223.44

75%

£243,750

£186.20

 

The percentage share and rent amount will change depending on the amount you can afford. You’ll receive a worked example after a financial assessment.

 

Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by Saffron Housing.

 

 

Saffron Housing Trust is a housing association based in South Norfolk with over 6,500 homes in Norfolk, Suffolk and across East Anglia.