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- 8 Farthing Land, 8, 8 Farthing Land, Elmswell, IP30 9YH
8 Farthing Land, 8, 8 Farthing Land, Elmswell, IP30 9YH
8, 8 Farthing Land, 8 Farthing Land, Elmswell, IP30 9YH
Shared Ownership Semi-detached house
Modern Two-Bedroom Shared Ownership Resale Home in Elmswell
An excellent opportunity to purchase a modern two-bedroom semi-detached home through Shared Ownership resale, situated in the popular Suffolk village of Elmswell, near Bury St Edmunds.
Built approximately five years ago, this well-proportioned home offers around 71 sq m (766 sq ft) of accommodation arranged across two floors, making it an ideal choice for first-time buyers, couples or small families looking to take their next step onto the property ladder.
The ground floor features an entrance hallway leading to a comfortable separate living room and a spacious kitchen/breakfast room, providing plenty of room for everyday dining and entertaining. A convenient downstairs WC completes the ground-floor accommodation. Upstairs are two well-sized bedrooms alongside the family bathroom.
Outside, the property benefits from driveway parking for two vehicles, adding further convenience for households with more than one car.
With a strong EPC rating of B, high-performance glazing and low-energy lighting throughout its fixed outlets, the property also offers excellent energy efficiency for modern living.
Key Features
- Shared Ownership resale opportunity
- Modern two-bedroom semi-detached house
- Approximately 71 sq m / 766 sq ft of accommodation
- Spacious kitchen/breakfast room
- Separate living room
- Convenient ground-floor WC
- Two well-proportioned bedrooms
- Driveway parking for two vehicles
- Energy-efficient home with an EPC rating of B
Shared Ownership Key Information:
- Full Market Value: £255,000
- Share Available: 40%
- Price of Share: £102,000
- Monthly Rent: £436.02
- Monthly Service Charge: £89.99
- Lease Remaining: 119 years remaining
- Council Tax Band: B
- EPC Rating: B
Location
Situated in Elmswell, 8 Farthing Land enjoys a village setting within easy reach of Bury St Edmunds. The location is well suited to buyers looking to combine village living with convenient access to surrounding towns and everyday amenities.
Elmswell is a well-established Suffolk village with a range of local facilities and transport connections, making it an attractive option for commuters, couples and families alike. The property provides a great base for enjoying the surrounding Suffolk countryside while remaining connected to larger nearby centres.
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
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You must be at least 18 years’ old with a clean credit history
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Your annual household income must be less than £90,000 in London, or £80,000 outside of London
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You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
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You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
