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- Farrow Road, 23, Farrow Road, Bacton, IP14 4GU
Farrow Road, 23, Farrow Road, Bacton, IP14 4GU
23, Farrow Road, Farrow Road, Bacton, IP14 4GU
Shared Ownership Semi-detached house
Modern Two-Bedroom Shared Ownership Home with Garden & Parking
Available through Shared Ownership, this well-presented two-bedroom home, built in 2024, offers a fantastic opportunity to step onto the property ladder. Designed for modern living, the property features a bright and spacious reception room, a contemporary fitted kitchen, and two generously sized double bedrooms.
Finished to a good standard throughout, the home benefits from a private garden - perfect for relaxing or entertaining, as well as allocated parking. Offered unfurnished and ready to move into, this is an ideal choice for buyers seeking an affordable, low-maintenance home in a desirable village setting.
Key Features
- Shared Ownership opportunity (30% share)
- Modern two-bedroom house (built in 2024)
- Spacious reception room with excellent natural light
- Contemporary fitted kitchen with integrated oven, fridge freezer & washing machine
- Two generous double bedrooms
- Private garden ideal for outdoor living
- Allocated parking for two vehicles
- EPC rating B for energy efficiency
Location
Situated in the popular village of Bacton, near Stowmarket, the property enjoys a peaceful rural setting while remaining well-connected. Local amenities including shops, schools and everyday essentials are within easy reach, with Stowmarket town centre just a short drive away offering a wider range of facilities, eateries and leisure options.
Excellent transport links are available via Stowmarket railway station, providing direct services to Ipswich, Cambridge and London Liverpool Street, making this an ideal location for commuters. The surrounding Suffolk countryside also offers plenty of opportunities for walking, cycling and enjoying the outdoors.
Key Information
- Tenure: Shared Ownership
- Available Shares from: 30%
- Full Market Value: £245,000
- Share Value (initial purchase) from: £73,500
- Rent (on unsold equity): £416.74 per month
- Service Charge: £20.19 per month
- Lease Length: 990 years from 2024
- Council Tax Band: B
- EPC Rating: B
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.
