- Home
- Property Search
- Farthing Land
- Farthing Land, 14, Farthing Land, Elmswell, IP30 9YH
Farthing Land, 14, Farthing Land, Elmswell, IP30 9YH
14, Farthing Land, Farthing Land, Elmswell, IP30 9YH
Shared Ownership Semi-detached house
A well-presented two-bedroom home available via Shared Ownership with parking - register your interest to arrange your viewing!
This well-presented two-bedroom home is available for sale through the Shared Ownership resale scheme, with a 50% share available to purchase. Offering a comfortable and practical layout arranged over two floors and extending to approximately 70.9sqm, the property is ideal for first-time buyers or those looking to step onto the property ladder. The home features a spacious living room, a modern kitchen/breakfast room, and two generous double bedrooms, and the main bathroom, all finished to a good standard throughout. Externally, this home benefits from a private garden and parking for 2 cars.
Key Features
- Two-bedroom home available through Shared Ownership (50% share)
- Private parking for 2 vehicles
- Approximate internal area of 764 sq ft (70.9 sq m)
- Private Garden
- Spacious reception room for everyday living
- Modern kitchen/breakfast room with space for dining
- Two generous double bedrooms
- Arranged over two floors
- Well-presented throughout
- Located within a popular village setting
Key Information
- Tenure: Shared Ownership
- Available Shares from: 50%
- Full Market Value: £260,000
- Share Value (initial purchase) from: £130,000
- Rent (on unsold equity): £346.04
- Service Charge: £90.37 per month
- Lease Length: 119 years
- Council Tax Band: B
- EPC Rating: B
Location
Located at Farthing Land in the popular village of Elmswell, the property benefits from a range of local amenities including shops, cafés, schools and green spaces. Elmswell railway station offers direct services to Bury St Edmunds, Ipswich and Cambridge, making it ideal for commuters. Excellent road links via the A14 provide easy access to surrounding towns and the wider region, while the village itself offers a welcoming community feel.
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:
-
You must be at least 18 years’ old with a clean credit history
-
Your annual household income must be less than £90,000 in London, or £80,000 outside of London
-
You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
-
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.
