Shared Ownership

This brand new home is available to buy from as little as £70,000 with a 25% share!

Castleton Grange is located on the northern edge of Eye, a charming town nestled in the heart of Suffolk. All essential amenities are within easy walking or cycling distance, including two Co-op stores, an artisan bakery, a butcher, florists, a café, and a selection of bespoke shops, including a well loved hardware store. Eye also hosts a weekly mini farmers' market, offering fresh local produce.

The town and its surrounding villages boast an excellent selection of restaurants and pubs, all dedicated to using locally sourced ingredients. Notable options include The Auberge, The Oaksmere, and The White Hart, all just a five minute drive from Castleton Way. For outdoor activities, the Town Moors recreation site features play areas, a skate park, football pitches, and extensive woodland walking trails.

Well Connected & Easily Accessible
Nearby Diss offers larger supermarkets and a train station, while the vibrant towns of Bury St Edmunds, Ipswich, and Norwich are all within an hour’s drive. A 45 minute drive East leads to the breathtaking Suffolk Coast and Heaths Area of Outstanding Natural Beauty. The area is well served by main roads and local bus routes, and Diss provides direct train connections to nearby towns and London Liverpool Street.

This brand new mid terrace home features a spacious kitchen/diner, separate lounge and a cloakroom on the ground floor. The first floor offers two bedrooms (bedroom one with an en suite), a separate study/box room and a family bathroom. Externally is allocated parking and an enclosed garden^.

PRICING & AFFORDABILITY

Approximate Size 811 sq ft

Full Market Value: £280,000

25% Share Price: £70,000 (rent £481.25pcm)
50% Share Price: £140,000 (rent £320.83pcm)
75% Share Price: £210,000 (rent £160.42pcm)

Minimum 5% Mortgage Deposit (25% share): £3,500
Approximate Service Charges: £58 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Castleton Grange you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

^ The gardens are Castleton Grange are not turfed and will be the responsibility of the buyer to turf their own garden should they wish.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Service Charge: 696.