Shared Ownership
This superb modern home is available to buy from as little as £195,000 with a 75% share!
Tucked away in the sought-after village of Exning, this well-presented two-bedroom home on Garlic Street offers a fantastic opportunity for first-time buyers, downsizers, or investors alike.
The ground floor welcomes you with a bright and spacious open-plan kitchen and reception area, designed for modern living and entertaining. The layout provides ample space for both dining and relaxation, while the kitchen is thoughtfully arranged to maximise functionality. A convenient downstairs cloakroom and useful storage complete this level.
Upstairs, the property offers two well-proportioned bedrooms, ideal for a variety of living arrangements including a home office or guest space. The family bathroom is neatly appointed and serves both rooms.
Externally, the property benefits from its charming village setting, with local amenities, countryside walks, and excellent transport links nearby, including easy access to Newmarket and surrounding areas.
Combining comfort, practicality, and location, this home is an excellent choice for those seeking a low-maintenance property in a desirable Suffolk village.
Exning offers a range of everyday amenities including a local shop, post office, primary school, and traditional pubs, creating a convenient and community-focused village lifestyle. For a wider selection of shops, supermarkets, restaurants, and leisure facilities, nearby Newmarket is just a short drive away. The area is well-connected, with easy access to the A14 providing direct routes to Cambridge, Bury St Edmunds, and beyond. Regular rail services from Newmarket station offer links into Cambridge and Ipswich, while Stansted Airport is within comfortable driving distance, making the location ideal for both commuters and those needing regional or international travel options.
PRICING & AFFORDABILITY
Full Market Value: £260,000
75% Share Price: £195,000 (rent £195.81 pcm)
Minimum 5% Mortgage Deposit (% share): £9,750
Approximate Service Charges: £47.67 pcm*
Lease: 988 years
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.
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.
*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.
** This home can also be purchased outright (100% of the value) which is £260,000 and a purchaser would not need to meet the eligibility criteria listed above.
