New homes UK > Suffolk > Bury St Edmunds > Springfield Road
Springfield Road in Bury St Edmunds by Legal & General Affordable Homes
Bury St Edmunds, Suffolk, IP33 1TB
2 bedroom apartments - £61,250 for a 25% share
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Images may not necessarily depict the actual development and in some cases may be a typical example.
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You can see all of this and much more by requesting the development brochure. Simply complete the short form below.
RESERVE NOW FOR £99 AND RECEIVE £500 TOWARDS LEGAL FEES*
Shared Ownership can help you take that step on the property ladder. To make the process easier you can now reserve a brand new home at Springfield Road, Bury St. Edmunds for just £99 and we will contribute £500 towards your legal fees*. So that's a little bit saved towards your new sofa then!
For more information, please register or contact our Sales Consultant who will be delighted in helping you find your new home.
*Subject to using panel solicitors. Reservations must be made by 31st January 2022.
This promotion is not available in conjunction with any other offer.Springfield Road welcomes you home
A stunning collection of 2 bedroom apartments available with Shared Ownership in the thriving and perfectly connected historical market town of Bury St Edmunds in Suffolk.
Beautifully landscaped gardens and plenty of green space are at the heart of the development with a large water feature and network of waterways as well. You will be perfectly placed to enjoy everything that bustling Bury St Edmunds has to offer, with the benefit of regular rail connections to London and Cambridge.
Reflecting the style of the local area, the four storey apartment buildings are inspired by Victorian warehouse and mill building architecture. The picturesque semi-detached and terraced houses combine contemporary and Georgian influences in classic red and buff brick.
Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can own your own home with a lower deposit than is required to buy outright or with other buying schemes.
Homes at Springfield Road will be ready to move into from early 2022.
For more information and to stay informed of updates please register your interest.
- Price Breakdown:
- Full market value: £245,000
- 25% Share Value: £61,250
- 5% deposit of 25%: £3,062.50
- Rent on unowned share: £421 per month
- Service charges: £187-190 per month
- Anticipated Household income: £26,224 - £26,303
- Key Features:
- Pre-Wired for Sky
- Video entry phone security system
- One parking space per property
- Cycle store
- NHBC 12 year warranty
- Walking distance to Bury St Edmunds train station
WHAT IS SHARED OWNERSHIP?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home – this is usually between 25 to 75 percent of the value of the property – and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).
To be eligible for a home at Springfield Road, you'll need to:
- Have a combined household income under £80,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
- Eligible buyers must also be registered with Help to Buy
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.