41 Wessex Street, Norwich, NR2 2TJ

Wessex St, Norwich, NR2 2TJ

Flat 2 1
Availability
For sale
Share
50%
Share value
£92,500
Minimum deposit
£4,625

Full market value

£185,000

Key Features

  • 50% shared ownership
  • Norwich City Council local connection required
  • Two-bedroom second-floor apartment
  • Extra loft storage
  • Welcoming living and dining area
  • Fitted kitchen
  • Affordable route onto the property ladder

Overview

Situated in a popular residential location in Norwich, this well-presented two-bedroom second-floor apartment offers comfortable and practical living, making it an excellent opportunity for first-time buyers, couples, or those looking to step onto the property ladder.

The property features a welcoming living and dining area, a fitted kitchen, two well-proportioned bedrooms, and a family bathroom. The second-floor position offers a comfortable and private setting with easy access. There was a new boiler fitted last year. 

It's got parking and a communal garden with a bike shed. There is a GP and pharmacy round the corner as well as a nearby Sainsbury's. 

Available on a 50% shared ownership basis, this property provides an affordable route to homeownership, with the opportunity to purchase additional shares in the future where eligible and subject to the scheme terms.

A local connection to the Norwich City Council area is required. Applicants will need to meet the relevant local connection criteria as part of the eligibility assessment.

Monthly costs based on the 50% share include rent of £293.64. Additional monthly charges include service charge of £21.72, admin fee of £6.47, buildings insurance of £20.46, sinking fund contribution of £11.16, and third-party management fee of £10.76.

Ideally located for Norwich city centre, Chapelfield, St Stephen's Street and the bus station. The current owner loves that it's a 5-10 min walk to the local pubs, trendy cafés, and restaurants as well as being so close to the city centre! "Visiting the famous Norwich market for a spot of lunch is always lovely."

The neighbourhood includes lovely outdoor spots like Heigham Park, Chapelfield Gardens, and the hidden gem The Plantation Garden. 

An excellent opportunity for an eligible buyer with a Norwich City Council local connection to secure a two-bedroom home through shared ownership.

Scheme

Shared Ownership

Tenure

Leasehold

Remaining lease

81 years

Council Tax Band

B

EPC

80

View floorplan

Pricing and Availability

Type Bedrooms Full Market Value Share % Share price Monthly Rent Monthly Service Charge Availability
Flat 2 £185,000 50% £92,500 £294 £71 For sale

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