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Price: 25% to 75% shares available
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Bedrooms: 2 - 3
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Address: Lavender Meadow , Wymondham, Norfolk, NR18 0FL
The properties on the development benefit from contemporary kitchens, good sized bedrooms and off road parking, plus fenced and turfed private rear gardens.
All shared ownership houses have a B- EPC rating, with double glazing and air source heat pumps as standard.
Total open market values are £270,000 for the two beds, £325,000 for the three beds. The minimum share that can be purchased is 25% and a maximum of 75%. Purchasers can staircase to 100% ownership (fees may apply). Rent will be payable on the remaining share (for example; a 50% share of a three bed, will equate to £372.40 per month, further examples below. The % share and rent amount will change depending on the amount you can afford.
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Share Purchase Price & Rent Examples |
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The share purchase price is calculated using the full market value (£325,000 ) and the percentage share purchased.
If you buy a 50% share, the share purchase price will be £162,500 and the rent will be £372.40 a month.
If you buy a larger share, you’ll pay less rent. The table below shows further examples.
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Share |
Share Purchase Price |
Monthly Rent |
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25% |
£81,250 |
£558.59 |
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30% |
£97,500 |
£521.35 |
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40% |
£130,000 |
£446.88 |
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50% |
£162,500 |
£372.40 |
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60% |
£195,000 |
£297.92 |
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70% |
£227,500 |
£223.44 |
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75% |
£243,750 |
£186.20 |
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The percentage share and rent amount will change depending on the amount you can afford. You’ll receive a worked example after a financial assessment.
Your annual rent is calculated as 2.75% of the remaining share of the full market value owned by Saffron Housing.
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Saffron Housing Trust is a housing association based in South Norfolk with over 6,500 homes in Norfolk, Suffolk and across East Anglia.