Fennel Drive, Red Lodge, IP28
£56,250

PROPERTY DETAILS

This is a 25% Shared Ownership home, and the leaseholder is selling their share of the property.

Any buyer will be purchasing a 25% share, and then make regular Monthly payments as follows:

• Rent of£378.69 payable to Flagship

• Service charge £6.89

• Sinking fund £5.37

• Buildings insurance £31.71

• Admin fee £0.47

• Details can be found within the lease agreement. Important information about the sale; the home cannot be sold for more than the RICS valuation. Please note that the RICS valuation is valid for a maximum of 3 months and is the seller’s responsibility to update this if expired. No one is classed as processable for a shared ownership property if they earn more than £80,000 as a combined household income annually or own another property. If they are selling, they are only proceedable once they are SSTC with a complete chain.

  Prospective buyers must obtain approval from a specialist Independent Financial Advisor. Flagship Homes panel is available if needed to verify their eligibility for Shared Ownership. Additionally, Homes England now mandates a ‘specialist shared ownership advisor’ to review and confirm that all relevant checks have been conducted.

The property in question is located on Fennel Drive, Red Lodge. This two bedroom terraced house embodies modern living in a sought-after neighbourhood. Upon entering, you are welcomed into an attractive hallway leading to the modern kitchen and ground floor shower room. The bright and spacious living area seamlessly flows out into the private rear garden.

Upstairs, two generously sized bedrooms offer a peaceful retreat for relaxation. The master bedroom boasts natural light with fitted wardrobes, while the second bedroom provides flexibility for various living arrangements. A well-equipped family bathroom completes the upper level.

This property is further enhanced by its convenient location, providing easy access to local amenities, schools, and transport links. It presents an excellent opportunity for first-time buyers and/or small families a quality residence in a popular residential area. With its modern features and excellent condition, this terraced house represents a delightful abode with the potential to become a cherished home for its new owners.

Location

The popular village of Red Lodge is positioned just off the A11 some 5 miles from the historic horse racing town of Newmarket and 13 miles from the market town of Bury St Edmunds. There is excellent access to the A14 which interconnects to the M11 motorway to London and the A11 to the east. The university city of Cambridge can be reached in approximately 30 minutes.

The nearby village of Kennet benefits from having a railway station and there is a branch line connection from Newmarket to Cambridge and Ipswich. Cambridge and Whittlesford Parkway offer direct rail lines into London, with Cambridge North Station and the fastest trains taking under one hour. Stansted International Airport is around 40 minutes away.   

Village Information

Red Lodge dates to 1926 when the first houses were built, although the public house is far older, having been recorded on a map at the site in 1885. The village has seen a lot of changes in recent years with many new homes from a variety of building companies built on the old rabbit warren lands of Freckenham Manor at the northern end of the village, Kings Warren Development. There is an active community with many local clubs and groups in the village and it is surrounded by beautiful countryside. Regular buses serve the village offering transportation to Mildenhall, Newmarket, Bury St Edmunds and other nearby towns and villages. 

Facilities

Facilities in the village include primary school, village hall (known as the Millennium Centre), a sports pavilion with five-a-side football pitch and tennis courts. There is a public house/steak house restaurant, convenience store, pharmacy and other local shops. The nearby village of Chippenham is home to Chippenham Park and the favoured La Hogue Farm Shop and cafe.

The nearby horseracing town of Newmarket provides a further range of amenities including schools, shops, supermarkets, hotels, restaurants, and leisure facilities including health clubs, a swimming pool and golf club. Renowned globally for thoroughbred horses and boasting two separate racetracks with quality horses competing throughout the season.