2 bed semi-detached house for sale

62 Melvin Way, Woolpit, Bury St Edmunds IP30

Highlight Housing, The Affordable Homes Agency, working with L&G Affordable Homes, is pleased to present this delightful two bedroom, semi-detached Shared Ownership house at 62, Melvin Way, Woolpit, Suffolk. The price shown represents purchasing a 25% share of the property.

A well-presented and spacious home situated in the highly sought-after village of Woolpit, offering an ideal blend of modern living and countryside charm.

This attractive property provides generous and versatile accommodation, perfect for families, first-time buyers, or those seeking a peaceful village lifestyle within easy reach of excellent transport links.

The ground floor comprises a welcoming entrance hall, leading into a bright and airy living room, and an open plan modern fitted kitchen/dining area, and additional downstairs toilet, with access to the rear garden-ideal for entertaining. Upstairs, you'll find two well-proportioned bedrooms and a contemporary family bathroom.

Externally, the property benefits from a private rear garden, ideal for relaxing or outdoor dining, along with off-road parking

This idyllic location provides all the essential amenities on your doorstep, with nearby towns including Stowmarket and Bury St Edmunds offering a great range of shops, bars and restaurants, together with a leisure centre, cinema and golf club. Parents are also well catered for with highly-rated schools close to the community, including Woolpit Primary School and Elmswell Community Primary School.

Commuters will benefit from easy access to local towns and cities via two nearby train stations or the A14, which runs to the north of the village.

Financial Breakdown:

• Full market value: £250,000
• 25% Share Value: £62,500
• Monthly Rent: £560.32 per month
• Service charge £0.00
• Estate charge £28.16 per month
• Buildings insurance £19.25 per month
• Management fee £40.91 per month
• Reserve fund payment £0.00
• Total monthly payment excluding rent £88.32
• Lease length: 247 years

Location

Melvin Way is located within the desirable village of Woolpit, a charming and well-served Suffolk village ideally positioned between Bury St Edmunds and Stowmarket.

The village offers a strong sense of community alongside a range of useful amenities, including:

• Local shops and convenience stores
• Traditional pubs and eateries
• A well-regarded primary school
• Village hall, playing fields, and recreational areas

Woolpit is surrounded by attractive open countryside, providing excellent opportunities for walking and outdoor activities while still being conveniently connected.

The historic market town of Bury St Edmunds (approx. 7 miles) offers an extensive range of shopping, restaurants, cafés, and leisure facilities, along with cultural attractions such as the Abbey Gardens and Theatre Royal.

Transport Links

The property is well placed for commuters, offering excellent road and rail connections:

• A14 trunk road - easily accessible, providing direct links to Ipswich, Cambridge, and the M11
• Stowmarket Railway Station - approx. 4-5 miles away
• Direct trains to London Liverpool Street in approximately 90 minutes, Ipswich - 12 minutes
• Elmswell station - 2 miles - Links to Cambridge and wider rail network
• Bury St Edmunds Station - approx. 7 miles away
• Regular bus services connect Woolpit to surrounding towns and villages.
• The A14 provides quick access via car to Bury St Edmunds, Newmarket and Cambridge to the West. Or drive South East for Stowmarket and Ipswich.
• The M11 is your closest motorway, connecting you to the M25 and London.

Nearby Amenities & Facilities

• Village shop and local services within walking distance
• Primary school nearby
• Supermarkets, retail parks, and high street shopping in Bury St Edmunds
• Restaurants, pubs, and cafés locally and in neighbouring towns
• Green spaces, countryside walks, and parks

What is Shared Ownership?

Shared Ownership offers a more accessible route to homeownership by allowing you to purchase a share of a property's value, while paying a subsidised rent on the remaining share.

The share purchase price is based on the full market value of the property, and your rent is calculated on the remaining share owned by the landlord.

Over time, you may choose to buy additional shares in your home through a process known as staircasing, potentially increasing your ownership up to 100%.

Eligibility Criteria

• To be eligible for Shared Ownership, you will need to:
• Have a combined household income under £80,000 per annum
• Be unable to purchase a suitable home on the open market
• Meet one of the standard criteria, such as being a first time buyer or forming a new household

About Highlight Housing

We are The Affordable Homes Agency.

Finding an affordable home should not feel impossible. Highlight Housing exists to improve access to good-quality, safe, affordable homes for sale and rent across the UK, working with trusted housebuilders, housing associations, private sellers and landlords.

With over 15 years' experience across shared ownership, shared equity, mid-market rent and rent to buy, we provide clear, practical guidance that helps people understand what is genuinely within reach.

Our focus is on supporting individuals and families to move forward with confidence into a secure, well managed future home they can afford.

Shared Ownership Disclaimer

Shared Ownership is subject to eligibility, affordability checks and the terms of the lease. Rent, insurance and other costs will increase over time and should be considered carefully. Failure to meet mortgage, rent or other payments could put your home at risk.

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