A new start with shared-ownership homes in Norwich?

Legal & General Affordable Homes is launching a collection of brand new contemporary Shared Ownership homes in Norwich to help buyers take their first step on the property ladder.

Shared Ownership supports those who are unable to purchase a property on the wider market, it enables you to buy a portion of a property while paying rent on the remainder of the portion each month.  Through a process called staircasing, the buyer can increase the percentage that they own up to 100 per cent by buying further shares should they wish to.

The new Shared Ownership homes across various locations in Norwich, including Broadland Fields, Watton Meadows, The Ostlers, Sorrell Grove and Buttercross Place, will be launched in phases throughout 2023.

Discover Broadland Fields

The first phase of homes at Broadland Fields offer a minimum 40% share starting at £120,000 for a three-bedroom and £143,000 for a four-bedroom home.  Each home has open plan living areas that are full of natural light, well-appointed interiors, a private garden and two parking bays, as well as a garage attached to selected properties.  Every home also has space for a home office helping you strike the perfect work-life balance.

Set on the outskirts of Norwich near the River Yare, homes at Broadland Fields offer the best of both worlds. Close to both the beautiful Norfolk countryside and the cobbled streets of Norwich, they are also perfectly placed to benefit from a range of local amenities, including shops, restaurants, pubs and well-regarded schools all within easy travelling distance. This is a unique opportunity to put your own stamp on a contemporary home – whether you’re a first-time buyer or looking to relocate in a beautiful part of the country.

Homes are designed to be energy efficient, helping owners keep bills low, and some homes are also equipped with photovoltaic roof panels, supporting new sustainable communities across Norwich.

Ben Denton, Chief Executive at Legal & General Affordable Homes, said: “There are too many people who feel their chance of owning a property is slipping away.  With Shared Ownership we are determined to bring that opportunity within reach again.  Whether you’re a first-time buyer or a family looking for room to grow, our homes in Norwich offer the perfect blend between town and country living in stunning surroundings and modern, beautiful and energy-efficient homes. There really is something for everyone.”

Legal & General Affordable Homes’ developments in Norwich include a second phase of new homes launching at Watton Meadows in February 2023, Sorrel Grove launching in May 2023 and Buttercross Place launching in December 2023.