Flat 1, 20 Houghton Way

A Modern Home in a Prime Location

Flat 1, 20 Houghton Way is a fantastic opportunity to secure a well‑maintained, modern apartment in one of Suffolk’s most desirable market towns. With its ground‑floor position, contemporary finish, and excellent location, it’s a property that appeals to a wide range.

A beautifully presented ground‑floor two‑bedroom apartment located in the highly sought‑after western side of Bury St Edmunds. Situated in a modern residential development, this property offers contemporary living, excellent transport links, and easy access to local amenities

✨ Key Features

• Spacious ground‑floor apartment
• Two well‑proportioned bedrooms
• Bright open‑plan living/dining area
• Modern fitted kitchen
• Contemporary bathroom
• Allocated parking space
• Secure communal entrance

Financial Breakdown

• Full Market Value: £255,000
• 75% Share Value: £191,250
• Rent on unowned share: £187.15 per month
• Service charge                   £9.51
• Estate charge                     £31.10
• Management fee               £40.91
• Total monthly payment excluding rent   £81.52

🏠 Property Description

Flat 1 at 20 Houghton Way offers comfortable, modern living in a peaceful yet well‑connected part of Bury St Edmunds. The welcoming entrance hall leads to a bright open‑plan living and dining space, perfect for relaxing or entertaining. Large windows allow natural light to fill the room, creating a warm and inviting atmosphere.

The modern kitchen features sleek cabinetry, ample storage, and integrated appliances, making it both stylish and practical.

Both bedrooms are generously sized, with the second bedroom offering flexibility as a guest room, home office, or nursery. The contemporary bathroom includes a full‑size bath with shower over, modern tiling, and quality fixtures.

Outside, the property benefits from allocated parking and well‑maintained communal areas.

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

Location: Houghton Way, Bury St Edmunds

This apartment is perfectly positioned in a desirable residential area known for its quiet surroundings and easy access to everyday conveniences.

• Local Amenities
• West Suffolk Hospital – 1.4 miles away
• Close to local shops, cafés, and supermarkets
• Nearby green spaces and walking routes

Easy access to Bury St Edmunds town centre, with its historic Abbey Gardens, independent shops, restaurants, and cultural venues

🚆 Transport & Connectivity
Houghton Way offers excellent transport links:

• Bury St Edmunds Railway Station – approx. 0.2 miles
• Direct services to Cambridge, Ipswich, Peterborough, and London connections
• A14 – quick access to Cambridge, Newmarket, Ipswich, and major road networks
• Regular local bus services connecting the area with the town centre and surrounding villages

This combination of convenience and connectivity makes the property ideal for commuters and those seeking easy access to regional hubs.