2 bedroom apartment for sale
86 Dovehouse Field, Cressing, CM77 8GP
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Share percentage 50%, full price £225,000, £5,625 Min Deposit.
Monthly Cost: £1,020
Rent £258,
Service charge £135,
Mortgage £627*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Wonderful 2-bedroom apartment in the Paddocks Development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 2-bedroom apartment in the Paddocks Development. The price advertised represents purchasing a 50% share of the home.
About the Development
These beautiful properties built by Countryside offer modern living with a stylish kitchen to include oven, hob and extractor fan, contemporary living room. These properties have been finished to a high standard throughout. If you are looking to step onto the property ladder, this is the perfect opportunity to do so.
About the Home
This beautiful 2 bedroom apartment is finished to a high standard throughout, with a modern style kitchen, contemporary bathroom suite, and fitted flooring throughout. Enjoy an open plan layout as well as spacious bedrooms.
About the Area
Cressing is a rural village just outside of Braintree which offers a range of amenities including local shops, a railway station and a primary school. The A120 and A131 are easily accessible providing excellent transport links to Stansted Airport and Chelmsford City.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change
Key Features
- 2 bedroom, 1st floor apartment
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Allocated parking
- Open plan living
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 5.03%
