3 bedroom house for sale
21 Drory Way, Cressing, CM77 8GX
Share percentage 50%, full price £395,000, £9,875 Min Deposit.
Share percentage 50%, full price £395,000, £9,875 Min Deposit.
Monthly Cost: £1,616
Rent £453,
Service charge £63,
Mortgage £1,100*
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 3 bedroom semi-detached house in the Paddocks Development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 3 bedroom semi-detached house in the Paddocks Development. The price advertised represents purchasing a 50% share of the home.
About the Development
BRAND-NEW two & three bedroom semi-detached homes just for you! Situated in Tye Green, Cressing and built by 5* Housebuilder, Countryside!
Speak to a Sales Agent for more information - Don't miss your chance to start your Shared Ownership journey!
Sage Homes are proud to be working with Countryside to bring to you this collection of houses, available to purchase with Shared Ownership.
Ideally located in a village setting between Braintree and Witham, The Paddocks is designed with community in mind. An abundance of green open space is seen throughout this development, including a new village green and play area.
If you are looking to step onto the property ladder, this is the perfect opportunity to do so!
About the Home
A beautiful three bedroom semi-detached home built by Countryside offering modern living with a stylish kitchen/diner to include oven, hob and extractor fan, contemporary living room, ground floor cloakroom and modern bathroom. This home has 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 Area
Cressing is a sought after village location offering great transport links to nearby towns such as Braintree and Witham. The A120, M11 and Stansted Airport are all within easy reach. Cressing also offers a number of local, reputable schools and amenities.
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.
*Service Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- Allocated parking
- Fitted kitchens with oven, hob and extractor
- Turfed rear garden
- Double glazing
- Gas central heating
- Modern bathroom suite
- Flooring throughout
- Downstairs cloakroom
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £395,000, £9,875 Min Deposit. Calculated using a representative rate of 5.03%
