A new pathway home with Share to Buy
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2 bedroom house for sale

Available

Branstons Drive, East Bergholt, CO7 6FN

£134,750 · Shared Ownership New Build

Share percentage 35%, full price £385,000, £6,738 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£134,750 Shared Ownership New Build · Eligibility Eligibility

Share percentage 35%, full price £385,000, £6,738 Min Deposit.

Monthly Cost: £1,382
Rent £573, Service charge £58, Mortgage £751*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Constable Gardens you can buy a minimum 35% 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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**Pet policy applies, please contact for further information.

***These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Summary

This brand new home is available to buy from as little as £134,750 with a 35% share!

Description

This brand new home is available to buy from as little as £134,750 with a 35% share!

Constable Gardens is a brand new development of homes situated within the village of East Bergholt. The village has the benefit of a good range of local facilities including a general store and post office, baker, chemist, GP surgery and medical centre. Parish, Congregational Churches and many local associations. The village provides educational facilities from pre-school age to GCSE, sixth form colleges in Colchester and Ipswich. There are several independent schools in both nearby towns and throughout the area.

A12 links to the M25 and A14. Regional Airport is Stansted, approximately an hour by car. There is a mainline railway station in Manningtree, with a journey time of around an hour to London Liverpool Street. The village is famous for its historical connections with John Constable RA, and the landscape he painted is still very much the same today. From the village there are numerous footpaths giving direct access into this Area of Outstanding Natural Beauty. The village benefits from a great sense of community and offers attractions for every age demographic.

This brand new semi detached home has accommodation that features an entrance hall, cloakroom, open plan kitchen/diner, separate lounge, two bedrooms, bathroom, parking and garden.


PRICING & AFFORDABILITY

Approximate Size 851 sq ft

Full Market Value: £385,000

35% Share Price: £134,750 (rent £573.49pcm)
50% Share Price: £192,500 (rent £441.15pcm)
75% Share Price: £288,750 (rent £220.57pcm)

Minimum 5% Mortgage Deposit (35% share): £6737.50
Approximate Service Charges: £58.33 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

Key Features

Brand new Shared Ownership home

Open plan kitchen/diner

Garden

Parking

Ground floor cloakroom

Access to A12 with links to Ipswich and Colchester

Particulars

Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Map
Manningtree (3.36 miles) Mistley (4.87 miles) Colchester Station (5.66 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: Yes

Outside Space/Garden: n/a - Private Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£134,750
Shared Ownership New Build
Estimated Monthly Cost:£1,382
Rent £573
Service Charge £58
Mortgage £751

Share percentage 35%, full price £385,000, £6,738 Min Deposit. Calculated using a representative rate of 5.03%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.