1 bedroom apartment for sale

Available

Sheepen Place, CO3 3LT

£101,500 · Shared Ownership Resale

Share percentage 70%, full price £145,000, £5,075 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Pets allowed
Parking
£101,500 Shared Ownership Resale

Share percentage 70%, full price £145,000, £5,075 Min Deposit.

Monthly Cost: £672
Service charge £94, Mortgage £578*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

One bedroom coach house

Description

We are delighted to be offering the opportunity to purchase a 70% share of this property through Shared Ownership. Ideally located within walking distance of Colchester North Station and Colchester City Centre and close to the local primary school, Colchester Institute and Colchester Sixth Form College. This is a well presented one bedroom coach house comprising of:

Entrance-own front door at street level

Hallway – carpeted entrance hall with stairs to 1st floor landing. Doors leading to open plan lounge/kitchen/dining area, bedroom and bathroom.

Open plan lounge/ kitchen/ dining area (4.85m X 5.80m) – Well-presented open plan lounge/kitchen with space for dining table. Doors leading to Juliet balcony. Laminate flooring. Aerial/phone point.

Kitchen – Fitted with a range of wooden base and wall units. Worktop and tiled splashback. Integrated electric oven, gas hob and stainless-steel extractor hood. Space for fridge/freezer and washing machine. Stainless steel kitchen sink with mixer tap. Laminate flooring.

Bedroom – Double bedroom. 2 x built in cupboards with clothes rails. Carpeted. Aerial/phone point.

Bathroom – Over bath electric shower, wash hand basin and toilet. Tiled flooring.

Gas central heating and double-glazed windows throughout.

External – One undercover parking space plus visitors permit. Secure storage area adjacent to parking with sole access. Free access to nearby gym facilities with coded access.

Service charge includes water and buildings insurance. No rent is payable on the remaining shares of this property.

Please note, the purchase price is for a new 99 year lease to be granted.

Applications are based on a first come first serve basis. Please note, that you will be required to supply a copy of your mortgage in principle/agreement in principle as part of your application.

Key Features

70% Shared Ownership

No onward chain

No rent payable on remaining shares

Undercover parking

Access to gym facilities

Particulars

Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: B

Map
Colchester Station (0.48 miles) Colchester Town (0.64 miles) Hythe (1.49 miles)
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.

£101,500
Shared Ownership Resale
Estimated Monthly Cost:£672
Rent £0
Service Charge £94
Mortgage £578

Share percentage 70%, full price £145,000, £5,075 Min Deposit. Calculated using a representative rate of 5.26%


Eastlight Community Homes
View properties by this developer
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.