Share percentage 35%, full price £300,000, £10,500 Min Deposit.
Monthly Cost: £1,037
Rent £447,
Service charge £60,
Mortgage £530*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Applicants are required to complete an application form and affordability checks. Properties offered on a first come, first served basis.
Summary
New build three-bedroom semi-detached house in Frinton-on-Sea, Essex
Description
Two new build three-bedroom semi-detached houses available for Shared Ownership in the seaside town of Frinton-on-Sea, Essex. Expected January 2025 (subject to change). Reserve now from plan.
Situated close to schools and a range of local amenities, the development is 15 miles south east from the city of Colchester in the growing community of Frinton-on-Sea. Surrounded by lots of high quality green open space, Frinton-on-Sea has a reputation for being a quieter seaside town with a beautiful sandy beach. The promenade is lined with colourful, old-fashioned beach huts and the community feel makes the town popular with families. For those commuting, the closest major road is the A133. Frinton-on-Sea’s railway station is 0.7 miles away and offers services to Colchester. London Liverpool Street is accessible in around 90 minutes.
Key Features
Property features include:
- Double glazing
- Gas central heating
- Private garden
- Private parking with electric vehicle charging point
- NHBC Warranty
- Solar panels
- Fully fitted kitchen with integrated appliances
- Flooring throughout
- Public open space with play area a short walk away
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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
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 35%, full price £300,000, £10,500 Min Deposit. Calculated using a representative rate of 4.59%
