2 bedroom apartment for sale
Propelair Way, CO4 5YS
Share percentage 30%, full price £190,000, £2,850 Min Deposit.
Share percentage 30%, full price £190,000, £2,850 Min Deposit.
Monthly Cost: £638
Rent £320,
Mortgage £318*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
Two bedroom ground floor flat
Description
We are delighted to be offering the opportunity to purchase a 30% share of this property through Shared Ownership. Ideally located within walking distance of Colchester North Station and a short drive to Turner Rise retail park. This is a stunning two-bedroom ground floor flat in a four storey block comprising of:
Entrance – Two key operated communal doors to entrance lobby.
Hallway – Doors leading to open plan lounge/kitchen/dining area, 2 x bedrooms and bathroom. Two storage cupboards. Laminate flooring.
Open plan lounge/ kitchen/ dining area – 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 attractive green base and wall units. White worktop and tiled splashback. Space for free standing oven, washing machine and fridge freezer. Stainless steel 1.5 kitchen sink with mixer tap. Laminate flooring.
Bedroom 1 – Double bedroom with en-suite shower room. Laminate flooring.
Bedroom 2 – Double bedroom. Laminate flooring.
Bathroom – Over bath mixer shower, wash hand basin and toilet.
Electric heating and double-glazed windows throughout.
External – One allocated parking space. Communal bin area.
Applications are on a first come first serve basis.
Key Features
30% Shared Ownership
Two large bedrooms
En-suite shower room
One allocated parking space
Short walk to train station
Particulars
Tenure: Leasehold
Lease Length: 989 years
Council Tax Band: D
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: No
Year property was built: Enquire with provider
Unit size: 70 square metres
Accessible measures: Enquire with provider
Listed property: No
Heating: Electric
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
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 30%, full price £190,000, £2,850 Min Deposit. Calculated using a representative rate of 5.03%
