1 bedroom apartment for sale
37 Phillips Crescent, Cressing, CM77 8GS
Share percentage 50%, full price £175,000, £4,375 Min Deposit.
Share percentage 50%, full price £175,000, £4,375 Min Deposit
Monthly Cost: £739
Rent £201,
Service charge £51,
Mortgage £487*
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
New 1 bedroom apartment in the Paddocks development. The price advertised represents purchasing a 50% share of the home.
Description
New 1 bedroom apartment in the Paddocks development. The price advertised represents purchasing a 50% share of the home.
Start building your future ~ the affordable way ~ with Shared Ownership
About the Home
This brand-new one-bedroom apartment is located in the sought-after Paddocks development. Designed with modern living in mind, it features an open-plan layout, stylish flooring throughout, and the added convenience of allocated parking
About Shared Ownership
Shared Ownership enables you to buy a share of a home with a mortgage and pay rent on the remaining share. There will be a lease for the portion of the home you don’t purchase, with Sage Homes.
Initially you can buy a minimum 25% share of a home (the maximum you can buy initially is 75%). You can buy more shares or take your ownership to 100% at a later date; this is known as staircasing.
See our Shared Ownership Guide for more information, eligibility & next steps.
About the Development
Sage Homes are proud to be working with 5* Housebuilder, Countryside to bring to you this collection of houses, available to purchase with Shared Ownership.
These beautiful two and three bedroom semi-detached and end of terrace properties built by Countryside offer 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.
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.
About the Area
Cressing is a rural village just outside of popular historic market town, Braintree.
Nearby Cressing and mainline Witham train stations offer convenient access into London, as well as routes to Colchester and Norwich.
London Stansted Airport is just 19 miles away, which is a 20-minute drive by car!
For those travelling by road, the A12, A120 and M11 are all within easy access providing quick links to nearby towns of Witham, Chelmsford, Brentwood, plus the M25.
T&C's
*Please note these photos are for information purposes only and may not represent a true likeness for the homes being sold. Some of the images may have been taken from another development of similar style houses and been digitally furnished to represent how the home could be laid out. The final colours / appearance may differ from the images shown both externally & internally. Please speak to our sales agent for more specification information.
*As per the KID1 document; Services Charge will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 2 bedroom ground floor apartment
- Flooring throughout
- Storage space
- Open plan living
- Allocated parking
- Modern fitted kitchen
- NHBC Warranty
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 50%, full price £175,000, £4,375 Min Deposit. Calculated using a representative rate of 5.03%
