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£108,750
Stylish One-Bedroom Maisonette with Loft Storage – Shared Ownership Opportunity
You can apply to buy the home if all of the following apply:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
A well-presented one-bedroom first floor maisonette offered through the Shared Ownership scheme, ideally located within walking distance of Colchester city centre and excellent transport links. This home is finished to a high standard and benefits from a newly renovated kitchen and bathroom, making it ready to move straight into.
The property offers well-planned accommodation, including a bright living space and a modern kitchen fitted with a built-in oven, gas hob and extractor fan. The bedroom benefits from a built-in cupboard, with additional storage available in the hallway and a useful loft space.
Residents can also enjoy access to a communal courtyard and bike shed, adding practicality for day-to-day living.
Key Features
- One-bedroom first floor maisonette
- Shared Ownership resale
- Newly renovated kitchen and bathroom
- Loft space plus built-in storage cupboards
- Modern kitchen with oven, gas hob & extractor
- Communal courtyard and bike shed
- Low service charge and no ground rent
- Walking distance to city centre and stations
Key Information
- Tenure: Shared Ownership
- Available Shares from: 75%
- Full Market Value: £145,000
- Share Value (initial purchase) from: £108,750
- Rent (on unsold equity): £0
- Service Charge: £68.99 per month
- Lease Length: A new lease of 99-years will be granted.
- Council Tax Band: A
- EPC Rating: B
Location
Situated at Collyers Court, East Street, Colchester (CO1 2TS), the property is ideally placed for convenience. Colchester city centre, shops and supermarkets are all within walking distance. For commuters, Hythe Station, Colchester Town Station and Colchester Station are all easily accessible on foot, offering direct services to London and surrounding areas. Road users benefit from straightforward access to the A12.
Please note that this sale will be completed via a surrender and re-grant, meaning the buyer will receive a new 99-year lease on completion.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Red Loft