Share Price £104,000 (from 40% Min. Share)

Full Value £260,000 | £5,200 Min. Deposit

Scheme: Shared Ownership

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Penny Fields - 2 bed house in Colchester - Essex

place Tokely Road, Frating, CO7 7GA

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2 bedroom home ideal for first time buyers


Ideal for first time buyers looking for their new home, The Colne features a modern open-plan living/dining/kitchen area. There are also two double bedrooms and a family bathroom. It is available via our flexibleshared ownership schemewith prices based on a 40% share.

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arrow_backwards Back to Penny Fields - 2 bed house in Colchester - Essex

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Share price
£ 104,000
Min. £104,000
Share percentage
Min. 40%
Your deposit
Min. £5,200
Monthly cost*
Cost breakdown
Service charge
Calculated using a representative rate of 3.94%

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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.