3 bedroom house for sale


Abbey Corner, Colchester, CO3 3DT

£129,000 · Shared Ownership New Build

Share percentage 30%, full price £430,000, £12,900 Min Deposit.

3 bedrooms
Floor plan
Floor plan
£129,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 30%, full price £430,000, £12,900 Min Deposit.

Monthly Cost: £1,508
Rent £690, Service charge £85, Mortgage £733*

Calculated using a representative rate of 5.79%

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.

Final remaining 3-bedroom Shared Ownership houses now available in Colchester.


Stylish 3-bed houses now available | Register your interest to complete your pre-financial assessment and book a 1-1 viewing appointment

Shared Ownership prices at Abbey Corner start from:

  • 3 bed - £106,250 for a 25% share (£430,000 full market value)
  • 2 bed - £95,000 for a 25% share (380,000 full market value)

The Spindle features contemporary kitchens, modern fittings and fixtures, spacious carpeted bedrooms and private outdoor spaces, the development also benefits from communal green area with a children's playground. Abbey Corner is also well positioned for access to Colchester Railway station and Colchester Town Railway station. Both these stations provide links to the surrounding towns and cities. Colchesters train network provides direct access to, among other locations, Chelmsford, Ipswich, Clacton-on-Sea and London Liverpool Street.

Located in a residential area, whilst being close to the historic town centre, Abbey Corner sits just 1 mile from Abbey Field which connects you to the natural beauty that Colchester has to offer.

All properties for sale at Abbey Corner are available through Shared Ownership, a part buy/part rent scheme, designed as a stepping stone for first time buyers looking to get onto the property ladder.

What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Guidance Affordability
In order to purchase a home at Abbey Corner, you will need to complete an affordability assessment to ensure the homes are affordable for you. As a guide, applicants should:

Have a household income of between £49,423 and £80,000
Have a deposit available of at least £12,900

Financial information
Tenure: Leasehold
Length of lease: 999
Annual ground rent amount: £0
Ground rent review period: N/A
Annual service charge amount: £1,020
Service charge review period: Annual
Council tax band: TBC

Want to find out more?

For more information about Abbey Corner be sure to register your interest and be invited to a 1-1 viewing appointment.  

N.B. All images are Computer Generated and indicative only


Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

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Floor Plan Brochure
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Colchester Town (0.84 miles) Colchester Station (1.42 miles) Hythe (1.71 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

Shared Ownership New Build
Estimated Monthly Cost:£1,508
Rent £690
Service Charge £85
Mortgage £733

Share percentage 30%, full price £430,000, £12,900 Min Deposit. Calculated using a representative rate of 5.79%

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Abbey Corner Shared Ownership
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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.