1 bedroom house for sale
Plot 222, Land South Of Wycke Hill And L, CM9 6SH
Share percentage 50%, full price £232,500, £5,813 Min Deposit.
Share percentage 50%, full price £232,500, £5,813 Min Deposit.
Monthly Cost: £976
Rent £266,
Service charge £48,
Mortgage £662*
Calculated using a representative rate of 5.26%
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
Wonderful 1 bedroom maisonette in the Wycke Place development. The price advertised represents purchasing a 50% share of the home.
Description
Wonderful 1 bedroom maisonette in the Wycke Place development. The price advertised represents purchasing a 50% share of the home.
About the Development
Wycke Place is a Crest Nicholson development in the popular Essex town of Maldon. Maldon is a delightful town located on the Blackwater Estuary, so if you are looking for your escape to have water front walks and countryside nearby but still need everything within easy access then look no further.
About the Home
Entering the property, you are greeted by an entrance hall which has the benefit of a storage cupboard.
This leads through to the open plan kitchen/dining/living area with a storage cupboard, the bedroom and bathroom.
About the Area
The historic town of Maldon has a variety of restaurants, shops, cafes/tearooms and pubs along with a superb choice of supermarkets, schools and other local amenities.
The Promenade Park is a popular day out with views over the Blackwater Estuary and facilities including food huts, play areas, picnic areas and a Splash Park as well as events taking place throughout the year.
If you need to commute by car, there is easy access to the A12 to get to Colchester and Chelmsford as well as the M25. The nearby town of Witham and village of Hatfield Peverel both offer train stations with direct services to London Liverpool Street, so this is ideal if you need to commute by train.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 1 bedroom maisonette
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Allocated parking
- Open plan living
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £232,500, £5,813 Min Deposit. Calculated using a representative rate of 5.26%
