2 bedroom apartment for sale

Available

Collyers Court, East Street, CO1 2TS

£127,500 · Shared Ownership Resale

Share percentage 75%, full price £170,000, £6,375 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Garden
Pets allowed
£127,500 Shared Ownership Resale

Share percentage 75%, full price £170,000, £6,375 Min Deposit.

Monthly Cost: £833
Service charge £106, Mortgage £727*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

Two bedroom ground floor flat

Description

We are delighted to be offering the opportunity to purchase a 75% share of this property through Shared Ownership. Located within walking distance of the town centre, train station and Colchester’s historic Castle Park. This is a well presented two bedroom ground floor maisonette comprising of:

Entrance – Own front door at street level

Hallway - Doors leading to living area, bathroom and bedrooms. Spacious airing cupboard.

Living area –Large living room with space for dining table leading to kitchen. Storage cupboard. Aerial/phone points.

Kitchen – Fitted with a range of modern base and wall units. Gas hob, electric oven and extractor hood. Space for fridge/freezer and washing machine. Stainless steel kitchen sink and drainer. Vinyl flooring. Patio doors to private back garden.

Main bedroom – Double bedroom, carpeted with fitted wardrobes.

Bedroom 2 – Single bedroom. Carpeted.

Bathroom – Bathroom suite with over bath shower, wash hand basin and toilet. Heated towel rail. Vinyl flooring.

External - private back garden, laid to lawn with patio area.

The buyer should be made aware of the following: The purchase price is for a new 99-year lease to be granted. The maximum share that can be owned is 75%, you cannot staircase to buy further shares. There is no rent payable on the property, only the service charge.

Applications are based on a first come first serve basis. Please note, that you will be required to supply a copy of your mortgage in principle/agreement in principle as part of your application.

Key Features

75% Shared Ownership

No rent payable, only service charge

Private back garden

Close to train station

Gas central heating

Particulars

Tenure: Leasehold
Lease Length: 99 years
Council Tax Band: B

Map
Hythe (0.47 miles) Colchester Town (0.65 miles) Colchester Station (1.27 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.

£127,500
Shared Ownership Resale
Estimated Monthly Cost:£833
Rent £0
Service Charge £106
Mortgage £727

Share percentage 75%, full price £170,000, £6,375 Min Deposit. Calculated using a representative rate of 5.26%


Eastlight Community Homes
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Disclaimer
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.