Share percentage 40%, full price £300,000, £12,000 Min Deposit
Monthly Cost: £1,000
Rent £365,
Service charge £40,
Mortgage £595*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
2 bed terraced house - available for purchase now
Description
Ideally located on Ipswich Road, Eastlight is offering the opportunity to purchase 40% shares (or more) of this well-kept 2 bed house under shared ownership.
Just a stone’s throw from the site is a large 24hr Tesco supermarket, a Health Club, a Sports Centre and Colchester’s Rugby Club. A number of good nursery and primary schools, and some of the top performing grammar schools are situated only 5 – 15 minutes away.
This is a great opportunity for small families or downsizers
The nicely presented 2 bed house benefits from:
- 2 allocated parking spaces per plot
- Landscaped rear garden
- Fitted kitchen with integrated fridge/freezer, gas hob over electric over, SPACE for dishwasher and washing machine
- Downstairs toilet
- Open plan living and dining room
With stairs leading to the first floor:
- Large master bedroom
- Family bathroom
- Good size double bedroom
Key Features
- 2 allocated parking spaces
- Proximity to a range of amenities in a developing area
- 40% shares or more available for purchase
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: B
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Garden
Year property was built: 2019
Unit size: 82 sq/m
Accessible measures: Enquire with provider
Flooded within the last 5 years: No
Listed property: No
Heating: Gas Central
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: Enquire with provider
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 40%, full price £300,000, £12,000 Min Deposit. Calculated using a representative rate of 4.42%
