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£101,500
Older Persons Shared Ownership (OPSO), available for those aged 55 or over, enables buyers to buy-part and part-rent a purpose-built home, whether it be because they’re looking to downsize from their existing family home or their current abode simply isn’t suitable for their needs anymore. This means that monthly costs are often much smaller than a full mortgage or privately renting a home.
- You must be aged 55 years or older. However, some OPSO developments will allow a couple where the main applicant is 55 but a second applicant is 50 or older.
- Your maximum household income must not exceed £90,000 per annum in London or £80,000 outside of London.
- You should be unable to purchase a home suitable for your needs without assistance.
- You do not already own a home, or you will need to sell any existing property owned before purchasing through the scheme.
- You will need to be able to secure a mortgage or have sufficient savings to pay the share in full if retired.
Eastlight are proud to offer this well presented 2 bedroom flat on the first floor at Longstraw Close, Stanway.
Ideally located within walking distance to Tollgate retail park, this property benefits from good bus route, local village shops, post-office, access to the A12 and a short drive to Colchester town centre.
The flat is in a two-storey building with a communal, key operated, entrance to the building and is accessible via the entrance stairs (refer to pictures). It comprises of hallway, 2 bedrooms, bathroom, dinning room/ living room and a newly fitted, barely used, kitchen.
New flooring and new blind fixtures throughout. Fully tiled bathroom with walk in shower.
Please note that the property is an OPSO - refer to eligibility information.
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