1 bedroom apartment for sale
Sheepen Place, CO3 3LT
Share percentage 70%, full price £145,000, £5,075 Min Deposit.
Share percentage 70%, full price £145,000, £5,075 Min Deposit
Monthly Cost: £751
Service charge £200,
Mortgage £551*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
One bedroom third floor flat
Description
We are delighted to be offering the opportunity to purchase a 70% share of this property through Shared Ownership. Ideally located within walking distance of Colchester North Station and Colchester City Centre and close to the local primary school, Colchester Institute and Colchester Sixth Form College. This is a well presented one bedroom flat in a three storey block comprising of:
Entrance – Key operated communal door to entrance lobby.
Hallway – Carpeted hallway. Doors leading to open plan lounge/kitchen/dining area, bedroom and bathroom. Two storage cupboards.
Open plan lounge/ kitchen/ dining area – Open plan lounge/kitchen with space for dining table. Laminate flooring. Aerial/phone point.
Kitchen – Fitted with a range of wooden base and wall units. Worktop and tiled splashback. Integrated electric oven, gas hob and stainless-steel extractor hood. Space for fridge/freezer and washing machine. Stainless steel 1.5 kitchen sink with mixer tap. Laminate flooring.
Bedroom – Double bedroom. Fitted wardrobe. Carpeted. Aerial/phone point.
Bathroom – Over bath thermostatic shower, wash hand basin and toilet.
Gas central heating and double-glazed windows throughout.
External – One allocated parking space plus visitors permit. Bin area and bike storage. Free access to nearby gym facilities with coded access.
Service charge includes water and gas utilities. No rent is payable on the remaining shares of this property.
NOTE : Service charge is an estimate and we await confirmation of actual monthly fee
Applications are based on a first come first serve basis.
Key Features
70% Shared Ownership
No rent to pay on remaining shares
Access to on-site gym
Car port parking space
Close to city centre
Particulars
Tenure: Leasehold
Lease Length: 92 years
Council Tax Band: B
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Allocated
Outside Space/Garden: No - Communal Garden
Year property was built: 2015
Unit size: Enquire with provider
Communal lift: No
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 70%, full price £145,000, £5,075 Min Deposit. Calculated using a representative rate of 4.78%
