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£67,500
This superb modern home is available to buy from as little as £67,500 with a 30% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• 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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £225,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This superb modern home is available to buy from as little as £67,500 with a 30% share!
Situated in the popular riverside town of Maldon, this ground floor maisonette offers comfortable and practical living with the added benefit of access to a communal garden. The property features a bright and spacious living room, a fitted kitchen with ample worktop and storage space, two bedrooms and a shower room. Externally, residents enjoy use of a communal rear garden area, perfect for relaxing outdoors and there is also a small private garden area at the front of the property and an allocated parking space at the rear.
Wantz Road is positioned within easy reach of Maldon’s town centre, where you’ll find a wide selection of shops, supermarkets, cafés, restaurants, and traditional pubs. The area is well served by everyday amenities including medical centres, pharmacies, leisure facilities, and highly regarded local schools. Maldon’s famous Promenade Park and the River Blackwater waterfront are also close by, providing scenic walking routes, play areas, and open green spaces for recreation and relaxation.
The property benefits from good transport connections. Regular bus services provide access to Chelmsford, Witham, and surrounding villages, with mainline rail links from Chelmsford and Witham offering direct services to London Liverpool Street. Road users enjoy convenient access to the A12 and A120, connecting to the M25 and wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £225,000
30% Share Price: £67,500 (rent £442.03pcm)
Minimum 5% Mortgage Deposit (30% share): £3,375
Approximate Service Charges: £64.30pcm*
Lease: 108 years remaining
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership