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£120,000
Well-Presented 2-Bed Apartment in Colchester | Shared Ownership Resale | Great Location
You can apply to buy the home if all of the following apply:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Well-Presented 2-Bed Apartment in Colchester | Shared Ownership Resale | Great Location
A well-presented two-bedroom first floor apartment offered through the Shared Ownership scheme, ideally located within walking distance of Colchester city centre and excellent transport links. Finished to a high standard throughout, this home is ready to move straight into and offers spacious, well-planned accommodation suited to modern living.
The property features a bright and comfortable living space alongside a contemporary kitchen fitted with an oven, fridge and integrated washer/dryer, creating a practical and stylish environment for everyday life. Both bedrooms are generously proportioned, providing flexibility for a guest room, home office or additional storage, while the modern bathroom complements the clean, neutral finish throughout.
Residents can also enjoy access to a communal courtyard and bike storage, adding further convenience for day-to-day living.
Key Features
- Two-bedroom first floor apartment
- Shared Ownership resale
- Modern fitted kitchen with oven, fridge & washer/dryer
- Spacious and well-planned accommodation
- Communal courtyard and bike storage
- Low service charge and no ground rent
- Walking distance to city centre and stations
Key Information:
Tenure: Shared Ownership
Available Shares from: 75%
Full Market Value: £160,000
Share Value from: £120,000
Rent (on unsold equity): £0
Service Charge: £78.83 per month
Lease Length: A new 99-year lease will be granted.
Council Tax Band:B
EPC Rating: B
Situated at Collyers Court, East Street, Colchester (CO1 2TS), the property is ideally placed for convenience. Colchester city centre, shops and supermarkets are all within walking distance. For commuters, Hythe Station, Colchester Town Station and Colchester Station are all easily accessible on foot, offering direct services to London and surrounding areas. Road users benefit from straightforward access to the A12.
Please note that this sale will be completed via a surrender and re-grant, meaning the buyer will receive a new 99-year lease on completion. The maximum share that can be owned under the terms of the lease is 75%.
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.
Red Loft