1/22
£72,000
Stylish One-Bedroom First Floor Apartment with Allocated Parking | Chesterwell, Colchester
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.
Stylish One-Bedroom First Floor Apartment with Allocated Parking | Chesterwell, Colchester
Situated on the highly regarded Chesterwell development by Mersea Homes, this well-presented one-bedroom first floor apartment offers contemporary living in a sought-after North Colchester setting.
Extending to approximately 48.9 sqm, the property features a bright and spacious open-plan kitchen and reception room, and enhanced by a bay window that fills the space with natural light. The modern kitchen is fitted with integrated appliances, creating a sleek and practical environment ideal for both everyday living and entertaining.
The generous double bedroom provides comfortable accommodation, complemented by a well-appointed family bathroom. Finished in neutral tones throughout, the apartment offers a move-in-ready home that would suit first-time buyers, professionals or investors alike.
Further benefits include one allocated parking space, additional visitor parking, gas central heating, and an excellent EPC rating of B.
Key Features
- Well-presented first floor apartment
- Spacious open-plan kitchen/reception room
- Modern fitted kitchen with integrated appliances
- Generous double bedroom
- Contemporary family bathroom
- Allocated parking space plus visitor parking
- Energy efficient EPC rating B
- Gas central heating via boiler
Key Information:
- Tenure: Shared Ownership
- Available Shares from: 40%
- Full Market Value: £180,000
- Share Value from: £72,000
- Rent (on unsold equity): £250.04 per month
- Service Charge: £43.82 per month
- Lease Length: 93-years remaining
- Council Tax Band: B
- EPC Rating: B
Location Information
This home is positioned within the popular Chesterwell development to the north of Colchester, an area well regarded for its convenient access to local amenities and transport links.
The property is within easy reach of the Northern Gateway Leisure Park, offering a range of retail and leisure facilities, as well as Colchester General Hospital. For commuters, Colchester North railway station provides direct services into London Liverpool Street, while the nearby A12 offers straightforward road connections towards London and the coast.
This is an excellent opportunity to secure a modern home in a well-connected and growing residential location.
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