1/10
£191,250
This superb modern home is available to buy from as little as £191,250 with a 75% 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.
Shared Ownership
**Please note, this property is subject to a 75% maximum staircasing restriction, and no monthly rent is payable**
This well-presented second floor home in the sought-after area of Eastwood Park, Great Baddow offers a practical and comfortable layout, ideal for first-time buyers or downsizers.
At the heart of the property is a bright and welcoming sitting room, providing a relaxing space to unwind or entertain. The adjoining kitchen/dining area is thoughtfully arranged, offering ample room for both cooking and casual dining, with a natural flow that suits modern living.
The property features two well-proportioned bedrooms, each offering flexibility for sleeping, working from home, or additional storage. A neatly arranged bathroom and separate WC add convenience and functionality to the layout.
Positioned within a quiet residential setting, the home benefits from an elevated position, enhancing privacy while still being close to local amenities, transport links, and green spaces.
Overall, this is a well-balanced property combining comfort, practicality, and location—an excellent opportunity to secure a home in a popular Chelmsford neighbourhood.
Situated in the highly regarded area of Great Baddow, this property enjoys a convenient yet peaceful setting on the outskirts of Chelmsford city centre. The neighbourhood offers a strong sense of community alongside a wide range of everyday amenities, including local shops, supermarkets, cafés, and well-regarded schools. For leisure, there are nearby parks and open green spaces, as well as access to riverside walks and recreational facilities. Chelmsford city centre is just a short distance away, providing an extensive selection of retail, dining, and entertainment options. Commuters are well served by excellent transport links, with easy access to the A12 and regular bus routes, while Chelmsford railway station offers direct services into London Liverpool Street, making this an ideal location for those needing to travel into the capital.
PRICING & AFFORDABILITY
Full Market Value: £255,000
75% Share Price: £191,250 (no monthly rent)
Minimum 5% Mortgage Deposit (75% share): £9562.50
Approximate Service Charges: £132.44pcm*
Lease: 103 years
Sown Shared Ownership
