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£68,000
Modern One-Bedroom Apartment in Cressing - Shared Ownership Opportunity
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.
Modern One-Bedroom Apartment in Cressing - Shared Ownership Opportunity
This well-presented second-floor apartment offers a fantastic opportunity for first-time buyers to step onto the property ladder through a 40% shared ownership scheme. Built in 2020, the home features a spacious, open-plan layout spanning approximately 590sq ft. The heart of the home is a generous 20ft kitchen and living area flooded with natural light from the characterful bay window. The property is finished to a high standard throughout, offering a contemporary lifestyle in a quiet residential setting.
Key Features
- Shared Ownership: 40% share available for £68,000.
- Modern Construction: Purpose-built apartment block completed in 2020.
- Spacious Living: Open-plan kitchen/living room measuring 20' x 17'5" into the bay.
- Generous Bedroom: Large double bedroom (14'5" into bay) with built-in storage.
- Energy Efficient: Boasts an impressive EPC Rating of B.
- Allocated Parking: Includes one dedicated parking space plus two visitor spaces.
- Modern Amenities: Equipped with a gas boiler and gas hob.
- Second Floor Privacy: Situated on the top floor (second floor) of the building.
- Long Lease: Approximately 119 years remaining on the leasehold.
Key Information
Tenure: Shared Ownership
Available Shares from: 40%
Full Market Value: £170,000
Share Value (initial purchase) from: £68,000
Rent (on unsold equity): £297,31
Service Charge: £56,59 per month
Lease Length: 119 remaining.
Council Tax Band: A
EPC Rating: B
Located atHowlett Place, Cressing (CM77), the property enjoys a convenient position within easy reach of Braintree. The local area provides a peaceful suburban feel while maintaining excellent connectivity for commuters.
- Transport: Convenient access to local road networks and nearby rail links for travel toward London or Chelmsford.
- Local Services: Served by Anglian Water and OVO Energy.
- Positioned in Band A.
Red Loft
