2 bedroom apartment for sale
Badger Mount, Braintree, CM7 2DE
Share percentage 35%, full price £230,000, £4,025 Min Deposit.
Share percentage 35%, full price £230,000, £4,025 Min Deposit.
Monthly Cost: £819
Rent £343,
Service charge £75,
Mortgage £401*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
Am I eligible?
The Ridge at Rayne Road offers a selection of one and two bedroom homes for Shared Ownership, built by Redrow Homes. Priority will be given to those who live and/or work in the Braintree District Council.
- Your annual household income must be no more than £80,000
- You must be unable to purchase a home suitable for your needs on the open market
- You must not have any outstanding credit issues (e.g. unsatisfied defaults or County Court Judgments)
- You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us as there are some circumstances under which you may still be eligible
- In line with government priorities, priority for Shared Ownership homes is awarded to serving military personnel and former members of the British Armed Forces honourably discharged within the last two years.
Summary
NOW FULLY RESERVED - Contemporary two bedroom apartments with parking. Register your interest today
Description
About The Ridge at Rayne Road
With homes set in a peaceful location surrounded by open spaces including ponds and a trim trail, Rayne Road benefits from being close to outstanding schools and excellent local amenities on Braintree High Street just 15 minutes walk from the development.
Rayne Road is situated to the north east of London, with excellent road and rail connections to Colchester, Chelmsford and London beyond.
To register your interest or for any other enquiries please contact the Customer Service Team – Sales
Please note:
Images displayed may be examples of previous Clarion Housing developments that will not always be indicative of the specification at this development and may not correspond exactly to the available properties described.
Key Features
- One and two bedroom apartments and houses with parking
- Only a 15 minute walk to Braintree high street
- Braintree Station only 6 minutes drive from the site and close to the A120, with a bus route directly outside the development
- Drive to Freeport outlet shopping village in under 15 minutes
Property Downloads
Brochure Price ListMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £230,000, £4,025 Min Deposit. Calculated using a representative rate of 3.94%
Clarion Housing
