2 bedroom apartment for sale

Under Offer

Badger Mount, Braintree, CM7 2DE

£80,500 · Shared Ownership New Build

Share percentage 35%, full price £230,000, £4,025 Min Deposit.

Under Offer
2 bedrooms
1 Bathroom
£80,500 Shared Ownership New Build · Eligibility Eligibility

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

£
Eligibility

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 List
Map
Braintree (1.55 miles) Braintree Freeport (2.04 miles) Cressing (3.02 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • 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.

£80,500
Shared Ownership New Build
Estimated Monthly Cost:£819
Rent £343
Service Charge £75
Mortgage £401

Share percentage 35%, full price £230,000, £4,025 Min Deposit. Calculated using a representative rate of 3.94%


Development banner
Development
The Ridge at Rayne Road
View development
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.