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The Mills - 2 bed house in Essex

Stanstead road, Elsenham, Essex, Essex, CM22 6YA

Available Now

Full price £285,000 / minimum share £114,000 (40%)

2 bedroom houses available through Shared Ownership

Affordable housing scheme: Shared Ownership (Also known as part buy part rent, you purchase a share of a brand new property and rent the remainder from the housing provider. The price shows the minimum share available, and the size of the share you purchase will depend on what you can afford.)

Budget calculator

Estimated total monthly cost£963

(includes: rent£392,

service charge£0,

estimated mortgage£571)

The Mills provides a wide choice of homes complete with fresh contemporary interiors that will appeal to all buyers whether you are a young professional, growing family or looking to downsize. Perfectly positioned amongst landscaped areas of green open space, this attractive development will incorporate a play area and allotments as well as having the idyllic Stansted Brook running to the South of the development.

Conveniently located on Stansted Road, The Mills is within easy reach of the village centre, Elsenham Station and a host of good local schools. What's more, residents living here will be able to enjoy peace and tranquility without feeling isolated, as youcan be on the A120 and M11 within just a short drive, as well as being within easy reach of Stansted Airport if you are looking to travel further afield.

All Enquiries

0300 100 0309

sharedownership@clarionhg.com

EPC Certificate

Accessibility Rating

Check with provider for accessibility information.

Eligibility

Priority given to Essex County Zone Help to Buy approved applicants.

What is Shared Ownership?

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under most Shared Ownership schemes, you buy a share of between 25% and 75% of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.

You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

Am I eligible?

There are certain conditions to be eligible for a Shared Ownership property:

• Your annual household income must be no more than £80,000

• You must be unable to purchase a home suitable for your needs without assistance.

• In many cases, you must be able to demonstrate aconnection to the local area of the development.

• You must not have any outstanding credit issues (i.e. 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.

If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property

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.

Travel

The Mills is ideally positioned on Stansted Road on the B1051. The High Street is a short walk away and the B1051 provides direct access to both the A120 and M11. Elesenham Train Station is also nearby and has regular trains into London Liverpool Street. For those looking to travel abroad, Stansted Airport is a short drive away and offers routes to a variety of destinations.

Specification

  • Fully fitted kitchen with laminate worktop and upstand (subject to stage of construction)
  • Electric oven and ceramic hob
  • Integrated extractor fan
  • Heated towel rail
  •  Full height Porcelanosa tiling around bath
  • TV/FM and SKY points to the living room and master room

Please note:

All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.

These prices are to be used as a guideline only as they may change

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.