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61 Sage at St Michael's Place

Shared ownership

Flat 7, Lehua House, Colchester, CO2 9RT

For salenew home
Shared ownership
Plot  gallery image
Live from space album cover

from

£108,750

with min. deposit

£5,438

50% Share from
£108,750
Full market price
£217,500
Minimum deposit
£5,438
Monthly rent
£249
Monthly service charge
£85

2 bedroom flat

Brand new 2 bedroom apartment in the St Michael's Place development. The price advertised represents purchasing a 50% share of the home.

About the Home

This stunning two bedroom apartment has been finished to a high standard and offers modern and stylish living throughout.

Set in a fantastic location you are within walking distance to a number of primary schools, a nature reserve and a short drive to the town centre.

The home itself comes with a fully fitted bathroom, a stylish kitchen with an oven, hob and extractor fan and allocated parking.

About the Area

Colchester is a historic town being Britain’s first city, with many great places to visit …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£108,750

with min. deposit

£5,438

50% Share from
£108,750
Full market price
£217,500
Minimum deposit
£5,438
Monthly rent
£249
Monthly service charge
£85
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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