64 Castellum Grange
42 Arclight Way, Colchester, CO1 1HU
with min. deposit
3 bedroom detached house
Wonderful 3 bedroom detached house in the Castellum Grange development. The price advertised represents purchasing a 50% share of the home.
About the Development
Castellum Grange is an exciting new development situated in the heart of the historic town of Colchester. Built by HBF 5* Builder, Persimmon.
This development offers something for everyone with a mix of 2-bedroom houses, 2-bed apartments and some 3-bedroom homes set to launch later this year, all available to purchase with Shared Ownership.
Castellum Grange will feature a permanent wildlife area, landscaped public open space, and designated play area for children of residents. The …
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with min. deposit
Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.
You can read more on the Help to Buy 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