keaze logo

9 Wombat Street

Shared ownership

Wombat Street Stanway, Colchester, CO3 8AX

For sale
Shared ownership
Photo of 9 Wombat Street
Live from space album cover

from

£105,000

with min. deposit

£5,250

35% Share from
£105,000
Full market price
£300,000
Minimum deposit
£5,250
Monthly rent
£510
Monthly service charge
£14.11

2 bedroom semi-detached house

Spacious two-bedroom semi-detached house positioned to the West of Colchester in the popular district of Stanway. The property offers excellent access to nearby Stane Retail Park, with a wide range of shopping facilities, restaurants and pubs, access to the A12, and Colchester Zoo a short distance away. 

 

Internally, accommodation is offered in the form of; a carpeted entrance hall, downstairs cloakroom, large living room with inset storage, modern kitchen-diner with integrated appliances, two double bedrooms, en-suite shower room to the rear bedroom and separate family bathroom. 

 

Outside, Garden & Parking: 

 

Outside, the garden commences …

Features

Allocated parking

Back Garden

Front Garden

Central heating

Double Glazing

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors2
Entrance floorGround floor
Tenureleasehold
Key Information Document

from

£105,000

with min. deposit

£5,250

35% Share from
£105,000
Full market price
£300,000
Minimum deposit
£5,250
Monthly rent
£510
Monthly service charge
£14.11
CHP

CHP

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

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

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.

Similar properties

10 Ken Gatward Close
Shared ownership

10 Ken Gatward Close

10 Ken Gatward Close, Frinton-on-Sea

3

1

Minimum deposit

£3,750

25% Share from

£75,000

Full price

£300,000

76 Grange Park
Shared ownership

76 Grange Park

new home

30 Old Cannon Way, Bury St. Edmunds

2

1

Minimum deposit

£7,500

50% Share from

£150,000

Full price

£300,000

77 Grange Park
Shared ownership

77 Grange Park

new home

32 Old Cannon Way, Bury St. Edmunds

2

1

Minimum deposit

£7,500

50% Share from

£150,000

Full price

£300,000