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Abbey Corner Shared Ownership

Shared ownership

Abbey Corner Colchester Essex, CO3 3DT

For salenew home
Shared ownership
ProEXR File Description

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B (half)
G (half)
R (half)
Live from space album cover
  • from

    £112,500

    2 bedroom

  • from

    £127,500

    3 bedroom

from

£112,500

with min. deposit

£11,250

Peabody

£112,500

2 bedroom semi-detached house

£127,500

3 bedroom semi-detached house

£127,500

3 bedroom semi-detached house

£129,000

3 bedroom semi-detached house

£145,500

3 bedroom semi-detached house

Availability

For sale

For sale

For sale

For sale

For sale

Minimum share

30%

30%

30%

30%

30%

Full market price

£375,000

£425,000

£425,000

£430,000

£485,000

Deposit from

£11,250

£12,750

£12,750

£12,900

£14,550

Monthly rent

£602

£681

£681

£690

£778

Monthly service charge

£83

£85

£85

£85

£85

Reservation fee

£0

£0

£0

£0

£0

Administration fee

£0

£0

£0

£0

£0

Bedrooms

2

3

3

3

3

Bathrooms

1

2

2

2

2

Reception rooms

1

1

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

Floor area

0

0

0

0

0

Number of floors

2

2

2

2

2

Entrance floor

Ground floor

Ground floor

Ground floor

Ground floor

Ground floor

Tenure

leasehold

leasehold

leasehold

leasehold

leasehold

Lease years

999

999

999

999

999

Property features

Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
EER Current00000

Overview

Now Viewing Saturday 11 February. Register your interest to book your viewing appointment
 
3-bed houses starting from £127,500 for a 30% share (£425,000 full market value)
 
2-bed houses now fully reserved
 
Abbey Corner is a desirable collection of 2 & 3-bed houses in Britain’s first city, Colchester. Featuring contemporary kitchens, modern fittings and fixtures, spacious carpeted bedrooms and private outdoor spaces, the development also benefits from communal green area with a children’s playground. 
 
All homes benefit from at least one parking space. Abbey Corner is also well positioned for access to Colchester Railway station and …

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.

from

£112,500

with min. deposit

£11,250

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