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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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Live from space album cover
  • from

    £129,000

    3 bedroom

from

£129,000

with min. deposit

£12,900

Peabody

£129,000

3 bedroom semi-detached house

Availability

For sale

Minimum share

30%

Full market price

£430,000

Deposit from

£12,900

Monthly rent

£690

Monthly service charge

£85

Reservation fee

£0

Administration fee

£0

Bedrooms

3

Bathrooms

2

Reception rooms

1

Furniture status

unfurnished

Floor area

0

Number of floors

2

Entrance floor

Ground floor

Tenure

leasehold

Lease years

999

Property features

Central heatingDouble GlazingPets allowedOff street parkingPrivate Garden
EER Current0

Overview

3-bed homes starting from £111,2500 for a 25% share (£425,000 full market value).
 
2-bed homes starting from £95,000 for a 25% share (£380,000 full market value).
 
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  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 Colchester Town Railway station. Both these …

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.

from

£129,000

with min. deposit

£12,900

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