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Flagship Resales

Mill Road, Colchester, CO4 5QH

For sale
Shared ownership
Photo of Flagship Resales
Photo of Flagship Resales
Photo of Flagship Resales
Photo of Flagship Resales
50% Share from
£116,000
Full market price
£232,000
Minimum deposit
£5,800
Monthly rent
£411
Monthly service charge
£10.31

2 bedroom house

An Excellent two bedroom mid terrace house providing ideal accommodation for first time buyers. 

CALL 01603 255444 FOR FULL INFORMATION

The accommodation comprises:


Ground floor
• Entrance hall with carpet flooring. Coat hooks. Radiator. Phone sockets.
• Kitchen/Diner (3.75m x 3.38m) with a range of wall and base units with spaces for freestanding
appliances. Vinyl flooring. Extractor fan.
• Lounge (5.64m x 3.30m) with carpet flooring. Radiator. Phone socket.
• WC with white sanitaryware. Carpet flooring.


First floor
• Master bedroom (4.24m x 3.05m) with carpet flooring. TV socket. Radiator.
• Bedroom two (4.54m x 2.30m).
• Bathroom with white …

Features

Off street parking

Pets allowed

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold
Flagship Homes

Flagship Homes

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.

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