Penny Fields
Tokely Road, Colchesternew home
Shared ownership
Live from space album cover

Sitting in the open countryside in the county of Essex, the village of Frating is set in a wonderful location surrounded by fields and open spaces. Just a short walk away from the development is The K...



3 bedroom

Register interest

from £130,000 with min. deposit £13,000


3 bedroom Semi-detached house


For sale

Minimum share


Full market price


Deposit from






Reception rooms


Number of floors




Property features


A brand new collection of two, three and four bedroom homes available for sale in the peaceful village of Frating.

With a selection of houses and bungalows available, this modern development is perfect for first time buyers and growing families alike. The tranquil village setting is surrounded by open fields, perfect for those looking for their new home in the countryside.

Just a short drive away is the historic town of Colchester, where you can find your day-to-day amenities as well as a range of independent stores and restaurants, the perfect place to go on a day out.

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.
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.
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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