2 bedroom semi-detached house for sale

NO ONWARD CHAIN

Shared Ownership - 25% Share - £85,000
Full value = £340,000

Coggeshall Mill is situated in the idyllic market town of Coggeshall, where it has historically been known to produce the finest of silks and best of Ales. Coggeshall Mill is well connected to some of Essex’s most charming places, you’ll be able to enjoy your new countryside lifestyle while still being only 9 miles away from Colchester for all your shopping and entertainment needs. The town of Coggeshall is home to many amenities, too, so you won’t have to travel far to get your essentials.

Coggeshall is a quaint and highly regarded village renowned for its listed buildings and dates back to at least Saxon times. It retains a real community spirit with activities and social groups attractive to all ages.

There are regular events held by the community and the Parish Council which attract visitors from afar. There are also a variety of shops, pubs, a post office and highly regarded restaurants. There is comprehensive schooling including the Honywood Community Science Secondary School, St Peter’s Primary School and the Montessori nursery “Absolute Angels”.

The village holds a market every Thursday which has been a regular event since 1256. Kelvedon mainline station is within 3 miles and the Coggeshall community bus makes regular trips in mornings and evenings which many commuters find an essential service. The nearby A12 and A120 provide access to other parts of the region notably Colchester, Chelmsford, Braintree and Stansted Airport.

This nearly new semi detached home features a spacious kitchen/diner at the back of the house with a separate living room, ground floor cloakroom, two double bedrooms, bathroom, parking and a garden.

PRICING & AFFORDABILITY

Approximate Size 851 sq ft

Full Market Value: £340,000

Minimum 5% Mortgage Deposit (50% share): £8,500
Approximate Service Charges: £56.02 pcm*
Shared Ownership Lease: 124 years
Council Tax Band: D

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

Offered for sale with a 25% currently, when you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.