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Cygnet Way, Dunmow, Essex

PROPERTY TYPE

Detached

BEDROOMS

3

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Brand new Shared Ownership home
  • Parking
  • Garden
  • Close to local amenities
  • Easy access to Stanstead Airport
  • Kitchen/diner

Description

This brand new home is available to buy from as little as £190,000 with a 40% share!

Home to a variety of everyday amenities in a sought-after location, Great Dunmow provides a tranquil retreat with access to all of the essentials. The popular town is known for its independent retailers, with traditional homeware stores, stylish boutiques, salons and cosy coffee shops. Supermarkets are located close to home including Tesco and Co-op, whilst a wide range of pubs, restaurants and takeaways are also on the doorstep.

The larger towns of Bishops Stortford and Braintree are approximately 10 miles away whilst the City of Chelmsford is just 14 miles from Great Dunmow. For those travelling further afield, London Liverpool Street is just 45 minutes by train from Bishop’s Stortford, and the M11 is less than 10 miles via the A120. Stansted Airport is just five miles away from the development.

The exciting community will feature public open space with equipped play areas for welcome recreation. Adjacent to the A120, this growing community opens the door to a wealth of commuting opportunities with road links to Chelmsford, Colchester, London and Cambridge being easily accessible for those travelling for work or leisure. Living at Great Dunmow Grange, you can enjoy the finest aspects of town and countryside living. Peaceful evenings and weekends await, whilst the thrill of the hustle and bustle of a flourishing town is still only moments away.

This brand new detached home features a kitchen/diner at the back of the house, overlooking the garden with a separate lounge and a ground floor cloakroom. To the first floor are three bedrooms and a bathroom. Externally the property benefits from parking and a rear garden.

PRICING & AFFORDABILITY

Approximate Size 1,001 sq ft

Full Market Value: £475,000

40% Share Price: £190,000 (rent £653.13pcm)
50% Share Price: £237,500 (rent £544.27pcm)
75% Share Price: £356,250 (rent £272.14pcm)

Minimum 5% Mortgage Deposit (40% share): £9,500
Approximate Service Charges: £21.82 pcm*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

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.

At Great Dunmow Grange you can buy an initial maximum 75% share of your home 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.


COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Cygnet Way, Dunmow, Essex

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About SOWN, Nationwide

Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GZ
Welcome to SOWN

We believe that Shared Ownership is the future of getting on the property ladder. And we're here to help you secure the right home for your needs - at your own pace.

Evolved from Leaders Romans Group in 2018, SOWN is a dedicated Shared Ownership brand. We provide a full sales and marketing service on behalf of Housing Providers and private sellers across the UK, for both new-build and re-sale Shared Ownership homes. Our specialist team focuses exclusively on Shared Ownership, which allows us to give the Shared Ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, Maidenhead, Manchester, London, Nottingham and Bishops Stortford.

At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Providers. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way.

Our formula for getting Shared Ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all initial phone and web enquiries, which are then passed onto the Sales team and eventually our Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice.

Ready to start your Shared Ownership journey? To find out how SOWN can help you find your dream home, contact us today.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£906
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference SDO241021. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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