Bayes Avenue, Coggeshall, Colchester
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- No onward chain – available now
- Shared ownership: 25% share at £85,000 (full market value £340,000)
- Nearly new semi-detached home with kitchen/diner, living room, cloakroom, 2 double bedrooms, bathroom, garden and parking
- Located in the historic and highly regarded market town of Coggeshall, with shops, pubs, schools and community events nearby
- Excellent transport links with Kelvedon mainline station (3 miles), A12/A120 access, and community bus service
- Affordable entry with low service charge (£56.02 pcm), long 124-year lease, and option to staircase up to 100% ownership
Description
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.
Sales Disclaimer
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase
- 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: D
- 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.
- Ask agent
Bayes Avenue, Coggeshall, Colchester
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