Robinson Close, Great Bromley, Colchester, CO7
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Shared Ownership
- Minimum 10% Initial Share
- Two Bedrooms
- Semi Rural Position
- Further Shares Available
- Off Road Parking
Description
Shared Ownership homes proudly offered by Orwell housing in this wonderful semi rural position within the village of Great Bromley. A fantastic home benefiting from two bedrooms, living room, kitchen/diner, garden and allocated parking. This property is marketed on behalf of Orwell housing and is available as part of the shared ownership scheme, the asking price represents a 40% share of the full property value at £310,000 but equity can be purchased with shares available from 10-75% based on affordability. These homes are available to people with a local connection or a person who resides or works within Tendring DC and who is also a person in housing need.
Accommodation
Entrance Hall
Ground Floor Cloakroom
Living Room 4.26m x 2.975m (14' 0" x 9' 9")
Kitchen/Diner 5.118m x 3.050m (16' 9" x 10' 0")
Landing
Bedroom 5.118m x 2.950m (16' 9" x 9' 8")
Bedroom 4.36m x 2.818m (14' 4" x 9' 3")
Bathroom
What is Shared Ownership?
Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share . These homes are available to people with a local connection or a person who resides or works within Tendring DC and who is also a person in housing need.
How does Shared Ownership Work?
You buy an initial share from 10-75% of the property's full value based on affordability and pay a subsidised rent on the remaining share you don't own. You may purchase further shares up to 100% of the full property value, as your circumstances change, although there is no obligation to do so. You will be asked to speak with a Financial Advisor to assess what share you can buy, ensuring this is both affordable and sustainable, based on your circumstances.
Shared ownership can be cheaper than renting a property privately as the mortgage cost and subsidised rent usually add up to less than the equivalent rental payments to a landlord.
Example:
. Property Purchase price £310,000
. You purchase a 40% share = £124,000 funded through a combination of your own deposit and mortgage
. You rent the remaining 60% share = £186,000 at a rent of £426.25 per month
. There is an option to purchase up to 100% of the property value at a later point sh...
Service Charge
A service charge of £53.07 per month is applicable on this property.
Key Facts
Please see key facts sheets available as a download.
Brochures
Brochure 1Brochure 2- 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.
- Ask agent
Energy performance certificate - ask agent
Robinson Close, Great Bromley, Colchester, CO7
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Visit our security centre to find out moreDisclaimer - Property reference 29963680. 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 Michaels Property Consultants Ltd, Wivenhoe. 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. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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