Sage Homes at De Vere Grove
Sage Homes at De Vere Grove
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3 Bedrooms Semi-detached house |
3 Bedrooms Semi-detached house |
|---|---|---|
| Property Number | 26 | 25 |
| Availability | FOR SALE | FOR SALE |
| Advertised Share | 50% | 50% |
| Full Market Price | £405,000 | £405,000 |
| Deposit From | £10,125 | £10,125 |
| Monthly Rent | £465 | £465 |
| Monthly Mortgage Cost | £1,002 | £1,002 |
| Monthly Service Charge | £78 | £78 |
| Estimated Monthly Cost | £1,545 | £1,545 |
| Bedrooms | 3 | 3 |
| Bathrooms | 1 | 1 |
| Number Of Floors | 1 | 1 |
| Tenure | Leasehold | Leasehold |
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Sage Homes at De Vere Grove
Overview
Earls Colne is a small village just a few miles from the popular Halstead. This development will be offering a selection of 3 bedroom homes available through Shared ownership. Earls Colne has a selection of local amenities such as a convenience store, tennis club as well as providing a primary school and doctors surgery. All homes are offered with various integrated appliances and allocated parking.
Travel Times
- 21 mins From Colchester to Chelmsford
- 58 mins From Colchester to London Liverpool Street
- 3 mins Boots Pharmacy
- 5 mins Table coffee shop
- 9 mins Primary School
- 7 mins Halstead
- 20 mins Colchester
- 35 mins Chelmsford
Key Features
- Two parking spaces
- Ample storage space
- Local amenities
- Great travel links
- Village location
- 3 bedroom semi-detached homes
- Sought-after location
- Allocated parking
FAQs
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.
The eligibility criteria for Shared Ownership is simple; 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.
Your annual household income (that's both yours and your partners' if buying together) can't exceed £80,000 (or £90,000 in London) and you'll need to have savings to cover purchasing costs such as solicitors fees and your mortgage deposit.
There's no fixed minimum income; you just need to be able to afford to buy the home and the monthly costs - this will be established via an affordability.
No - the scheme is designed to help people buy a suitably sized home that they cannot afford to buy otherwise. That typically means first time buyers, but if you've owned a home before and are selling, perhaps due to a divorce or needing to buy a bigger home, and cannot afford to buy, you might be eligible for Shared Ownership.
Affordability Calculator
Disclaimer
The figures and estimates shown in this calculator should not be relied on as confirmation of affordability and should only be used as an indicative guide to monthly costs. The monthly rental cost is based on 2.75% on the retained equity (subject to change please ask your sales agent). This will usually increase by the annual rate of RPI. The monthly mortgage cost is based on a Variable Rate Mortgage at 5.50% over a 35-year repayment loan. Other costs will apply such as service charge. Sage Homes is not authorised or regulated by the Financial Conduct Authority to provide financial advice. You should always seek advice and recommendations from an independent financial advisor regarding mortgage products, affordability, interest rates, repayment methods and terms and conditions. You should also seek independent legal advice. Your home may be repossessed if you do not keep up payments on a mortgage or any other loan secured against it.