The Paddocks
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1 Bedroom Flat |
|---|---|
| Property Number | 44 |
| Availability | FOR SALE |
| Advertised Share | 50% |
| Full Market Price | £175,000 |
| Deposit From | £4,375 |
| Monthly Rent | £201 |
| Monthly Mortgage Cost | £433 |
| Monthly Service Charge | £165 |
| Estimated Monthly Cost | £799 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Number Of Floors | 1 |
| Tenure | Leasehold |
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The Paddocks
Overview
Coming Soon - Brand new 1 Bedroom Apartment ready to move in
Register your interest now!
Sage Homes are proud to be working with 5* Housebuilder, Countryside to bring to you this collection of houses, available to purchase with Shared Ownership.
These beautiful two and three bedroom semi-detached and end of terrace properties built by Countryside offer modern living with a stylish kitchen/diner to include oven, hob and extractor fan, contemporary living room, ground floor cloakroom and modern bathroom. This home has been finished to a high standard throughout. If you are looking to step onto the property ladder, this is the perfect opportunity to do so.
Ideally located in a village setting between Braintree and Witham, The Paddocks is designed with community in mind. An abundance of green open space is seen throughout this development, including a new village green and play area.
Travel Times
- 7 mins From Cressing to Braintree Town
- 53 mins From Cressing to London Liverpool Street
- 3 mins Cressing Primary School
- 15 mins Cressing Railway Station
- 4 mins Braintree Freeport Village
- 12 mins Braintree Town Centre
Key Features
- 1 bedroom, ground floor apartment
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Allocated parking
- Open plan living
- 3 piece bathroom with shower over bath
- There will be an added service charge
Site Plan
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.