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- Collyers Court, 3, East Street, Colchester, CO1 2TS
Collyers Court, 3, East Street, Colchester, CO1 2TS
3, Collyers Court, Collyers Court, East Street, Colchester, CO1 2TS
Shared Ownership Coach house
This well-presented two-bedroom coach house offers an excellent opportunity to purchase a 75% share on a Shared Ownership basis, with the benefit of low service charges and no ground rent. The home is light, practical, and welcoming, with five rooms in total plus a stairway, providing a comfortable living environment.
The property comes with the use of a communal courtyard and bike sheds, with plenty of road parking nearby. Offered with a brand new 99-year lease for the buyer, this home represents an affordable and secure step onto the property ladder.
- Two-bedroom coach house with loft space
- 75% share available on shared ownership basis
- Low service charges and no ground rent
- New lease for the buyer
- Gas central heating with modern boiler
- Communal courtyard and bike storage facilities
- Plenty of on-street parking nearby
- Excellent location close to Colchester town centre, train stations, A12, and local shops
Situated close to Colchester town centre, the property enjoys excellent connectivity with local train stations including Hythe, Colchester Town, and Colchester Station-all within walking distance or a short journey. For commuters, the A12 is also easily accessible. Everyday essentials are well catered for, with supermarkets and shops just a short stroll away.
Please be advised that the maximum share available to own is 75%. This sale will have to proceed by way of surrender and regrant, resulting in a new lease, and this cost may be split between the current owner and purchaser. Please speak to Red Loft for more information.
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
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You must be at least 18 years’ old with a clean credit history
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Your annual household income must be less than £90,000 in London, or £80,000 outside of London
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You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
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You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
