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- Compair Crescent, 122, Compair Cres, Ipswich, IP2 0EJ
Compair Crescent, 122, Compair Cres, Ipswich, IP2 0EJ
122, Compair Crescent, 122, Compair Cres, Ipswich, IP2 0EJ
Shared Ownership Flat
2-bedroom ground-floor apartment available in Ipswich through Shared Ownership!
Overview
This 2-bedroom apartment features two great-sized bedrooms, one bathroom apartment with an open kitchen/living area and permit parking, including visitor parking, and a private patio area - located in Ipswich.
Key Features
- Two bedrooms
- One bathroom with shower over bath unit
- 108-year lease
- Fully fitted kitchen with integrated appliances
- Plush fitted carpets in both bedrooms for added comfort
- Allocated Permit Parking
- Private patio area
- Shares available from 40%
Key Information
Tenure: Shared Ownership
Available Shares from: 40%
Full Market Value: £120,000
Share Value (initial purchase) from: £48,000
Rent (on unsold equity): £121.35
Service Charge: £125.74 per month
Lease Length: 108 years
Council Tax Band: B
EPC Rating: C
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Nestled in the established residential heart of Ipswich, residents benefit from excellent access to local amenities, with a range of shops, eateries and everyday services nearby, as well as regular public transport links and convenient routes into the Ipswich town centre and surrounding areas. Educational facilities, including primary and secondary schools, are within easy reach, making this postcode attractive for both professionals and families alike. Ipswich Station is just a 10-minute walk from the property, and services two direct trains an hour to London Liverpool Street Station in just over an hour.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £80,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
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.
