Sheepen Place

Sheepen Place, Colchester, CO3 3LT

Shared Ownership Opportunity | 1-Bed Ground Floor | Parking | Gym Access | Great Links

This well-presented one-bedroom ground floor apartment is available through the Shared Ownership scheme, offering an excellent opportunity for first-time buyers to step onto the property ladder. Finished to a high standard throughout, the home provides comfortable and practical living in a convenient and well-connected location.

The property features a bright open-plan kitchen and living area, creating a sociable space ideal for both everyday living and entertaining. Patio doors open directly onto a paved area and garden space, offering valuable outdoor access. The bedroom includes a built-in wardrobe, while two spacious hallway storage cupboards provide excellent additional storage.

Further benefits include an allocated parking space located close to the property, two visitor permits, and access to a nearby communal gym, enhancing both convenience and lifestyle. Gas central heating is installed, with gas and water costs included within the service charge.

Overall, this is a well-balanced home, ideal for those seeking their first property with the added benefit of outdoor space and excellent local amenities.

Key Features:

  • Well-presented one-bedroom ground floor apartment
  • Shared Ownership opportunity
  • Finished to a high standard throughout
  • Open-plan kitchen and living area
  • Patio doors to paved area 
  • Built-in bedroom wardrobe
  • Two spacious hallway storage cupboards
  • Allocated parking space plus two visitor permits
  • Access to nearby communal gym
  • Gas and water included within service charge
  • EPC Rating: C

 

Location
Ideally located for both commuting and leisure, the property is within walking distance of Colchester Train Station (approximately 10 minutes), offering direct services to London Liverpool Street in around 50 minutes, as well as convenient links to Chelmsford and Ipswich. The town centre is also close by, providing a range of shops, cafés and everyday amenities. For those who enjoy coastal escapes, the beaches of Frinton, Clacton and Walton are all within approximately a 30-minute drive, while excellent road connections are available via the A12, A14 and M25.

Key Information:

  • Tenure: Shared Ownership
  • Available Shares from: 50%
  • Full Market Value: £150,000
  • Share Value (from): £75,000
  • Rent on unsold equity: £175.63 per month
  • Service Charge: £128.14 per month
  • Lease: New 122 years remaining
  • Council Tax Band: B
  • EPC Rating: C

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