1 bed flat for sale

Sheepen Place, Colchester CO3

Sheepen Place, Central Colchester, CO3 Shared Ownership Opportunity
70% Share Available at £105,000
(Full Market Value £150,000)

This property is available through a shared ownership arrangement, with a 70% share available to purchase for £105,000. Shared ownership can provide a more affordable route onto the property ladder, allowing buyers to purchase an agreed percentage of the property. The property may also be available to purchase at full market value, subject to agreement with the shared ownership provider. Purchasers will be required to meet the relevant eligibility criteria, and our team will be happy to discuss the scheme and help determine whether you qualify.

Property
An excellent opportunity to acquire this well-presented one-bedroom ground floor apartment, ideally situated within walking distance of Colchester City Centre and Colchester North Station. The property offers a welcoming entrance hall, a modern bathroom, a generous double bedroom with built-in storage, and a spacious open-plan living, dining and kitchen area. Patio doors provide direct access to a private terrace, creating an ideal space for relaxing or entertaining.

Location
Sheepen Place enjoys a highly convenient city centre location, offering easy access to a wide range of shops, restaurants, cafés and everyday amenities. Colchester North Station is within close proximity, providing direct rail services to London Liverpool Street, making the property ideal for commuters. Residents can also enjoy nearby Castle Park, one of the city's most popular green spaces, alongside excellent road and public transport links throughout the area.

Other Information
It's owner will also be able to benefit from a residents gym. Water and gas is also included within the service charge payable.

Leasehold Information
We understand this property is offered on a leasehold basis and when any new owner completes on the property, a brand-new lease of 99 years will be applied. Service charge of £1615.36 is payable per annum and we are informed no ground rent is payable. We advise all interested parties to confirm leasehold associated fees, length and set up with their solicitor at an early stage of their conveyance to prevent any discrepancy. The same applies for shared ownership criteria and associated conveyance.

Viewing
Early viewing is highly recommended and strictly by appointment through Michaels Property Consultants. Contact our team today to arrange your viewing and discuss your eligibility for this shared ownership opportunity.