No longer on the market
This property is no longer on the market
Floorplan
Map2 bedroom semi-detached house
New build
Sold STC
Semi-detached house
2 beds
1 bath
Key information
Tenure: Leasehold | unconfirmed share | 124 yrs left
Council tax: Ask agent
Features and description
- Brand new Shared Ownership home
- Kitchen/diner
- Parking
- Garden
- Easy access to Colchester
- Ground floor cloakroom
Shared Ownership
This brand new home is available to buy from as little as £170,000 with a 50% share!
Coggeshall Mill is situated in the idyllic market town of Coggeshall, where it has historically been known to produce the finest of silks and best of Ales. Coggeshall Mill is well connected to some of Essex’s most charming places, you’ll be able to enjoy your new countryside lifestyle while still being only 9 miles away from Colchester for all your shopping and entertainment needs. The town of Coggeshall is home to many amenities, too, so you won’t have to travel far to get your essentials.
Coggeshall is a quaint and highly regarded village renowned for its listed buildings and dates back to at least Saxon times. It retains a real community spirit with activities and social groups attractive to all ages.
There are regular events held by the community and the Parish Council which attract visitors from afar. There are also a variety of shops, pubs, a post office and highly regarded restaurants. There is comprehensive schooling including the Honywood Community Science Secondary School, St Peter’s Primary School and the Montessori nursery “Absolute Angels”.
The village holds a market every Thursday which has been a regular event since 1256. Kelvedon mainline station is within 3 miles and the Coggeshall community bus makes regular trips in mornings and evenings which many commuters find an essential service. The nearby A12 and A120 provide access to other parts of the region notably Colchester, Chelmsford, Braintree and Stansted Airport.
This brand new semi detached home features a spacious kitchen/diner at the back of the house with a separate living room, ground floor cloakroom, two double bedrooms, bathroom, parking and a garden.
PRICING & AFFORDABILITY
Approximate Size 851 sq ft
Full Market Value: £340,000
50% Share Price: £170,000 (rent £389.58pcm)
60% Share Price: £204,000 (rent £311.67pcm)
75% Share Price: £255,000 (rent £194.79pcm)
Minimum 5% Mortgage Deposit (50% share): £8,500
Approximate Service Charges: £57.09 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Cogglesall Mill you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Sown Shared Ownership are part of the Leaders Romans Group and are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit .
This brand new home is available to buy from as little as £170,000 with a 50% share!
Coggeshall Mill is situated in the idyllic market town of Coggeshall, where it has historically been known to produce the finest of silks and best of Ales. Coggeshall Mill is well connected to some of Essex’s most charming places, you’ll be able to enjoy your new countryside lifestyle while still being only 9 miles away from Colchester for all your shopping and entertainment needs. The town of Coggeshall is home to many amenities, too, so you won’t have to travel far to get your essentials.
Coggeshall is a quaint and highly regarded village renowned for its listed buildings and dates back to at least Saxon times. It retains a real community spirit with activities and social groups attractive to all ages.
There are regular events held by the community and the Parish Council which attract visitors from afar. There are also a variety of shops, pubs, a post office and highly regarded restaurants. There is comprehensive schooling including the Honywood Community Science Secondary School, St Peter’s Primary School and the Montessori nursery “Absolute Angels”.
The village holds a market every Thursday which has been a regular event since 1256. Kelvedon mainline station is within 3 miles and the Coggeshall community bus makes regular trips in mornings and evenings which many commuters find an essential service. The nearby A12 and A120 provide access to other parts of the region notably Colchester, Chelmsford, Braintree and Stansted Airport.
This brand new semi detached home features a spacious kitchen/diner at the back of the house with a separate living room, ground floor cloakroom, two double bedrooms, bathroom, parking and a garden.
PRICING & AFFORDABILITY
Approximate Size 851 sq ft
Full Market Value: £340,000
50% Share Price: £170,000 (rent £389.58pcm)
60% Share Price: £204,000 (rent £311.67pcm)
75% Share Price: £255,000 (rent £194.79pcm)
Minimum 5% Mortgage Deposit (50% share): £8,500
Approximate Service Charges: £57.09 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
At Cogglesall Mill you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Sown Shared Ownership are part of the Leaders Romans Group and are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit .
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.