Bright two-bedroom top-floor home with balcony and allocated parking, ideal first-time buyers.
40% shared ownership; 40% share price £110,000 (full value £275,000)
A well-presented first-floor coach house offered as a 40% shared-ownership purchase, ideal for buyers taking their first step on the housing ladder. The apartment sits on the top floor of a contemporary, detached building completed in 2020 and extends to approximately 850 sq ft. Bright open-plan living combines with modern finishes, a south-east aspect and a balcony that extends the living space. High-performance glazing, insulated walls/roof/floor and gas central heating give a very good energy-efficiency rating and keep running costs down.
Both bedrooms are generous doubles and the bathroom and kitchen are modern, making the property move-in ready. Practical extras include an allocated car-port with under-stairs storage/utility cupboard and a private ground-floor entrance. The advertised 40% share price is £110,000 (full value £275,000) with a shared-ownership rent of £463.96 pcm and a service charge of £49.96 pcm (subject to review). Guideline minimum deposit £11,000; minimum income guidance applies (Dual £33,400 | Single £39,700).
Be clear about limitations: this is a leasehold/shared-ownership home, so staircased ownership rules, rent and service charges apply. There is no private garden — outdoor space is limited to the balcony and nearby Oak Meadow Nature Reserve. The immediate area is marked by higher crime levels and relative deprivation; priority for applications is given to those living or working in Braintree local authority. Overall, the property offers an affordable, low-maintenance route into a modern home with scope to increase ownership over time.
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