Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Stanford Road, 2 bed homes


Stanford Road, Colchester, Colchester, CO4 5NF

Shared ownership

Starting prices

40% share from
£74,000
Full price
£185,000
Minimum deposit
£3,700
Monthly rent
£234
Monthly service charge
£76

Overview

Colne Housing is proud to offer this very attractive 2 bedroom, first floor apartment.

This well-kept apartment was built in 2017 and is situated on the first floor of a four story building.

There is an open plan lounge, kitchen and dining area. The kitchen has space for a washing machine, cooker and fridge freezer (not included).

There are two double bedrooms, both with large windows and fitted carpet. 

The bathroom is of a large size and consists of a low-level WC, wash hand basin, paneled bath with overhead shower.

The apartment also benefits from one allocated parking space.

Key features:

Open plan kitchen / living room
2 double bedrooms
Allocated parking
Gas Central Heating
Communal Lift
FMV - £185,000
Share available - 40%
Share value - £74,000
Rent - £233.75
Service charge - £76.10

Contact Iceni on sales@icenihomes.com for more information or to book a viewing!

The properties are subject to a new valuation every 3 months to ensure the values are in line with current market. This property is due a new valuation in December 2019.


Local area information

It is within easy reach of local shops, schools and within walking distance of Colchester's mainline railway station and General Hospital. The A12 dual carriageway is also within a short drive. 


Housing Provider

Colne Housing
Shared ownership

Starting prices

40% share from
£74,000
Full price
£185,000
Minimum deposit
£3,700
Monthly rent
£234
Monthly service charge
£76