1 bed flat for sale

Sheepen Place, Colchester CO3

**Shared Ownership Property** Michaels Property Consultants are delighted to offer for sale this well-presented first-floor, one-bedroom apartment, ideally positioned within easy walking distance of Colchester City Centre and Colchester North Station.

The property is held on a leasehold basis, with a lease term of 99 years from 21 July 2009, leaving approximately 82 years remaining. The apartment is offered for sale on a shared ownership basis, with a 70% share available to purchase (full market value £130,000), while the remaining 30% is retained by East Light Community Homes. A combined service charge and ground rent of £131.95 per calendar month is payable to Sapphire Property Management. Please note all shared ownership properties are subject to meeting criteria. All leasehold information and shared ownership criteria should be confirmed with a buyers legal representative at an early stage of your conveyance to prevent any discrepancy.

The apartment features a bright and modern open-plan living arrangement, seamlessly combining the lounge, dining area, and kitchen to create a spacious and inviting environment, enhanced by an abundance of natural light. A large double bedroom benefits from built in wardrobes.

The location is a standout feature, offering excellent access to the city centre’s shops, amenities, and leisure options, all just a short stroll away. Colchester North Station provides direct rail services to London Liverpool Street, making this an ideal choice for professionals, commuters, or individuals seeking strong transport links.

Further benefits include a dedicated allocated parking space, adding practicality and convenience rarely found in such a central setting.

This property represents an excellent opportunity for first-time buyers, looking for a well-located apartment with strong appeal. For further information or to arrange a viewing, please contact Michaels Property Consultants.