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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Brand new shared ownership home
  • Lounge/diner/kitchen
  • Allocated parking
  • Second floor
  • Two double bedrooms
  • Stylish apartment

Listing view statistics

Last 30 days: 182 page views

Since listed: 1468 page views

Description

***Shared Ownership Home***

This brand new home is available for sale on a part-buy, part-rent basis from as little as £91,875 for a 35% share through the shared ownership scheme.

Welcome to The Ridge at Rayne Road – an outstanding new collection of one and two bedroom homes in Braintree, Essex.

Just over an hour from London by train*, The Ridge at Rayne Road occupies an ideal location on the western edge of Braintree – close to the scenic beauty of the Essex countryside, yet within walking distance of Braintree’s high street and less than a 20-minute drive from Stansted Airport.

Each home is also built to the highest standards. With a fresh contemporary interior, a fitted kitchen and dedicated parking provision, Ridge at Rayne Road properties are perfect for first-time buyers, professionals and young families – the ideal place to make a home.

This brand new second floor apartment home benefits from an open plan lounge/diner/kitchen, two double bedrooms, bathroom and allocated parking.

Size: 69 m2

Full Market Value: £262,500

35% Share Price: £91,875 (Rent £391.02pcm)
50% Share Price: £131,250 (Rent £300.78pcm)
75% Share Price: £196,875 (Rent £150.39pcm)

Min 5% mortgage deposit (40% share): £4,594

Estimated Service Charges*: £75.00 pcm
Ground Rent: £150 per annum

*Service charges and rent will vary depending on the unit, please enquire.

Specification:

Rayne Road homes come with a selection of quality fittings and finishes chosen to create a light and relaxed atmosphere. Each property is also tastefully decorated in a timeless fashion, making it easier to adapt to your personal style.

Kitchen/Living areas

• Fully fitted white kitchen units with worktops
• Sink with swivel mixer taps
• Four-ring gas hob (houses) and electric hob (apartments)
• Single oven and cooker hood
• Allowance for installation of white goods
• Flooring in Vinyl Bathroom
• Armitage Shanks sanitary ware including bath, WC and washbasin
• Bath with Thermostatic shower mixer
• Shaver socket
• Flooring in Vinyl

General
• White emulsion to walls and ceilings
• Woodwork finished in white with natural effect newel caps and hand rails
• Predicted Energy Rating: B
• Parking space for each home
• Spacious, open neighbourhood with play areas

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• 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.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

You could get

Fast broadband Fast broadband

Up to 13.2 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Braintree 1.1 miles
  • Braintree Freeport 1.6 miles
  • St Michael's Church of England Voluntary Aided Primary School 0.3 miles
  • The Edith Borthwick School (SEN) 0.6 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Braintree 1.1 miles
  • Braintree Freeport 1.6 miles
  • St Michael's Church of England Voluntary Aided Primary School 0.3 miles
  • The Edith Borthwick School (SEN) 0.6 miles

Market stats

Sale activity

Average estimated value for a flat in CM7:

  • £151,194
  • Price decrease

  • -£17,098
  • (-10.160%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £165,879
  • Properties sold

    54

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in CM7 is currently:

£789 pcm

Recent sales nearby

See all recent sales in CM7
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
20th May 2020 £91,875 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Leaders - Shared Ownership. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Leaders - Shared Ownership for full details and further information.