- 2 bedrooms
- 1 bathroom
- 1 reception room
- Brand new shared ownership home
- Allocated parking
- Second floor
- Two double bedrooms
- Stylish apartment
Description ***Shared Ownership Home***
This brand new home is available for sale on a part-buy, part-rent basis from as little as Â£91,875 for a 35% share through the shared ownership scheme.
Welcome to The Ridge at Rayne Road â 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 â close to the scenic beauty of the Essex countryside, yet within walking distance of Braintreeâs 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 â 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: Â£262,500
35% Share Price: Â£91,875 (Rent Â£391.02pcm)
50% Share Price: Â£131,250 (Rent Â£300.78pcm)
75% Share Price: Â£196,875 (Rent Â£150.39pcm)
Min 5% mortgage deposit (40% share): Â£4,594
Estimated Service Charges*: Â£75.00 pcm
Ground Rent: Â£150 per annum
*Service charges and rent will vary depending on the unit, please enquire.
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.
â¢ Fully fitted white kitchen units with worktops
â¢ Sink with swivel mixer taps
â¢ Four-ring gas hob (houses) and electric hob (apartments)
â¢ Single oven and cooker hood
â¢ Allowance for installation of white goods
â¢ Flooring in Vinyl Bathroom
â¢ Armitage Shanks sanitary ware including bath, WC and washbasin
â¢ Bath with Thermostatic shower mixer
â¢ Shaver socket
â¢ Flooring in Vinyl
â¢ White emulsion to walls and ceilings
â¢ Woodwork finished in white with natural effect newel caps and hand rails
â¢ Predicted Energy Rating: B
â¢ Parking space for each home
â¢ Spacious, open neighbourhood with play areas
To be eligible for shared ownership you would need to meet the following criteria:
â¢ Your household income does not exceed Â£80,000 (outside of London) and Â£90,000 (inside of London)
â¢ You have a deposit of at least 5% of the share value
â¢ You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
â¢ This will be your only residence.
â¢ 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. View more View less