Sheepen Place, Colchester, CO3

Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: N/A

Key Features: • One Bedroom Ground Floor Apartment • Full Ownership Available at £150,000 • Alternative 70% Shared Ownership at £105,000* • Spacious Open-Plan Living Accommodation • Private Terrace • Modern Bathroom • Double Bedroom with Built-In Storage • Walking Distance to Colchester City Centre • Close to Colchester North Station & Castle Park

Location: • Nearest Station: Colchester Station • Distance to Station: 0.45150602863003736 miles

Agent Information: • Address: Rebow House 62 Head Street Colchester CO1 1PB

Full Description: <p><strong>One Bedroom Ground Floor Apartment With PRIVATE TERRACE</strong><br /><strong>Sheepen Place, Central Colchester, CO3</strong><br /><strong>£150,000<br /></strong><strong><br />Property<br /></strong>An excellent opportunity to acquire this well-presented one-bedroom ground floor apartment, ideally positioned within easy reach of Colchester's vibrant city centre. Offering well-balanced accommodation throughout, the property comprises a welcoming entrance hall, a modern bathroom, a generous double bedroom with built-in storage, and a spacious open-plan living, dining and kitchen area with <strong>patio doors opening onto a private terrace.</strong></p><p><strong>Shared Ownership Option (If Required)</strong><br />£150,000 acquires the full ownership of the property. Alternatively, purchasers may also have the opportunity to acquire a<strong> 70% shared ownership interest for £105,000</strong> subject to eligibility criteria and approval by the shared ownership provider. Please contact one of our consultants for further information and to discuss the purchasing options available.</p><p><strong>Leasehold Information</strong><br />We understand this property is offered on a leasehold basis and when any new owner completes on the property, a brand-new lease of 99 years will be applied. Service charge of £1615.36 is payable per annum and we are informed no ground rent is payable. We advise all interested parties to confirm leasehold associated fees, length and set up with their solicitor at an early stage of their conveyance to prevent any discrepancy. The same applies for shared ownership criteria and associated conveyance.</p><p>Other Information</p><p>It's owner will also be able to benefit from a residents gym. Water and gas is also included within the service charge payable.</p><p><strong>Location<br /></strong>Situated in a highly convenient central Colchester location, the property is within walking distance of the city centre, a wide selection of shops, cafés, restaurants and everyday amenities. Colchester North Station provides direct rail services to London Liverpool Street, whilst nearby Castle Park and excellent road and bus links further enhance the property's superb location.</p><p><strong>Early viewing is strongly encouraged to appreciate the accommodation and purchasing opportunities available. Appointments can be arranged through Michaels Property Consultants.</strong></p><p></p>