Plot 48 River Reach, Furze Close, Mistley, Manningtree, Essex, CO11 2PW

**SHARED OWNERSHIP**
Minimum share percentage 40%, full price £315,000, Min deposit £12,600.
An exciting collection of two bedroom homes on the sought after River Reach development in Mistley. The delightful village of Mistley in Manningtree provides an idyllic peaceful setting with excellent transport links and facilities.

**SHARED OWNERSHIP - Reserve now!**
A charming collection of two bedroom houses on the River Reach development in Mistley, Manningtree. In this phase, properties are for purchase under the shared ownership scheme and are expected to be ready for occupation from December 2023.

Each home comprises:
Entrance hall with cloakroom and cupboard, fitted kitchen with integrated oven, hob and hood, and an open-plan living/dining room. On the first floor there are two bedrooms, airing cupboard and bathroom. The properties have flooring provided throughout and pets are allowed.
Externally there are two allocated parking spaces and a private turfed rear garden.

Properties are not yet build complete or able to be viewed – however reservations are being taken off-plan so don't miss out, reserve your plot now!

In order to apply, please note that you are required to go through SRC for your initial sustainability assessment. You can register with them via this link -https://www.srcmortgagesolutions.com/
N.B. This scheme falls under the old shared ownership lease model - please ensure you read the KID document (which can be provided to you)for all the detail, issued when you register your interest.

Important Information

Council Tax Band – TBC
Tenure – Leasehold
Lease length – 990 years
EPC rating – TBC
Service charge – Estimated £20 pcm.
This is payable by occupants for upkeep of communal areas on the development
Agents note –
Any CGI images are indicative only of the finished product.
These properties are not build complete and reservations are taken off-plan.

*Shared Ownership*
Also known as part buy part rent, with this affordable home ownership scheme you purchase a share of a brand new property and rent the remainder from the housing provider. The price shows the minimum share available, and the size of the share you purchase will depend on what you can afford.

*Monthly Cost Example*
£126,000
Estimated Monthly Cost:£1,179
Rent – £433
Service Charge – £30
Mortgage – £716
Minimum share percentage 40%, full price £315,000, Min Deposit £12,600.
Calculated using a representative rate of 5.79%

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.