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Arclight Way, Colchester , Colchester, CO1

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • A Beautiful Example Of A Two Bedroom Contemporary Apartment
  • Modern Open-Plan Living
  • Added Luxury Of A Balcony
  • Close To Colchester's Castle Park & Mainline Station
  • Large Master Bedroom
  • Modern Kitchen With The Benefit Of Integrated Appliances
  • Allocated Parking For One Vehicle
  • Shared Ownership - 50% Share
  • Suitable For First Time Buyers And Working Professionals

Description

Printwork House, Arclight Way

Colchester, CO1

Shared Ownership.

£110,000.

An excellent example of a spacious two bedroom first floor contemporary apartment, situated on a newly formed development in central Colchester and within striking distance of the picturesque Colchester Park & Colchester's mainline station - offering links to London Liverpool Street within the hour. The apartment is also moments away from Turner Rise Retail Park, home to an Asda superstore and an array of useful amenities. All considered, it makes the ideal first time purchase or investment alike.

Positioned on the first floor, internally the accommodation comprises of; a welcoming entrance hall with inset storage, open-plan kitchen/living area with modern units and the added luxury of integrated appliances, a spacious master bedroom and further double bedroom and separate family bathroom suite. The apartment boasts a private balcony, suitable for a small bistro table and chairs, as well as allocated parking for one vehicle. A communal bike store is also available.

Shared Ownership Option (If Required)

£220,000 acquires the full ownership of the property. Alternatively, purchasers may also have the opportunity to acquire a 50% shared ownership interest for £110,000 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.

Leasehold Information

We understand this property is offered on a leasehold basis and when any new owner completes on the property, a brand-new lease of 117 years will be applied. Service charge of £1800 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.

Early enquires are strongly encouraged to prevent inevitable disappointment.

Living Room/Kitchen

19' 5" x 13' 5" (5.92m x 4.09m)

Bedroom One

12' 0" x 11' 10" (3.66m x 3.61m)

Bedroom Two

11' 2" x 8' 10" (3.40m x 2.69m)

Bathroom

11' 4" x 7' 2" (3.45m x 2.18m)

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Arclight Way, Colchester , Colchester, CO1

Approximate location

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Affordability

Monthly repayments£545
Property: £ 110,000
Deposit: £ 11,000
Interest rate: 5.22%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Michaels Property Consultants Ltd, Colchester

Rebow House 62 Head Street Colchester CO1 1PB

A Fresh Approach To Buying & Selling Property.

At Michaels Property Consultants we pride ourselves in being different. We don't practice as stereotypical estate agents: talking at people and hard selling.

We listen to our clients. Every customer is different, they have their own needs and timescales and we are dedicated to putting these first. With over 30 years combined experience in property, we have developed extensive knowledge of the local area and we are able to give our customers genuine, professional advice at all times, whether they're buying or selling.

We provide advice on what people really want to know, whether it be regarding schools, local amenities or even where to eat. We also offer a private service to investment buyers, assisting them in making the best decisions in building their portfolios.

Michaels understand that a person's home is more than likely to be their biggest financial asset, so we use the highest quality of marketing to ensure that we achieve the best price possible.

We strive to provide people with a customer service beyond their expectations and we are so confident in delivering this that if you are marketing your home with us and not satisfied, we ask for just 14 days written notice at any given time.

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Disclaimer - Property reference 31244397. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michaels Property Consultants Ltd, Colchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.