Ref: 22841

Avellana Place, Ipswich Road - Ipswich Road, Colchester, CO4 9AR

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Last two plots remaining!

Property description

*Last two remaining plots*

Ideally located on Ipswich Road, Colne Housing has two x 2 bed houses remaining on this site for purchase under shared ownership in the popular development, Avellana Place.

Just a stone’s throw from the site is a large 24hr Tesco supermarket, a health club, sports centre and Colchester’s Rugby Club. A number of good primary and secondary schools are nearby and the top performing grammar schools are 15 minutes away.

This is a great opportunity for small families or downsizers to get on the property ladder!

These nicely presented 2 bed houses benefit from:

  • 2 allocated parking spaces per plot
  • Landscaped rear garden
  • Fitted kitchen with integrated fridge/freezer, gas hob over electric over, SPACE for dishwasher and washing machine
  • Downstairs toilet
  • Open plan living and dining room 
  • With stairs leading to the first floor:
  • Large master bedroom
  • Family bathroom
  • Good size double bedroom
  • Total floor area of 818 sq.

Full Market Value: £255,000
Min. Share: 35%
Share value: £89,250
Service Charge: £30.08 p.m.
Leasehold: 99 years with no staircase restrictions – you can acquire the Freehold upon final staircase to 100% shares!!
Rent*: £379.84 p.m.

*based on purchase of 35% shares

The properties are subject to a new valuation every 3 months to ensure the values are in line with current market. This property is due a new valuation in August 2019.


Local info

Within a short drive (5-10 minutes) is Colchester town centre. With favourite high street brands such as Marks & Spencer and Boots, plus the Fenwick department store offering designer brands, and an impressive range of independent boutiques.

Families with children will be pleased to know that Colchester offers a selection of well-respected schools and colleges within close proximity.

There are all the usual leisure opportunities locally, including theatre, multi-screen cinema and music venues, as well as a good range of bars and restaurants. In addition, this beautiful and historic town is the home to Colchester Zoo.

Given its long history, it's no surprise to discover that Colchester Castle Museum features historic displays going back over 2000 years. You can take a tour of the castle or enjoy the other amenities in the Castle Park Gardens including a children's play area, crazy golf and putting green, boating lake, cricket ground, traditional café and beautiful riverside walks.

Open days

Please contact Marisa on [email protected] to arrange a viewing.

Price from £89,250
Status: Available Now
Scheme type: Shared Ownership
  • Full market value: £255,000
  • Share Available from: 35%
  • Monthly service charge: £30.00
  • Monthly rent: £380
min max
  • Req. earnings from: £000,000
  • Total mortgage: £000,000
  • Deposit required: £000,000
  • Total unsold value: £000,000
  • Est. monthly mortgage: £000,000
  • Est. monthly cost: £000,000

Based on % APR over years

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Estimated Monthly Cost This is based on the Mortgage Amount + Monthly Rent + Service charge

Key features

  • Integrated fridge/freezer
  • landscaped rear garden
  • Allocated parking

Contact the agent

Colne Housing Society


Accessibility Rating C - Lifetime Homes F - All Other General Needs Housing