Getting on the property ladder as a first-time buyer can be a bit of a headache, from raising the funds to deciding on the best area to live. But with our Shared Ownership homes in Colchester, it is easier than ever to buy your first home while finding a great place to call home.
Current homes available in Colchester
Abbey Corner
Colchester, CO3 3DT
Abbey Corner is a desirable collection of 2 & 3-bed houses in Britain’s first city, Colchester.
Featuring contemporary kitchens, modern fittings and fixtures, spacious carpeted bedrooms and private outdoor spaces, the development also benefits from communal green area with a children’s playground.
All homes benefit from at least one parking space. Abbey Corner is also well positioned for access to Colchester Railway station and Colchester Town Railway station. Both these stations provide links to the surrounding towns and cities.
All properties for sale at Abbey Corner are available through Shared Ownership, a part buy/part rent scheme, designed as a stepping stone for first time buyers looking to get onto the property ladder.
Discover homes at Abbey Corner, CO3
What is Shared Ownership?
Shared Ownership makes it possible to buy a property that otherwise would not have been affordable on the open market. It is best suited to people who have some money saved, but not enough for a deposit to buy 100% of a home. In a nutshell, Shared Ownership allows you to buy a share of your home with a mortgage.
This can be as little as 25% or as much as 75% initially. Typically, people start with a 30% share. You only need to pay a deposit on the share you are buying, not on the total cost of the home. This means that the amount you need in savings is far less than if you were buying the same property outright.
Why you should consider Shared Ownership homes in Colchester
Are you a first-time buyer looking for a living area that is bursting with character and wide open spaces? You won’t find much better than the city of Colchester. Buying a home in Colchester is a perfect decision for anyone who is looking for a balance of comfort and activity. The area is brimming with history and culture, meaning your lifestyle will never get boring!
If you want your home to be surrounded by acres of countryside and plenty of culture, Colchester has got you covered. The city is known for its wide open countryside, but also its vibrant history and range of activities in its town centre. Take advantage of one of our Shared Ownership homes in this area, and you will never look back. Our range of Shared Ownership homes in Colchester are perfectly suited to all kinds of first time buyers, particularly our 1, 2 and 3 bedroom apartments in Abbey Corner. Offering a blend of retro and urban living that pops with style and colour, you’ll immediately feel at home in this historic town. With handy travel links dotted around, you’ll also be located just moments away from the city of London.
Explore the gorgeous countryside in Colchester
Colchester is made for home-buyers who want to be near nature and beautiful scenery. With plenty of national parks and areas of outstanding beauty, you can escape the hustle and bustle of city life while enjoying all the attractions and activities that Colchester has to offer.
Do you like the peace of a morning run or leisurely stroll after work? Colchester might be the place for you. Colchester has 135 square miles of coast, woodland and countryside for you to stretch your legs or clear your mind. You can take advantage of the lush green surroundings at Abbey Field, or the unforgettable sight of Castle Park. If you are happy to venture out a bit further, you can also take a day trip to a nearby beach.
With plenty of open spaces and local parks, there’s no surprise that first-time buyers and young families are drawn to this popular area. Our Shared Ownership homes Abbey Corner are situated in a beautiful area that is full of green spaces and picturesque views.
Immerse yourself in Colchester’s culture
Colchester is known for being the oldest recorded city in the UK, but it is fast becoming a dream location for new home-owners. Buying a home in Colchester doesn’t just mean you’ll have a pretty city to look at - you’ll also have a world of history and culture to discover. Colchester Castle is a towering monument that all new home-buyers should put on their to-do list. It is the largest Norman keep in history, and has been around since the 1070s! For something a bit different, you can also pop down to Colchester Zoo, which has housed all kinds of different wildlife since it opened its doors in 1963.
You can learn more about Colchester’s history at the Colchester Castle Museum, which paints a vivid story about how significant this special town is. If you love the sensation of trying new foods, Colchester has also become known for its variety of cuisine. Get lost in a farmers market, visit a charming pub, or even explore the annual Colchester Medieval Fayre & Oyster Market! Once you’ve seen all that this wonderful city has to offer, it won’t be easy to leave the natural beauty of Colchester. But if you do want to explore something a bit different, our apartments in Colchester have great travel links to London Liverpool Street, and Clacton-on-Sea!
Shared Ownership
Shared Ownership is a part buy/part rent scheme that makes it possible for first time buyers to purchase a property that otherwise would not have been affordable. It is a government-backed scheme launched in 2006 for people who are unable to afford to buy a home at full market value.
Homeowner Stories
Read a collection of homeowner stories from Peabody New Homes and discover how we were able to support them onto the property ladder through the Shared Ownership buying scheme.