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New Shared Ownership Homes Launched in Colchester

trinity heights15th May 2007

The chances for would-be homeowners in Colchester to get a foot on the housing ladder has been given a boost with news that a new scheme in north Colchester is about to be launched by one of the region’s most established affordable housing providers.

Colne Housing, which has been providing affordable homes in Colchester for over 30 years, has developed three quality 2-bed flats within Hopkins Homes’ Trinity Heights site on Mile End Road. The flats, which have been built to a high specification will be available to buy on a shared ownership basis from summer 2007.

Jennifer Spencer, Leasehold Co-ordinator at Colne Housing, said: “Hopkins Homes has developed a number of award winning properties throughout the country and the flats that Colne are able to offer in Colchester will be of a very high standard The homes are extremely spacious compared to similar new flats on the market and we are preparing ourselves for a lot of interest.”

The new properties are available for people earning less than £28,900 per year with priority being given to buyers who live or work in Colchester. Prices start from £76,250 for a 50% share in the property, with a rent of £40 per week.

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