Victoria Road – Next Phase Spring 2022
23 February 2021
Sophisticated, contemporary and vibrant, Victoria Road offers you a luxurious lifestyle at a price that can fit your budget, all thanks to Shared Ownership.
Located in Chelmsford, in the heart of Essex’s county town, this stylish development boasts a collection of one and two-bedroom modern apartments. It’s also just a short walk from local bars, restaurants and shops and close to green open spaces, including the majestic Hylands Park and renowned RHS Hyde Hall Gardens; both perfect for outdoor sports, picnics and leisure activities.
Victoria Road is a short walk to the station, from where you can catch a train to central London in just over 30 minutes, while nearby Stanstead Airport easily connects you to the wider world.
Take a Step Inside
You won’t have to compromise at Victoria Road. The popular apartments feature high-specification interior details as standard. From integrated Zanussi appliances and a convenient washer dryer in the kitchen, to Sky & Virgin pre-wiring and a video entry phone for ease and security, your home is fully kitted for an enviable lifestyle.
Top of everyone’s homebuying list at the moment is spacious, uncluttered, open-plan living, and naturally, this desirable development delivers. You can lounge in your pristine living area while the dinner cooks, or step onto your private balcony as the sun sets.
Whether you walk, cycle or drive, Victoria Road happily caters for all three, with a cycle store, private parking and Chelmsford train station outside your front door.
How Does Shared Ownership Work?
The Government-backed Shared Ownership scheme allows you to purchase one of these smart apartments at a fraction of the market price. Curious how that works? Let us explain:
Say you want to purchase our home phase one home at Victoria Road, valued at £330,000. With Shared Ownership, you don’t need to pay the full amount. You can opt to purchase a 40% share of the property, valued at £132,000.
When it comes to the deposit, Shared Ownership makes it possible to purchase a home at Victoria Road with just a 5% deposit of your 40% share. We’ll do the math – that’s £6,400. Happy days.
You’ll then need to secure a mortgage on the outstanding amount. Furthermore, if after you’ve moved into the property you decided you want to own your home outright, you can increase your share value to 100% – this is called ‘staircasing’.