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The Meadows at Felsted

Clifford Smith Drive, Felsted, CM6 3UG

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  • Semi-detached

  • 3 bedrooms

Prices from…

Shared ownership:£120,000*
Check out our affordability calculator
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Country living, prime location

A collection of two and three-bedroom homes are available with shared ownership on this beautiful development on the outskirts of the sought-after village of Felsted. With energy efficient features such as EV charging points and air source heat pumps, these homes are perfect for today's modern lifestyle.

Sample the absolute best of rural living in the stunning Essex countryside, surrounded by picturesque villages and open green spaces. The Meadows at Felsted has been thoughtfully designed to complement its surroundings, creating a new community with village amenities right on the doorstep.

Key features of The Meadows at Felsted

  • Felsted village, with its strong community spirit is just over a mile away
  • 5-minutes' drive to the A120 and 20-minutes to the M11, connecting you to Cambridge and Braintree
  • Be in the centre of London within 84 minutes
  • Great range of local primary and secondary schools
  • Situated on the banks of the River Chelmer and surrounded by stunning countryside
  • Less than 50 miles from the Essex coastline

See how much your monthly payments could be...

With shared ownership plans, your share can only be between 25% - 75%.

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25%75%
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Years

Your estimated monthly payments could be...

£1,562

Est. mortgage charge

£737

Rental cost

£825

These prices are based on a 25 year mortgage term with a 5.5% mortgage interest rate. This is the same criteria which we use in our adverts. Your actual mortgage offer may be a bit different. As a guide you would be looking at around £737 a month for your mortgage repayment and £825 for your rent. This gives you a monthly cost of around £1,562. The figures are estimates and should be used for guidance only. There may be other costs you need to consider such as estate management fees, ground rent, service charges etc.

This calculator is provided for guidance only; Persona Homes does not offer mortgage advice. You will need to take advice from a suitably qualified adviser before applying for and agreeing to a mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage. If you like what you see, contact us today so we can see if we can help you make your homeownership dreams a reality.

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The Meadows at Felsted

Shared Ownership

Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.

The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright. However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.

Further information can be found in our Shared ownership article.

Do I Qualify?

You qualify for shared ownership if you:

  • Have a household income of under £80,000 (less than £90,000 in London)

  • Don’t currently own your home and can’t afford to on the open market

  • Can afford the minimum deposit

  • Pass an affordability check to make sure you can get a mortgage


* The full market value of these homes is from £480,000 but, with shared ownership, you could purchase an initial 25% share for just £120,000 and pay a monthly rent on the remaining share. If you’re buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £6,000.

Keen to find out more?

Whether you’d like to book a viewing or simply have a quick introductory chat, our helpful advisory team would love to hear from you.

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