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Newly released highly anticipated final phase of homes at City Park West.
A stylish new retreat in the heart of a historic city, the highly anticipated phase two of City Park West will deliver over 300 new homes, alongside new commercial and retail space. There are apartment layouts and sizes to suit all lifestyles with the first release of new homes located in Waterhouse Court on Victoria Road South.
Available to purchase with Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 40 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in the heart of Chelmsford.
Apartments at City Park West offer modern layouts with spacious open plan living areas, underfloor heating and triple glazing. Kitchens are in stylish cashmere gloss with contemporary chrome fittings and integrated Bosch appliances. Bathrooms come with contemporary grey tiling and Duravit fixtures. Many apartments have a private balcony. For your security, every apartment features a video entry system, and all apartments will benefit from a concierge service located in Norman Court.
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Notting Hill Genesis - City Park West, and do not constitute property particulars. Please contact Notting Hill Genesis - City Park West for full details and further information. The Running Costs data displayed on this page are provided by SmartNewHomes to give an indication of potential running costs based on various data sources. SmartNewHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
The results are not provided by HSBC UK Bank plc and do not represent any particular mortgage product. Results are only indicative based on a repayment mortgage and are based solely on your inputs into the calculator. The monthly payments will depend on the product and repayment term you choose. Zoopla receive payment from HSBC UK Bank plc for this calculator and introductions resulting in decisions in principle.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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What is the Help to Buy equity loan?
It's a loan that's linked to the rise and fall in the value of your home. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value.
You won't be charged loan fees on the equity loan for the first five years of owning your home.
After five years you will be required to pay an interest fee of 1.75% of the amount of your Help to Buy shared equity loan at the time you purchased your property, rising each year after that by the increase (if any) in the Retail Prices Index (RPI) plus 1%.
The loan itself is repayable after 25 years or on the sale of the property if earlier.
