Shared Ownership in Hoddesdon, Hertfordshire 1 bedroom Flat

  • £190,000

    Equity share: 40% / £76,000

United Kingdom, Hoddesdon, Plomer Avenue
For Sale Shared Ownership

Shared Ownership in Hoddesdon, Hertfordshire 1 bedroom Flat

United Kingdom, Hoddesdon, Plomer Avenue
  • £190,000

    Equity share: 40% / £76,000

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £76,000 with a 40% share!

Situated on the ground floor and presented in superb condition throughout is this spacious apartment, located within easy access of Rye House train station and providing excellent transport links/local amenities.

The accommodation features an open plan lounge/diner which opens through to a fitted kitchen, a double bedroom and bathroom. Externally are communal grounds and an unallocated residents car park.

PRICING & AFFORDABILITY

Full Market Value: £190,000

40% Share Price: £76,000 (rent £521.80pcm)
Minimum 5% Mortgage Deposit (40% share): £3,800
Approximate Service Charges: £177.37pcm*
Shared Ownership Lease: approx. 972 years (being extended by current owner as part of the sale)
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £190,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

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  • Address United Kingdom, Hoddesdon, Plomer Avenue
  • City Hoddesdon
  • County Hertfordshire
  • Postal Code EN11 9FP

Details

Updated on May 30, 2024 at 11:04 am
  • Property ID: MS-125237
  • Rental Amount Per Month: £522/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 176
  • Value Of The Equity Share: 40% / £76,000
  • Overall Property Value: £190,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 972

Contact SOWN about: Shared Ownership in Hoddesdon, Hertfordshire 1 bedroom Flat

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