This superb modern home is available to buy from as little as £150,000 with a 50% share!

Situated within a popular development is this two double bedroom ground floor apartment with a private balcony. The property benefitting from well-planned accommodation which provides a spacious reception room with doors to a private balcony, a fully fitted kitchen, two bedrooms and a bathroom. The property also benefits from allocated parking and a long lease.

Woolmer Green is a village in Hertfordshire with various friendly local pubs, beautiful green spaces and rural charm. The property is approximately 15 minutes by car from Stevenage and it’s excellent links to London and vast array of amenities and shops.

PRICING & AFFORDABILITY

Full Market Value: £300,000

50% Share Price: £150,000 (rent £408.03pcm)
Minimum 5% Mortgage Deposit (% share): £7,500
Approximate Service Charges: £74.35 pcm*
Shared Ownership Lease: approx. 122 years
Council Tax Band: D

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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.