We are pleased to bring to the market this 1 bedroom Apartment Shared Ownership Properties. It is situated in Stevenage, Hertfordshire and is available now

This superb modern home is available to buy from as little as £123,000 with a 60% share!

Situated on the ground floor within a modern development, this beautiful apartment features an open plan lounge/kitchen/dining area with doors opening out to a private terrace. In addition to this, there is a 14ft double bedroom and a well appointed bathroom. Externally the home benefits from an allocated parking space.

The flat is situated 2.2 miles to the northeast of Stevenage and benefits from close proximity to the A1(M). There are 9 schools within 1 mile. Nearest train stations are Stevenage (2.2 miles), Knebworth (4 miles) & Hitchin (4.4 miles).

PRICING & AFFORDABILITY

Approximate Size: 493 sq ft

Full Market Value: £205,000

60% Share Price: £123,000 (rent £210.66pcm)
Minimum 5% Mortgage Deposit (60% share): £6,300
Approximate Service Charges: £84.85pcm*
Shared Ownership Lease: approx. 120 years
Council Tax Band: B

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.

** This home can also be purchased outright (100% of the value) which is £205,000 and a purchaser would not need to meet the eligibility criteria listed above.