2 bedroom apartment for sale
Copeland House, , SG1 4GS
Share percentage 50%, full price £265,000, £13,250 Min Deposit.
Share percentage 50%, full price £265,000, £13,250 Min Deposit.
Monthly Cost: £1,054
Rent £313,
Service charge £72,
Mortgage £669*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
Modern and well-presented first-floor apartment available through shared ownership in Stevenage. This large, two-bedroom apartment comprises an entrance hall with storage cupboards, an open plan kitchen and reception room leading to a private balcony, a master bedroom with an en-suite, a second bedroom, and a family bathroom. The property also benefits from allocated parking, access to communal gardens and areas, including a secure bike store, and visitors parking.
Minimum income required: £46,604
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £132,500 for 50% share based on the marketing figure of £265,000.
SO Resi Monthly Payment - £312.65
Monthly Service Charge - £71.77
Total Monthly Charge - £384.42 plus mortgage required for 50% share.
Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resale
Layout and dimensionsThe property is approximately 62m2.
Kitchen/Reception room: 6.43 x 5.03
Bedroom 1: 3.35 x 3.30
Bedroom 2: 3.35 x 2.46
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- First floor
- En-suite
- South facing balcony
- Close to local amenities
- Good travel links
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £265,000, £13,250 Min Deposit. Calculated using a representative rate of 4.59%
