2 bedroom apartment for sale
Chilton House, , SG1 4FQ
Share percentage 35%, full price £250,000, £8,750 Min Deposit.
Share percentage 35%, full price £250,000, £8,750 Min Deposit.
Monthly Cost: £917
Rent £403,
Service charge £72,
Mortgage £442*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
A beautiful, modern two-bedroom second-floor apartment is available for shared ownership in Stevenage. The property comprises an open-plan kitchen and reception room, a hallway with a large store cupboard, a large master bedroom with access to an en-suite, a secondary bedroom, and a bathroom with shower over bath. The property benefits from a Juliet balcony and off-street parking and access to a range of local amenities.
Minimum income required: £33,433
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £87,500 for 35% share based on the marketing figure of £250,000.
Monthly rent - £403.39
Monthly Service Charge - £71.85
Total Monthly Charge - £475.24 plus mortgage required for 35% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 121
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy Rating Band - B
Environmental Rating - B
All room dimensions are approximate.
Please note figures given for the rent and service charge are correct at the time of marketing. There is an annual increase that takes place in April. Please contact us for more information.
Key Features
- Two bedrooms
- Balcony
- Allocated parking
- Second floor apartment
- En-suite shower room
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 35%, full price £250,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%
