2 bedroom apartment for sale
West Terrace, Six Hills House, , SG1 1AW
Share percentage 35%, full price £245,000, £8,575 Min Deposit.
Share percentage 35%, full price £245,000, £8,575 Min Deposit.
Monthly Cost: £1,068
Rent £456,
Service charge £179,
Mortgage £433*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
Bright and modern apartment now available in Stevenage through Shared Ownership.
The property comprises of a large living room and open-plan fitted kitchen, as well as the two bedrooms, one of which is en-suite. This could be ideal for a couple or small family.
The flat is on the second floor of a eight storey building with a parking space available.
Minimum income required: £35,105
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £85,750 for 35% share based on the marketing figure of £245,000.
Monthly rent - £456.45
Monthly Service Charge - £179.37
Total Monthly Charge - £635.82 plus mortgage required for 35% share.
An annual rent increase takes place every April
Gross internal floor area: 64 sq m
Living room & kitchen: 6.05 x 4.45 m
Bedroom 1: 3.89 x 3.30 m
Bedroom 2: 2.97 x 2.77 m
Lease informationYears remaining on lease: 192
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 - D
Environmental impact rating - D
Other informationKey Features
- Two-bedroom apartment
- Ensuite bedroom
- Modern building
- Travel to London <1h
- Allocated parking space
- Available for 35% share
- 5% minimum deposit only
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 35%, full price £245,000, £8,575 Min Deposit. Calculated using a representative rate of 4.59%
