2 bedroom apartment for sale
Chilton House, , SG1 4FQ
Share percentage 60%, full price £255,000, £7,650 Min Deposit.
Share percentage 60%, full price £255,000, £7,650 Min Deposit.
Monthly Cost: £1,201
Rent £254,
Service charge £95,
Mortgage £852*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
Modern, bright, and spacious two-bedroom apartment now available in Stevenage through Shared Ownership. The property comprises an open plan airy living room with Juliette balcony, an open-plan fitted kitchen, and two large bedrooms, one of them being ensuite. This could be ideal for a small family. The property also benefits from allocated parking is also available and communal grounds.
KID Document
Minimum income required: £52,673
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £153,000 for 60% share based on the marketing figure of £255,000.
Monthly rent - £254.21
Monthly Service Charge - £94.54
Total Monthly Charge - £348.75 plus mortgage required for 60% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 120
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 impact band - B
Key Features
- Two bedrooms
- Allocated parking space
- Communal grounds
- Two bathroom
- Close to local amenities
- Juliette balcony
- 5% deposit
- Available for 60% 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 60%, full price £255,000, £7,650 Min Deposit. Calculated using a representative rate of 5.03%
