2 bedroom apartment for sale
Navigation Drive, , SG12 9FP
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Monthly Cost: £1,395
Rent £550,
Service charge £99,
Mortgage £746*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in East Hertfordshire, Hertfordshire
Description
Modern, bright two-bedroom apartment is now available in Ware, East Hertfordshire, through Shared Ownership. The apartment comprises a living room, an open-plan fitted kitchen, and a private balcony with a beautiful view. There are two double bedrooms, master bedroom has an en-suite shower room and doors to the balcony. There is also an off-street parking space as well as a shared garden area.
Key Information Document
Minimum income required: £50,262
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £134,000 for 40% share based on the marketing figure of £335,000.
Monthly rent - £550.27
Monthly Service Charge - £99.37
Total Monthly Charge - £649.64 plus mortgage required for 40% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 122
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
- Fourth floor
- En-suite shower room
- Allocated parking
- Close to local amenities including Asda and Tesco superstores
- Short walk to Ware station
- 5% deposit
- Available for 40% 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 40%, full price £335,000, £6,700 Min Deposit. Calculated using a representative rate of 5.03%
