2 bedroom apartment for sale
Shapiro House, Giles Crescent, SG1 4GW
Share percentage 35%, full price £260,000, £4,550 Min Deposit.
Share percentage 35%, full price £260,000, £4,550 Min Deposit.
Monthly Cost: £1,012
Rent £416,
Service charge £89,
Mortgage £507*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
A modern, bright two-bedroom apartment is now available in Stevenage through Shared Ownership.
The apartment is on the second floor and comprises an open-plan fitted kitchen with a lounge with doors to a south-facing balcony, two good-sized bedrooms, and a bathroom with a bathtub.
The property was constructed circa 2020 and benefits from an allocated off-street parking space, as well as a shared garden area.
Key Information Document
Available for £91,000 for 35% share based on the marketing figure of £260,000.
Monthly rent - £415.99
Monthly Service Charge - £89.35
Total Monthly Charge - £505.34 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is situated in an established area convenient for all usual amenities. It's close to the A1 motorway and the two airports of Luton and Stanstead.
Travel to London is also convenient, thanks to the train station. You can reach Central in under an hour from there.
The town of Stevenage also has a lot to offer, thanks to its strategic travel location: restaurants, bars, pubs, large supermarkets, and several schools.
There are also multiple parks and green areas nearby.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 119
In certain cases, 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.
Key Features
- Two-bedroom apartment
- Modern building (2020)
- Private balcony
- Fast access to motorway
- 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 £260,000, £4,550 Min Deposit. Calculated using a representative rate of 5.03%
