1 bedroom apartment for sale
Coddington Close, East Hertfordshire, SG12 9FN
Share percentage 45%, full price £235,000, £5,288 Min Deposit.
Share percentage 45%, full price £235,000, £5,288 Min Deposit.
Monthly Cost: £1,001
Rent £320,
Service charge £92,
Mortgage £589*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Ware, Hertfordshire
Description
Beautifully presented one-bedroom apartment in East Herts, Hertfordshire available through Shared Ownership. This third-floor apartment comprises an entrance hall with a storage cupboard, an open-plan kitchen and reception room with balcony, a master bedroom, and a bathroom. The property also benefits from a private balcony accessed via the reception room and an allocated off-street parking space.
KID Document
Available for £105,750 for 45% share based on the marketing figure of £235,000.
Monthly rent - £319.69
Monthly Service Charge - £91.80
Total Monthly Charge - £411.49 plus mortgage required for 45% 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
- One bedroom
- Third floor
- Balcony
- Open plan living area
- Allocated off-street parking
- Close to Ware Station
- Available for 45% 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 45%, full price £235,000, £5,288 Min Deposit. Calculated using a representative rate of 5.03%
