2 bedroom apartment for sale
West Terrace Six Hills House, Kings Road, SG1 1AW
Share percentage 35%, full price £235,000, £4,113 Min Deposit.
Share percentage 35%, full price £235,000, £4,113 Min Deposit.
Monthly Cost: £1,074
Rent £437,
Service charge £179,
Mortgage £458*
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 & spacious two-bedroom apartment now available in Stevenage through Shared Ownership.
This second floor property comprises an open-plan kitchen and reception room, two bedrooms and a bathroom with a balcony and a parking space.
Available for £82,250 for 35% share based on the marketing figure of £235,000.
Monthly rent - £437.43
Monthly Service Charge - £179.37
Total Monthly Charge - £616.80 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 55m²Living room & kitchen: 5.87 x 3.40mBedroom 1: 5.87 x 2.08mBedroom 2: 3.56 x 2.79mLease 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 - DEnvironmental impact band - DOther informationKey Features
- Two-bedroom apartment
- Second floor
- Allocated parking
- Balcony 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 £235,000, £4,113 Min Deposit. Calculated using a representative rate of 5.03%
