2 bedroom apartment for sale
East Terrace. Six Hills House, Kings Road, SG1 1AU
Share percentage 60%, full price £260,000, £7,800 Min Deposit.
Share percentage 60%, full price £260,000, £7,800 Min Deposit.
Monthly Cost: £1,304
Rent £256,
Service charge £179,
Mortgage £869*
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 two-bedroom apartment now available in Stevenage through Shared Ownership.
The property comprises a wide living room, an open-plan fitted kitchen, and two large bedrooms, one of them being ensuite. This could be ideal for a small family or couple.
The flat is on the second floor of a relatively newly built construction (circa 2016); it has allocated parking space.
Available for £156,000 for 60% share based on the marketing figure of £260,000.
Monthly rent - £255.71
Monthly Service Charge - £179.37
Total Monthly Charge - £435.08 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property is located just outside Stevenage's town centre and just a few minutes away from the railway station. The train travels to Kings Cross, in Central London, in 27 minutes from there.
The close A1 motorway is just a few minutes' away drive for travel north or south from the town.
Luton and its incredibly convenient airport is also just 30 minutes away from the flat by car.
All local amenities are nearby, including several supermarket chains, restaurants, pubs and schools, many of which are within walking distance.
EPC ratingEnergy rating band - D
Environmental impact band - D
Gross internal floor area: 59 m²
Living room & kitchen: 6.05 x 3.73 m
Bedroom 1: 4.04 x 3.07 m
Bedroom 2: 2.87 x 2.57 m
Years remaining on lease: 192
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
- Ensuite bedroom
- Close to railway station and motorway
- Supermarket within walking distance
- Available for 60% 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 60%, full price £260,000, £7,800 Min Deposit. Calculated using a representative rate of 5.03%
