1 bedroom apartment for sale
West Terrace, Kings Road, SG1 1AW
Share percentage 50%, full price £170,000, £4,250 Min Deposit.
Share percentage 50%, full price £170,000, £4,250 Min Deposit.
Monthly Cost: £915
Rent £264,
Service charge £178,
Mortgage £473*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Stevenage, Hertfordshire
Description
Modern, bright & spacious one-bedroom apartment now available in Stevenage through Shared Ownership.
This third-floor property comprises an open-plan kitchen and reception room, a large bedroom, and a small hall. This could be ideal for a couple or a single person.
Available for £85,000 for 50% share based on the marketing figure of £170,000.
Monthly rent - £263.97
Monthly Service Charge - £178.16
Total Monthly Charge - £442.13 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located just outside Stevenage's town centre, within a 7-minute walk from the railway station. The train travels to Kings Cross in Central London in less than half an hour.
The close A1 motorway is just a few minutes' away drive for travel north or south from the town.
The area has several shops and restaurants, with all local amenities nearby.Many schools of all levels can be found nearby, several within walking distance.
EPC ratingEnergy rating band - D
Environmental impact band - D
Gross internal floor area: 44 m²
Living room & kitchen: 4.65 x 4.24 m
Hall: 3.18 x 1.049 m
Bedroom: 5.05 x 2.84 m
Years remaining on lease: 191
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
- One-bedroom apartment
- Central London in 20 min
- 7 minutes from railway station
- Available for 50% 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 50%, full price £170,000, £4,250 Min Deposit. Calculated using a representative rate of 5.03%
