1 bedroom apartment for sale
Forum House, Lemsford Road, AL10 0FG
Share percentage 30%, full price £225,000, £3,375 Min Deposit.
Share percentage 30%, full price £225,000, £3,375 Min Deposit.
Monthly Cost: £924
Rent £396,
Service charge £152,
Mortgage £376*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Harfield, Hertfordshire
Description
This cozy, modern one-bedroom apartment is now available in Hatfield through Shared Ownership.
The property on the ground floor comprises an entrance hall, a spacious living room with a modern open-plan kitchen, one bedroom, a bathroom, and a private balcony. Outside, the property has allocated off-street parking spaces and bike storage. Perfect for couples or a single person.
Available for £67,500 for 30% share based on the marketing figure of £225,000.
Monthly rent - £395.86
Monthly Service Charge - £151.98
Total Monthly Charge - £547.84 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe development is located on the western side of Lemsford Road and immediately adjoining the town centre. Hatfield provides an adequate range of retail, educational, and leisure facilities and is the home of the University of Hertfordshire. Hatfield rail station is located approximately 3/4 of a mile to the east and has frequent commuter services to London. Kings Cross and St Pancras are available. The A1 (M) Motorway is accessible at Junctions 3 and 4, approximately 1 mile to the southwest and north, respectively.
EPC ratingEnergy rating band - C
Environmental impact band - D
Gross internal floor area: 47 m²
Living room & kitchen: 6.68 x 3.86 m
Bedroom 1: 4.14 x 3.00 m
Garden: 7.87 x 3.35 m
Years remaining on lease: 111
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
- Rear garden
- Available parking space
- Good travel links
- Available for 30% share
- 5% minimum deposit only
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 30%, full price £225,000, £3,375 Min Deposit. Calculated using a representative rate of 5.03%
