2 bedroom apartment for sale
Coddington Close, Coddington Close, SG12 9FN
Share percentage 25%, full price £310,000, £3,875 Min Deposit.
Share percentage 25%, full price £310,000, £3,875 Min Deposit.
Monthly Cost: £1,190
Rent £615,
Service charge £143,
Mortgage £432*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Ware, East Hertfordshire
Description
Beautifully presented modern two-bedroom apartment in East Herts, Hertfordshire available through Shared Ownership.
This third-floor apartment comprises an entrance hall with a storage cupboard, a modern open-plan kitchen, a living room with balcony, two bedrooms and a bathroom. Outside, there is off-street parking spaces. Perfect for couples and small families.
Key Information Document
Available for £77,500 for 25% share based on the marketing figure of £310,000.
Monthly rent - £614.50
Monthly Service Charge - £142.89
Total Monthly Charge - £757.39 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located close to Ware town center which is 2.5 miles east of Hertford. Ware offers a range of amenities including shops, supermarkets, restaurants, and 11 schools within 1 mile of the property. Ware train station is only a 4-minute walk from the property and offers connections to London and Herford East.
EPC ratingEnergy rating band - B
Environmental impact band -B
Gross internal floor area: 61 m²
Living room: 4.67 x 3.05 m
Kitchen: 2.92 x 2.72 m
Bedroom 1: 3.84 x 3.33 m
Bedroom 2: 4.29 x 2.41 m
Years remaining on lease: 121
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
- Modern kitchen
- Private balcony
- Off-street parking
- Available for 25% 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 25%, full price £310,000, £3,875 Min Deposit. Calculated using a representative rate of 5.03%
