3 bedroom apartment for sale
Coddington Close, Ware, SG12 9FN
Share percentage 30%, full price £370,000, £5,550 Min Deposit.
Share percentage 30%, full price £370,000, £5,550 Min Deposit.
Monthly Cost: £1,441
Rent £677,
Service charge £146,
Mortgage £618*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in East Herts, Hertfordshire
Description
This bright and modern three bedroom apartment is now available in East Herts through Shared Ownership.
The property on the second floor comprises a entrance hallway, an spacious living room with a modern open plan kitchen, three bedroom (one en-suite room), a bathroom, and private balcony. Perfect for families.
Outside there are parking spaces available.
Key Information Document
Available for £111,000 for 30% share based on the marketing figure of £370,000.
Monthly rent - £677.36
Monthly Service Charge - £145.57
Total Monthly Charge - £822.93 plus mortgage required for 30% 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
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
- Three bedroom apartment
- Modern kitchen
- En-suite room
- Private balcony
- Available for 30% 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 30%, full price £370,000, £5,550 Min Deposit. Calculated using a representative rate of 5.03%
