2 bedroom apartment for sale
Shapiro House, Giles Crescent, SG1 4GW
Share percentage 55%, full price £265,000, £7,288 Min Deposit.
Share percentage 55%, full price £265,000, £7,288 Min Deposit.
Monthly Cost: £1,229
Rent £332,
Service charge £85,
Mortgage £812*
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 & spacious two-bedroom apartment now available in Stevenage through Shared Ownership.
The property comprises a wide living room with a Juliette balcony, an open-plan fitted kitchen, and two large bedrooms/office space. This could be ideal for a small family or a couple.
The flat is on the third floor of a newly built construction (circa 2018); it has allocated parking space and a shared garden area.
Available for £145,750 for 55% share based on the marketing figure of £265,000.
Monthly rent - £331.83
Monthly Service Charge - £85.34
Total Monthly Charge - £417.17 plus mortgage required for 55% share.
An annual rent increase takes place every April
LocationThe property sits in a tranquil residential area and is close to Stevenage's town centre, about a mile away. The railway station is only a 6-minute drive, where a train can lead to London in under an hour.
Road travel is also convenient, thanks to the A1(M) motorway and the A505 and A602 highways, just a 5-minute drive away.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 119
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 aprtment
- Juliette balcony
- Modern building (2018)
- Allocated parking
- Available for 55% 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 55%, full price £265,000, £7,288 Min Deposit. Calculated using a representative rate of 5.03%
