1 bedroom apartment for sale
Plomer Avenue, Hoddesdon, EN11 9FP
Share percentage 40%, full price £185,000, £3,700 Min Deposit.
Share percentage 40%, full price £185,000, £3,700 Min Deposit.
Monthly Cost: £1,011
Rent £491,
Service charge £108,
Mortgage £412*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Hoddesdon, Hertfordshire
Description
This bright, modern one-bedroom apartment is now available inHoddesdonthrough Shared Ownership.
On the first floor, the property comprises a spacious living room, a separate modern kitchen, a bedroom, and a bathroom. This apartment is ideal for couples or a single person.
Available for £74,000 for 40% share based on the marketing figure of £185,000.
Monthly rent - £490.88
Monthly Service Charge - £108.42
Total Monthly Charge - £599.30 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is one mile north of Hoddesdon centre and benefits from proximity to the A10. There are four schools within a 0.5-mile radius, which is perfect for couples with small children. The nearest train station is RyeHouse. There are various shops and restaurants within walking distance, makingHoddesdon the perfect place to live.
EPC ratingEnergy rating band - C
Environmental impact band - B
Years remaining on lease: 952
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.
Other informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- One-bedroom apartment
- Modern kitchen
- Schools nearby
- Good travel links
- Available for 40% share
- Available for 25% share
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 40%, full price £185,000, £3,700 Min Deposit. Calculated using a representative rate of 5.03%
