1 bedroom apartment for sale
West Terrace, Six Hills House, Kings Road, SG1 1AW
Share percentage 45%, full price £195,000, £4,388 Min Deposit.
Share percentage 45%, full price £195,000, £4,388 Min Deposit.
Monthly Cost: £952
Rent £308,
Service charge £155,
Mortgage £489*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Stevenage, Hertfordshire
Description
Bright and modern one-bedroom apartment now available in Stevenage through Shared Ownership.
The property on the sixth floor comprises an entrance hall, a living room with a modern open-plan kitchen, a large bedroom and a bathroom. This could be great for a couple or a single person.
The property was a commercial premise converted in 2016. There is allocated parking and a shared garden area.
Available for £87,750 for 45% share based on the marketing figure of £195,000.
Monthly rent - £307.95
Monthly Service Charge - £155.21
Total Monthly Charge - £463.16 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is conveniently situated less than a 5-minute walk from Stevenage Town Centre and the Train Station. This prime location offers access to an extensive array of local amenities, along with direct train services to London Kings Cross taking only 21 minutes. Stevenage itself boasts both New and Old Towns, enriching the area with a blend of modern and historical charm.
Moreover, the property enjoys easy access to the A1M, providing straightforward routes to London, the M25, and the North. Local roads also ensure easy travel to nearby towns such as Hitchin, Letchworth, Baldock, Welwyn Garden City, and Hertford, enhancing the appeal of this well-positioned home.
EPC ratingEnergy rating band - D
Environmental impact band - D
Years remaining on lease: 191
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
- Sixth floor
- Modern building (2016)
- Allocated parking
- Available for 45% 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 45%, full price £195,000, £4,388 Min Deposit. Calculated using a representative rate of 5.03%
