1 bedroom apartment for sale
Copeland House, Giles Crescent, SG1 4GS
Share percentage 35%, full price £205,000, £3,588 Min Deposit.
Share percentage 35%, full price £205,000, £3,588 Min Deposit.
Monthly Cost: £877
Rent £392,
Service charge £85,
Mortgage £400*
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 apartment now available in Stevenage through Shared Ownership.
The property comprises a wide living room with a large private balcony, an open-plan fitted kitchen and a good-sized bedroom. This could be ideal for a couple or a single person.
The flat is of modern construction (ca. 2019), and it has allocated off-street parking.
Available for £71,750 for 35% share based on the marketing figure of £205,000.
Monthly rent - £391.64
Monthly Service Charge - £84.85
Total Monthly Charge - £476.49 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is situated in a tranquil residential area in the north of Stevenage.
The town centre is just a short drive away, while there are some grocery stores just around the corner from the flat.
The A1(M) motorway is relatively close and there's a railway station in Stevenage, allowing to reach London in an hour from the property.
Plenty of green areas and parks nearby, as well as some schools.
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
- One-bedroom apartment
- Private balcony
- Modern building (2019)
- Allocated parking
- Available for 35% 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 35%, full price £205,000, £3,588 Min Deposit. Calculated using a representative rate of 5.03%
