2 bedroom apartment for sale
99 Watersmeet, Grove Road, SG4 0AW
Share percentage 25%, full price £315,000, £3,938 Min Deposit.
Share percentage 25%, full price £315,000, £3,938 Min Deposit.
Monthly Cost: £1,392
Rent £824,
Service charge £129,
Mortgage £439*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
2 Bedroom split level maisonette in Hitchin now available under Shared Ownership
Description
This two bedroom, split level, ground floor maisonette is a fantastic first time purchase being sold as a 25% shared ownership share. The property benefits from its own front door and set over two floors. It is a fantastic size comprising; entrance hallway, large open plan living/dining and kitchen, master bedroom with ensuite shower room and balcony, second bedroom and bathroom. Externally, there are communal gardens and an allocated parking space within a secure car park.
Watersmeet is located in Hitchin and has stunning views from both floors over the river Purwell. The property sits within walking distance of Hitchin town centre and Train station and other local amenities. Hitchin is a bustling town centre known for is lively atmosphere within the town square, plenty of boutiques, bars and restaurants.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Two Bedrooms with Fitted Wardrobes
- Split-Level Ground Floor Maisonette
- Allocated Parking Space in Secure Car Park
- Ensuite Shower Room
- Balcony
- Open Plan Living
- Walking Distance To Hitchin Town Centre/Station
- View Over River Purwell
- Tenure: Leasehold (109 years from 10/01/2020).
- Share Available: 50%(£78,750).
- Shared Ownership Rent: £824.34 per month (subject to annual review).
- Lease Management Fee: £25.54 per month (subject to annual review).
- Service Charge: £129.34 per month (subject to annual review).
- Council Tax: Band C, North Hertfordshire District Council.
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: C
Property Downloads
Key Information Document 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 25%, full price £315,000, £3,938 Min Deposit. Calculated using a representative rate of 5.03%
