1 bedroom apartment for sale
Fusion Court, Broadmeads, Ware, SG12 9EJ
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Share percentage 30%, full price £230,000, £6,900 Min Deposit.
Monthly Cost: £903
Rent £360,
Service charge £195,
Mortgage £348*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A south/south-west-facing, second-floor flat close to Ware town centre. The smartly-presented property has a semi-open-plan kitchen/reception room and a bedroom with attractive wood panelling. There is a good-sized bathroom and a storage/utility cupboard in the entrance hall. Well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space and is also just minutes from the railway station which offers services between Hertford East and London Liverpool Street. Fusion Court has a neatly-tended communal courtyard and the picturesque River Lea is close by.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £230,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3fhd7kvp]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years less 30 days from 01/01/2008).
Minimum Share: 30% (£69,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £359.82 per month (subject to annual review).
Service Charge: £195.40 per month (subject to annual review).
Guideline Minimum Income: Dual - £25,600 | Single - £31,900 (based on minimum share and 10% deposit).
Council Tax: Band C, East Hertfordshire District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £6,900
- Guide Min Income Dual £25.6k | Single £31.9k
- Second Floor (building has a lift)
- Approx. 428 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Modern Double Glazing and Gas Central Heating
- Parking Space and Communal Courtyard
- Minutes from Station/High Street
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureMap
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 30%, full price £230,000, £6,900 Min Deposit. Calculated using a representative rate of 4.59%