2 bedroom apartment for sale
Coddington Close, East Herts, SG12 9FN
Share percentage 60%, full price £325,000, £9,750 Min Deposit.
Share percentage 60%, full price £325,000, £9,750 Min Deposit.
Monthly Cost: £1,578
Rent £362,
Service charge £130,
Mortgage £1,086*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in East Herts, Hertfordshire
Description
Beautiful contemporary apartment now available in Ware through Shared Ownership.
The property comprises a wide living room with an open-plan fitted kitchen, a bedroom with access to a private balcony and another studio/smaller bedroom. This could be ideal for a couple or a small family.
The flat was built circa 2021 and has an allocated off-street parking space, along with communal gardens.
Key Information Document
Available for £195,000 for 60% share based on the marketing figure of £325,000.
Monthly rent - £361.62
Monthly Service Charge - £130.42
Total Monthly Charge - £492.04 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property is located just outside Ware's town centre and close to the railway station, making it a great position for commuting.Liverpool Street, in Central London, can be reached in 48 minutes from the flat.
Road travel is also convenient, thanks to the several highways nearby connecting to the A1(M) and M11 motorways.
All amenities are nearby, on the high street of Ware, less than 10 minutes away walking, including pubs, restaurants and large supermarkets.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 121
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
- Two-bedroom apartment
- Modern building (2021)
- Private balcony
- Off-street parking
- Available for 60% 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 60%, full price £325,000, £9,750 Min Deposit. Calculated using a representative rate of 5.03%
