£92,500

Bright and modern one-bedroom apartment now available in Stevenage through Shared Ownership.

The property on the fifth 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 £92,500 for 50% share based on the marketing figure of £185,000.

Monthly rent - £280.64
Monthly Service Charge - £184.66
Total Monthly Charge - £465.30 plus mortgage required for 50% share.

An annual rent increase takes place every April

The 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.

Energy rating band - D
Enironmental impact band - D

Years remaining on lease: 190

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.

This property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.