Share Price £132,500 (from 50% Min. Share)

Full Value £265,000 | £6,625 Min. Deposit

Scheme: Shared Ownership

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Lantern Crescent - 2 bed apartment in Royston - Hertfordshire

place Off Lumen Road, Royston, SG8 7AG

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A collection of stylish modern homes available for SHARED OWNERSHIP, located off Lumen Road in the attractive town of Royston, Hertfordshire.


Eligibility

There are some general eligibility requirements that anyone wishing to buy a Shared Ownership home must meet.The general eligibility criteria for Shared Ownership is as follows:

  • You must be at least 18 years old
  • Outside of London your annual household income must be less than £80,000
  • In London your annual household income must be less than £90,000
  • You should generally be a first time buyer, i.e. you don’t already own a home. If you do already own, you must be in the process of selling it
  • You should not be able to afford to buy a home suitable for your housing needs on the open market
  • You must show you are not in mortgage or rent arrears
  • You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home

Please contact our sales team for eligibility criteria as this may differ with each development.


Description

The Lanterns - 2 Bedroom Apartment

A collection of stylish modern homes available for SHARED OWNERSHIP, located off Lumen Road in the attractive town of Royston, Hertfordshire.

This stylish 2 bedroom home which benefits from a contemporary open-plan kitchen/dining area with INTEGRATED Zanussi kitchen appliances including gas hob, single oven and extractor hood. The separate living room offers plenty of light and space, and there are 2 double bedrooms along with a contemporary family bathroom.

This property presents a fantastic opportunity for first time buyers and commuters alike

Full Market Value - £265,000

50% Share Price - £132,500

Monthly Rent - £303.65

Service Charge - £108.06

Find your perfect home - Available from 50% share

Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. At Lantern Crescent, you can purchase a share in a new home from 50% up to a maximum of 75% of the initial purchase price, subject to eligibility and qualifying conditions. You will be expected to purchase the maximum share you can afford and sustain in the long term via savings and a mortgage, and this will be dependent on your income and savings (for your deposit), and any financial commitments you may already have.

Advantages of Shared Ownership

*You only need a deposit for the share you are buying
*You can buy more shares as you can afford more
*More security of tenure.


To be considered eligible for one of these properties, all applicants must be approved for Shared Ownership by Help to Buy. An online application can be completed. You will also be required to have an affordability assessment carried out by a Mortgage Advisor.

ABOUT ROYSTON
Steeped in history dating back to the 12th century, Royston offers a rich heritage, which includes the Augustinian Priory, the medieval Royston Cave and the Roisia Stone, from whence the town gets its name.

ON THE DOORSTEP
A traditional market town, Royston hosts regular markets twice a week on Market Hill in the heart of the town. Here you will also find a range of independent shops and businesses for everyday needs including a range of cafes and restaurants. Enjoy the green open spaces of the award winning Priory Memorial Gardens and the nearby Heath, with its woodland footpaths, the rare pasque flower and chalk tracks.

THINGS TO DO
Nearby, Wimpole Estate offers acres of parkland to explore, abundant with wildlife, trails and tracks for cycling. Once you've walked and taken in the stunning views, treat yourself to something to eat in one of the three cafes available. If you prefer something more active, you can take part in the Wimpole Estate parkrun event every Saturday.

Explore the manmade Royston Caves which are cut into the chalk beneath the streets of Royston. The carvings in the cave have led to much speculation about the origin and function of the cave. Being unique in Europe, if not the world, the cave remains a mysterious and magical place, attracting visitors from around the world.

IWM Duxford tells the story of the impact of aviation on the nature of war and on people's lives. Set within Britain's best-preserved Second World War fighter station, seven impressive hangars filled with extraordinary collections and state-of-the-art exhibitions take you on an unforgettable journey through times of war and peace.

Please note: CGI images are shown for illustrative purposes


Key Features

Interior finishes

  • 2 panel white internal doors
  • Brilliant white matt paint finish to all internal walls and ceilings
  • White satin finish to all wood work
  • Mirrored wardrobe to bedroom 1 (2 & 3 beds)
  • Vinyl flooring to bathroom, en-suite, WC and kitchen
  • Carpets to all other areas

Kitchen

  • Lemon grass kitchen units
  • Stainless steel splashback
  • Integrated Zanussi appliances to include gas hob, single oven and extractor hood
  • Chrome light fittings

Bathroom & En-suite

  • Contemporary sanitary ware
  • Bath with Bristan artisan thermostatic bath/shower mixer
  • Shaver socket to bathroom and en-suite
  • Heated chrome towel rail
  • Porcelenosa wall tiles to bathroom and en-suite

General

  • Gas central heating with thermostatically controlled radiators
  • White plastic electrical faceplates
  • Low voltage chrome downlighters to hallways, bathrooms and en-suites
  • Pendant lighting to bedrooms and lounge
  • Turf to front and rear gardens

Security

  • Multi-point locking mechanism to all external single doors
  • Carbon monoxide detector
  • Smoke detector to ground floor and first floor hallways
  • Video entry system to apartments

Telecommunications

  • TV points provided to lounge, kitchen and bedroom 1
  • Quadraplex Sky plus and Sky Q compatible TV points provided to lounge and bedroom 1
  • BT points provided to lounge, kitchen and bedroom 1

Download Documents

Link to the floor plan Property brochure 1 Energy Certificate
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Calculate Monthly Cost

Share price
£ 132,500
Min. £132,500
Share percentage
Min. 50%
Your deposit
Min. £6,625
Monthly cost*
£1,072
Cost breakdown
£304
Rent
£108
Service charge
£660
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.