Share Price £75,000 (from 25% Min. Share)

Full Value £300,000 | £3,750 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 1 bed apartment in London Colney - Hertfordshire

place West Hall, Beningfield Drive, AL2 1FD

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1 Bedroom Apartment set in stunning grounds of Napsbury Park


Eligibility

Priority will be given to first time buyers and to those with a local connection to the St Albans district area i.e. you currently live and/or work and/or have a close family connection in the area.

You must meet the following:

· You are approved by the Help to Buy Agent.

· You have a gross household income of no more than £80,000 per annum.

· You are unable to purchase a suitable home to meet your housing needs on the open market (100% ownership).

 


Description

Settle are delighted to advertise for sale, on behalf of the owners, this one bedroom apartment for shared ownership in the stunning grounds of Napsbury Park.

Encompassed by the magnificent Napsbury Park, a beautiful setting amongst acres of Grade II Listed parkland, yet still offering excellent access to the motorway networks (A414, M25 and A1M), extensive local shopping facilities and with St Albans city centre only a short drive away.

Externally there is allocated parking, communal gardens, sports facilities and acres of stunning grounds around Napsbury Park.This former hospital site has seen a rapid redevelopment since the hospital closed in 1999. The overall development now provides over 600 homes.

The property is accessed from Shenley Lane (B5376). The property fronts on to Beningfield Drive which in turn is accessed from Goldring Way. The area has good access to London Colney and St Albans. The development has good road access via the A414 to St Albans and Watford as well as the M25 and A1(M) at Hatfield.

 


Key Features

  • Spacious one bed apartment
  • Large open plan living area
  • Large double bedroom with built in wardrobes
  • Modern bathrooms with freestanding sink and granite countertop
  • Large Georgian windows
  • Allocated parking
  • Carpet and laminate flooring throughout
  • Neff integrated appliances
  • Set within the converted hospital
  • Gas central heating
  • Acres of stunning grounds around Napsbury Park
  • Entry phone system
  • Beautiful country surroundings
  • 20 minutes commute to London St Pancras from St Albans station

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Calculate Monthly Cost

Share price
£ 75,000
Min. £75,000
Share percentage
Min. 25%
Your deposit
Min. £3,750
Monthly cost*
£883
Cost breakdown
£509
Rent
£0
Service charge
£374
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.