Share Price £68,750 (from 25% Min. Share)

Full Value £275,000 | £3,438 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in East Hertfordshire - East Hertfordshire

place 51 Newlands Avenue, Bishop's Stortford, CM23 2UW

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A beautiful and stylish modern two-bedroom property offering stunning views of the well-maintained estate.


Eligibility

- Terms, conditions and requirements -

Minimum household income requirement: £25,454.15^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://www.helptobuyagent2.org.uk/apply-online. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.


Description

***Please quote NEW251 when enquiring.***

- Introduction -

A beautiful and stylish modern two-bedroom property offering stunning views of the well-maintained estate. It boasts a sleek open plan living room. The range of local amenities include schools, hospital, opticians, GP surgery, pubs, restaurants, supermarket and petrol station.

- What the owner says -

“Ideal location for commuter links, convenient access to supermarket and doctors surgery, walking distance to countryside fields, town Centre and Bishops Stortford train station. Quiet estate, well maintained with small play park. Well finished, modern and spacious property filled with natural light and well placed features.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two bedroom first floor apartment in a highly desirable area.

Entrance with soft closing front door leads to light and airy hallway with utility cupboard and telephone entry system providing security and peace of mind.

Open plan living room and lounge with wooden flooring and double doors.

Kitchen has a sleek and modern design with integrated appliances (integrated fridge/freezer, dishwasher, washer/dryer gas hob and extractor fan), coordinating fitted units with complimentary work tops and boiler

Bedroom one with double windows and radiator.

Bedroom two double windows and radiator.

Bathroom has a bath with overhead shower, glass shower screen, hand basin, wc and fully tiled walls.

Fitted carpets laid to bedrooms, wooden flooring laid to living area and hallways and tile to bathroom and kitchen.

Gas central heating

Well maintained childrens play area.

Off street parking and bike shed.

- Costs –

PRICE - £68,750*

RENT - £507.62pm

SERVICE CHARGE - £99.98pm**

*This represents a 25% share of the full open market value of £275,000

**This includes: sinking fund, management charge, insurance charge, service charge. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 125 years from 1st July 2019

Years remaining on lease: 123 approx.

Approximate internal area: 57 sq. m.

Local authority: Hertfordshire County Council

Council tax band: C

EPC rating: B (84)

- Terms, conditions and requirements -

Minimum household income requirement: £25,454.15^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://www.helptobuyagent2.org.uk/apply-online. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

*£68,750 for a 25% share available under the Shared Ownership scheme

A secure development

Private enclosed play area

Allocated parking and secure bike shed

Walking distance to public transport and town centre

Easy access to A120 and M11 motorway

Close to London Stansted Airport

You can purchase more shares up to 100% when the time is right for you


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 68,750
Min. £68,750
Share percentage
Min. 25%
Your deposit
Min. £3,438
Monthly cost*
£951
Cost breakdown
£508
Rent
£100
Service charge
£343
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.