2 bedroom apartment for sale
Available
Franklin Court, Brook Road, WD6 5FN
£92,500 · Shared Ownership New Build

Share percentage 25%, full price £370,000, £4,625 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£92,500 Shared Ownership New Build

Share percentage 25%, full price £370,000, £4,625 Min Deposit.

Monthly Cost: £1,187
Rent £636, Service charge £90, Mortgage £461*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

Brand new 2 bedroom apartment at Franklin Court, Borehamwood, featuring open plan living area with private balcony, two double bedrooms and tiled bathroom

Description

Flat 101, Franklin Court

This beautiful new build two bedroom apartment features a versatile open plan kitchen and living/dining room, with a double master bedroom with en suite and a second double sized room with great storage space. The stylish bathrooms feature a thermostatically controlled mixer shower over bath and electric heated chrome towel rail.

The elegant kitchen boasts quartz worktops and integrated Bosch appliances while the living/dining room opens onto your private balcony.

The two bedrooms are bright and airy and offer plenty of space for furniture, so there's plenty of scope to add your own personal touches, while the modern bathroom features full-height porcelain tiling and Grohe fittings.

This home comes with an allocated parking spot in the secure internal parking, and there is 24hrs CCTV on the development, as well as secure bicycle store. Each home also features audio and video entry phone.


Price of this home

The full market value of this home is £370,000 but, with shared ownership, you could purchase an initial 25% share for just £92,500 and pay a monthly rent on the remaining share. If you're buying with a mortgage you may only need a deposit of 5% of the amount you borrow, meaning your deposit could be as low as £4,625.


Room measurements

Living room - 3.2m x 3.5m

Kitchen/dining room - 3.6m x 4.6m

Master bedroom - 3.2m x 3.4m

Bedroom two - 3.2m x 2.3m

Total floor area - 65m²


Local Area

Borehamwood is a small town on the outskirts of London mainly known as one of the main
centres of the UK film and television industries.

Situated in Southern Hertfordshire, it has seen a rising development from the 1920s after the construction of the film production studios. Moreover, the expansion of London's transportation network and the presence of fast train connections to the city have had a major impact on the populations' growth.

From the 1920s Borehamwood has earned the nickname of the 'British Hollywood' thanks to the construction of numerous film studios. Although most of them have now been reduced in size or
demolished, many films and shows are still filmed in the streets of the town. BBC Elstree Studios is no exception, still hosting nationwide famous shows as The Voice, Strictly Come Dancing and the popular soap EastEnders.

Today, Borehamwood is a residential suburb currently undergoing a substantial housing transformation. It offers several schools and large new shopping areas as Borehamwood Shopping Park. It is served by trains operated by First Capital Connect on the Thameslink route, and it is well connected with the A1 road and the M25 motorway.


About shared ownership
Shared ownership gives you the opportunity to get your foot on the property ladder at a price you can afford.

You qualify for shared ownership if you:

* Have a household income of under £80,000 (£90,000 in London)
* Don't currently own your home and can't afford to on the open market
* Can afford the minimum deposit
* Pass an affordability check to make sure you can get a mortgage

Get in touch to find out more

Photos and CGIs are for illustrative purposes only and may feature previous developments.

Key Features
  • New two bedroom apartment
  • Elegantly designed contemporary kitchen
  • Bosch stainless steel hob and integrated oven, washer-dryer and fridge-freezer
  • Porcelain kitchen floor tiles and quartz worktops
  • Versatile open plan living area
  • Private balcony
  • Wood flooring in living room and hallway
  • Two double bedrooms with carpet and ample space
  • Porcelain-tiled bathroom with Grohe fittings
  • Secure car park and bicycle storage
  • Landscaped courtyard and playground
Property Downloads
Floor Plan
Map
Elstree & Borehamwood (0.57 miles) Radlett (2.73 miles) Stanmore (3.04 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£92,500
Shared Ownership New Build
Estimated Monthly Cost:£1,187
Rent £636
Service Charge £90
Mortgage £461

Share percentage 25%, full price £370,000, £4,625 Min Deposit. 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.