Share percentage 100%, full price £475,000, £23,750 Min Deposit.
Share percentage 100%, full price £475,000, £23,750 Min Deposit.
Monthly Cost: £1,781
Calculated using a representative rate of 1.39%
Calculate estimated monthly costs
Equity Share Scheme
Lincolnsfield, Squires Park, Bushey, Hertfordshire.
Hertsmere Borough Council Eligibility Criteria and Priorities
First Joint Priority
a) Resident in Hertsmere and currently a tenant of a Registered Social Landlord no minimum
period of residency required.
b) Armed Forces personnel living in Hertsmere or had lived in Hertsmere immediately before being posted elsewhere.
Current resident in Hertsmere in rented or other accommodation considered settled by the Council and on the Council’s Housing Register
Current resident in Hertsmere in rented or other accommodation considered settled by the Council.
Continuously employed within the Borough of Hertsmere for a minimum period of 6 months. The main place of employment is situated within the borough.
Have a close relative that lives in the Borough and has done so continuously for the last 12 months. Close relative is defined as parent, son, daughter, brother or sister. (Note if the connection is either an applicant's son or daughter, the son/daughter must be over 18 years of age) – Evidence of a local connection gained through family will be required in the form of birth certificates.
All the above must be first time buyers, not own any other property within the United Kingdom or abroad and this purchase will be their only residence
All the above must earn less than, or a maximum of, £80,000 per annum per household.
All applications must be approved and authorised by Hertsmere Borough Council.
New Homes in Bushey- 2 luxury apartments with private patios/ balconies available on a shared equity basis
Squires Park is a flagship development of 55 luxurious apartments and houses, situated in the most desirable gated location in Bushey.
It is surrounded by greenbelt countryside and open fields.
It offers modern living in a delightful rural setting.
Each of these desirable properties have been carefully designed to the highest specification with sleek modern kitchens and luxurious bathrooms offering the ultimate in contemporary living, whilst incorporating traditional external features in-keeping with the historical feel of the area it sits within.
As part of this development, Hertsmere will be helping to deliver 2 x two bedroom apartments on an 80% shared equity basis.
The market value for these apartments is £475,000.
These elegantly designed two-bedroom apartments are ideal for buyers who want a spacious, luxurious home that retains a sense of warmth and comfort. The apartments are surrounded by opulent landscaped gardens, combine modernity with comfortable living.
A bright and spacious open plan kitchen, living and dining area leads out to a private outdoor space.
The apartments also feature a family bathroom designed with a wealth of modern conveniences, echoing the high-quality aesthetic throughout the properties.
Squires Park is an exceptional development has been thoughtfully positioned close to a range of transport links, amenities and places of interest.
The Bushey Hall Golf Club and Bushey Rangers Youth & Football Club are just a short walk from Squires Park, while the Bushey Grove Leisure Centre and David Lloyd Gym are nearby and feature swimming pools, a spa, cafés and large event rooms to hire.
Bushey also has a number of beautiful parks and open spaces to wander through at your leisure, including King George Recreation Ground (featuring a splash park and café), Fishers Field Nature Reserve, Bushey Rose Garden and Hilfield Park Reservoir.
Bournehall Primary School, Bushey Heath Primary School and Merry Hill Infant School and Nursery are based in the town of Bushey and all currently hold an outstanding Ofsted rating. In nearby Watford, the towns Boys and Girls Grammar Schools both hold an outstanding rating and are considered two of the most esteemed secondary schools in Hertfordshire.
Watford also plays host to a number of exciting amenities and attractions. The impressive Atria Shopping Centre features a number of high street stores and restaurants, while the stunning Edwardian Watford Palace Theatre runs a number of productions throughout the year. In addition, sports fans can pay a visit to Vicarage Road, home to Watford Football Club. If you are looking to venture further afield, the M1 motorway is just a five-minute drive from Squires Park, while the two nearest train stations, Watford and Bushey, are within a 20-minute walk.
Squires Park has just two shared equity properties. These apartments are valued at £475,000, however through this programme any purchaser wanting to buy either of the properties will only have to pay 80% of the market value. This figure is £380,000 with Hertsmere owning the other 20%. Therefore, buyers will be required to put down a deposit and take out a mortgage for the 80% value being £380,000.
This is an opportunity for a first time buyer to purchase a luxury property for a smaller amount of money and take their first steps onto the property ladder. There is no rent to pay as these are not shared ownership programmes. We strongly advise for all interested parties to speak to our mortgage broker Paul McManus on 07850 363578 / Paul.McManus@mab.org.uk so that you are aware of minimum deposit levels required by lenders and the affordability on the remaining balance to come from the mortgage company.
• Shared Equity apartments
• Luxury finishes
• Seven-acre development
• Surrounded by green belt countryside
• Modern living
• Rural setting
• Patio/ balcony
• Close to M1
• Selection of good local schools
Property DownloadsFloor Plan Brochure Price List
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 100%, full price £475,000, £23,750 Min Deposit. Calculated using a representative rate of 1.39%