2 bedroom apartment for sale
Available
Austen Way, St Albans, AL4 0FW
£92,500 · Shared Ownership New Build

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

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£92,500 Shared Ownership New Build · Eligibility Eligibility

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

Monthly Cost: £1,181
Rent £636, Service charge £84, Mortgage £461*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

To be eligible for shared ownership you would need to meet the following criteria:

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Summary

Brand new apartment

Description

The accommodation includes allocated parking and comprises: entrance hall, a ‘London-style’ open plan lounge/kitchen/diner, two bedrooms and a bathroom. The shared ownership apartments are located on the ground, first and second floor.

Some of the specification included as standard with these homes are: Integrated oven, hob and extractor hood, ‘Regency’ carpet in living area and bedrooms, premium vinyl in kitchen, bathroom and WC and Ideal Logic Code Combi boiler.

Key Features

Brand new Shared Ownership home

Open plan lounge/kitchen/diner

Allocated parking

Two double bedrooms

Walking distance to train station

Close to local amenities

Property Downloads
Floor Plan
Map
Epping (9.61 miles) Theydon Bois (11.10 miles) Debden (13.12 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:£1,181
Rent £636
Service Charge £84
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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Kingsbury Gardens
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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.