2 bedroom apartment for sale

Available

Sassoon Drive, SG8 5FR

£195,000 · Shared Ownership Resale

Share percentage 75%, full price £260,000, £9,750 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Parking
£195,000 Shared Ownership Resale

Share percentage 75%, full price £260,000, £9,750 Min Deposit.

Monthly Cost: £1,277
Rent £141, Service charge £133, Mortgage £1,003*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Summary

Ideally located on the outskirts of Royston Town Centre which offers a plethora of amenities and access to Royston station. Offering open plan living space, 2 double bedrooms and allocated parking

Description

***Please quote SAS144 when enquiring.***

- Introduction -

Ideally located on the outskirts of Royston Town Centre which offers a plethora of amenities and access to Royston station. Offering open plan living space, 2 double bedrooms, allocated parking and access to the communal gardens and children’s play area.

- What the owner says -

A modern residential area with a children’s play area on the estate. Royston high street and shops are just a short distance away with Royston station providing access to Cambridge & London. The property itself has an open plan living room and kitchen, two large double bedrooms, off-street allocated parking, rear communal gardens and an external secure storage/bike shed.

- 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. At this property a 5% deposit is within reach - just £9,750 for a 75% share!

- 2 bedroom 1st floor apartment.

- Televisual entry system for security and peace of mind.

- Open plan living space has a bay window, side window and kitchen window with views out onto the estate and space for a dining area. The kitchen comes with matching wall and base units with contrasting countertop, electric hob and cooker with integrated extractor fan overhead, dishwasher, space for a washing machine and fridge/freezer.

- Double master bedroom has a window looking out onto the estate and offers space for wardrobes/drawers.

- Double second bedroom has 2 windows looking out onto the estate and offers space for wardrobes/drawers.

- Family bathroom with tiled bath and overhead shower, wash hand basin, heated towel rail and WC.

- Carpets fitted throughout the apartment, with tile fitted to the kitchen and bathroom.

- Gas central heating.

- Communal gardens with secure storage/bike shed.

- Allocated offstreet parking.

- Costs –

PRICE - £195,000*

RENT - £134.64pm

SERVICE CHARGE - £120.69pm**

*This represents a 75% share of the full open market value of £260,000

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

- General Information -

Tenure: Leasehold

Lease: 125 years from 1st January 2016

Years remaining on lease: 119 approx.

Approximate internal area: 80 sq. m.

Local authority: Hertfordshire County Council

Council tax band: C

EPC rating: B (90)

- Terms, conditions and requirements -

Minimum household income requirement: £48,884^

Deposit: If you will be obtaining a mortgage you will need at least £9,750 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

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://helptobuyagent3.org.uk/user/. 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.

Local connection: Applicants must have a local connection to North Hertfordshire.

Priority: Priority is given to those nominated North Hertfordshire Council


- Viewings -

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
  • £195,000 for a 75% share available under the shared ownership scheme
  • Only £9,750 for a 5% deposit!
  • Televisual entry system for security and peace of mind
  • Open plan living space
  • Communal gardens
  • Allocated off street parking
  • Walking distance to public transport and Royston station providing easy access to Cambridge & London
  • You can purchase more shares up to 100% when the time is right for you
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Energy Certificate
Map
Royston (0.64 miles) Meldreth (2.35 miles) Shepreth (4.27 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£195,000
Shared Ownership Resale
Estimated Monthly Cost:£1,277
Rent £141
Service Charge £133
Mortgage £1,003

Share percentage 75%, full price £260,000, £9,750 Min Deposit. Calculated using a representative rate of 4.24%


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.