2 bedroom apartment for sale
Shapiro House, , SG1 4GW
Share percentage 35%, full price £275,000, £4,813 Min Deposit.
Share percentage 35%, full price £275,000, £4,813 Min Deposit.
Monthly Cost: £1,079
Rent £442,
Service charge £89,
Mortgage £548*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
A modern, bright two-bedroom apartment is now available in Stevenage through Shared Ownership. The apartment is on the third floor and comprises an open-plan fitted kitchen with a lounge with doors to east facing balcony, two double bedrooms, and a bathroom with a bathtub. The property also benefits from an allocated off-street parking space.
Key Information Document
Available for £96,250 for 35% share based on the marketing figure of £275,000.
Monthly rent - £441.64
Monthly Service Charge - £89.35
Total Monthly Charge - £530.99 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsThe gross internal floor area amounts to approx. 60m².
The accommodation comprises:
• entrance hall
• kitchen, lounge and dining room leading to the balcony
• 2 bedrooms
• bathroom with integral bath/shower
The flat is presented in good condition and the decoration was good. The flooring is neutral throughout. All windows are double-glazed uPVC casements.
The east-facing balcony measures 4m x 1.5m.
Outside
The flat has an allocated off-street parking space.
The external condition of the building is good.
Years remaining on lease: 120
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy rating band - B
Environmental impact band - B
Key Features
- Two bedrooms
- Third floor
- Allocated off-street parking space
- Balcony
- Close to local amenities
- 5% deposit
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 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.
Share percentage 35%, full price £275,000, £4,813 Min Deposit. Calculated using a representative rate of 5.26%
