2 bedroom apartment for sale
Jefferson House, Giles Crescent, SG1 4GT
Share percentage 35%, full price £260,000, £4,550 Min Deposit.
Share percentage 35%, full price £260,000, £4,550 Min Deposit.
Monthly Cost: £1,048
Rent £432,
Service charge £97,
Mortgage £519*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Stevenage, Hertfordshire
Description
Modern, bright & spacious two-bedroom apartment now available in Stevenage through Shared Ownership.
The property comprises a wide living room with an open-plan fitted kitchen, two large bedrooms, a family sized bathroom and an en-suite shower room. This could be ideal for a small family or couple.
The flat is on the first floor of a four-storey building, built in 2019; it has allocated an parking space.
Key Information Document
Available for £91,000 for 35% share based on the marketing figure of £260,000.
Monthly rent - £431.86
Monthly Service Charge - £96.64
Total Monthly Charge - £528.50 plus mortgage required for 35% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 61.9 m²Living room & kitchen: 6.45 x 4.27 mBedroom 1: 3.81 x 3.43 mBedroom 2: 3.43 x 2.92 mLease informationYears 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
Other informationKey Features
- Two bedroom apartment
- En-suite shower room
- Train from Stevenage to London in 25 minutes
- Close to Luton airport
- 5% minimum deposit only
- Allocated parking
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £260,000, £4,550 Min Deposit. Calculated using a representative rate of 5.26%
