2 bedroom apartment for sale

Available

Jefferson House, Giles Crescent, SG1 4GT

£94,500 · Shared Ownership Resale

Share percentage 35%, full price £270,000, £4,725 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£94,500 Shared Ownership Resale

Share percentage 35%, full price £270,000, £4,725 Min Deposit.

Monthly Cost: £1,132
Rent £496, Service charge £97, Mortgage £539*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

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Summary

A 2 bed shared ownership property available in Stevenage, Hertfordshire

Description

This bright, modern two-bedroom apartment is available in Stevenage through Shared Ownership.

The property comprises an entrance hall, a living room with a modern open-plan kitchen, two bedrooms (one ensuite bedroom, and a bathroom.

The apartment has access to a shared garden area and allocated off-street parking. This is perfect for couples and small families.

Available for £94,500 for 35% share based on the marketing figure of £270,000.

Monthly rent - £495.83
Monthly Service Charge - £96.64
Total Monthly Charge - £592.47 plus mortgage required for 35% share.

An annual rent increase takes place every April

Location

The property situates near Luton, which makes it great for travel via air, train or car.

The Thamelink travels to London in just over 40 minutes, and the A1 motorway sits just minutes from the flat. The Luton Airport has many flight routes across Europe.

There are several local amenities locally as well, with several large supermarkets in the area, a petrol station, some restaurants, and cafes.

You can also find the Stevenage shopping area in the town centre near the station with many fashion stores as well as bars and pubs.

EPC rating

Energy rating band - B
Environmental impact band - B

Layout and dimensions

Gross internal floor area: 61 m²
Living room & kitchen: 6.43 x 3.66 m
Bedroom 1: 3.35 x 2.44 m
Bedroom 2: 3.45 x 3.25 m

Lease information

Years remaining on lease: 119

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.

Key Features
  • Two-bedroom apartment
  • Modern open-plan kitchen
  • Allocated off-street parking
  • Shared garden area
  • Available for 35% share
  • 5% minimum deposit only
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Stevenage (2.26 miles) Knebworth (3.97 miles) Hitchin (4.44 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.

£94,500
Shared Ownership Resale
Estimated Monthly Cost:£1,132
Rent £496
Service Charge £97
Mortgage £539

Share percentage 35%, full price £270,000, £4,725 Min Deposit. Calculated using a representative rate of 5.26%


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.