2 bedroom apartment for sale
Townsend Mews, SG1 3BQ
Share percentage 25%, full price £250,000, £6,250 Min Deposit.
Share percentage 25%, full price £250,000, £6,250 Min Deposit.
Monthly Cost: £956
Rent £473,
Service charge £166,
Mortgage £317*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if: You have a gross household income of no more than £90,000 per annum. You are unable to purchase a suitable home to meet your housing needs on the open market. You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
A contemporary two-bedroom apartment in Stevenage is now available for Shared Ownership!
Description
A contemporary two-bedroom apartment in Stevenage is now available for Shared Ownership. This resale apartment is now available for £62,500 for a 25% share, with a full market value of £250,000.
This spacious two-bedroom apartment offers great views of the town of Stevenage, as it is located on the fourth floor of a residential development. The kitchen features gloss white fitted units, matching worktops and integrated appliances. Bedroom one has views to the front and an en-suite shower with fitted carpets covering the bedroom. The second bedroom also has a window to the front and fitted carpets to the bedroom. The bathroom includes a bath with shower attachment WC and wash basin, tiled floors.
Overall, the apartment enjoys a contemporary design with, natural light, views and energy efficiency features such as PVCu double glazed windows, which has resulted in the property to be awarded an ‘EPC’ rating of ‘B’. Furthermore, the apartment has a reserved parking space, with the gross internal area of the property is 79.8m².
Local
Stevenage, consists of both the New and Old Towns, boasts a prime location easily accessible via the A1M. The Old Town's Historic High Street is a bustling hub, hosting an array of shops, including a convenient Tesco Express supermarket, along with charming cafés, restaurants, traditional pubs, and a vibrant public library. The prime retail area in the New Town is centred around Queensway, the Westgate Shopping Centre and the Forum Shopping Park. The High Street is seen as a secondary trading location to the east.
For broader amenities, the nearby New Town offers comprehensive shopping facilities, alongside a dynamic array of amenities such as schools, a Leisure Complex, Theatre, and Arts Centre. Notably, Stevenage station is on the western side of the town centre and provides services operated by Great Northern and Thameslink into central London, with fast regular trains to London Kings Cross (23 mins).
Key Features
• EPC rating ‘B’
• Two bedrooms
• Allocated parking
• Lift
• One en-suite
• Gross internal floor area - 79.8m²
• 110 remaining on the lease
Particulars
Tenure: Leasehold
Lease Length: 110 years
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 25%, full price £250,000, £6,250 Min Deposit. Calculated using a representative rate of 4.64%