Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
1 bedroom
Not specified
1/18
Available
£132,500
Foster House, Maxwell Road, WD6 1FS
Share 50% / Full price £265,000 / Min deposit £13,250
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You must be at least 18 years old. Your annual household income must be less than £80,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Description
Property reference number: 1639729
This well-presented apartment at Foster House offers the convenience of allocated parking and excellent transport links. Elstree & Borehamwood Station is just a short walk away, providing Thameslink services to central London, including St Pancras International and London Blackfriars . Additionally, Edgware Station is easily accessible, offering Northern Line services for direct connections to key destinations across London.
The property is ideally situated near a variety of local amenities. Residents can enjoy shopping at Tesco Superstore and Borehamwood Shopping Park, which features retailers like Lidl and Boots . For leisure and fitness, The Venue Leisure Centre offers a gym, swimming pool, and fitness classes , while PureGym provides a 24/7 no-contract gym option . Entertainment is close by with Reel Cinema , and a selection of pubs and restaurants can be found along the High Street, offering a variety of dining options.
Closest station: Elstree and Borehamwood (0.7 miles), Edgeware (4.8 miles)
Remaining lease term: 83 years
Annual ground rent amount: £175
Ground rent review period: Applicable upon final staircasing
Annual service charge amount: £3,577.08
Service charge review period: Annually
Council tax band: C
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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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£132,500
Shared Ownership Resale
Full price £265,000
Estimated monthly cost£1,222
Rent£267
Service charge£298
Mortgage£657
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
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