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
1/16
Available
£86,000
The Granary, Stanstead Abbotts, SG12 8XH
Share 40% / Full price £215,000 / Min deposit £8,600
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 may be eligible for this property if: 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: 1639367
This fantastic south facing 1-bedroom second-floor flat is located in the charming village of Stanstead Abbotts in East Hertfordshire. Located near the River Lea and surrounded by beautiful countryside, this home is perfect for outdoor enthusiasts with scenic walking trails and several nature reserves all within walking distance.
The village offers a range of everyday amenities close by, including a large Sainsbury's for groceries, and a collection of shops, pubs, and restaurants.
The village and surrounding areas including Hoddesdon, Hertford, Ware and Harlow also offer a range of amenities for days out, easily accessible from St Margarets station just a 5-minute walk from your front door. Trains also run directly into London Liverpool Street in as little as 40 minutes.
Nearest station: St Margarets (0.7 miles) Bus routes nearby: 25, 35, 310
Key features: - Stunning village location - Direct routes into London from St Margarets station - Integrated kitchen appliances - Communal garden and playground - Parking
Financial information Tenure: Leasehold Remaining lease term: 170 years Annual ground rent amount: £0 Ground rent review period: No ground rent to pay until final staircasing. Annual service charge amount: £1,323.36 Service charge review period: Annually Council tax band: B
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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
£86,000
Shared Ownership Resale
Full price £215,000
Estimated monthly cost£824
Rent£287
Service charge£110
Mortgage£427
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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