3 bedroom house for sale
Pigeonswick Close, SG1 2GU
Share percentage 40%, full price £475,000, £9,500 Min Deposit.
Share percentage 40%, full price £475,000, £9,500 Min Deposit
Monthly Cost: £1,748
Rent £692,
Service charge £24,
Mortgage £1,032*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £475,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £190,000 with a 40% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £190,000 with a 40% share!
Offered to the market is this well-presented three-bedroom semi-detached house in the popular Symonds Green area of Stevenage. The property features three bedrooms, including a master with en suite, a family bathroom, downstairs WC, a spacious living and dining room, modern kitchen, driveway parking, and a private rear garden.
Located just under a mile from Stevenage railway station, the area offers excellent transport links with regular services to London King’s Cross and Cambridge, as well as easy access to the A1. Stevenage town centre is nearby, providing a wide range of shops, supermarkets, restaurants, and the Westgate Shopping Centre. Local amenities include schools, leisure centres, and everyday essentials.
PRICING & AFFORDABILITY
Full Market Value: £475,000
40% Share Price: £190,000 (rent £691.79pcm)
Minimum 5% Mortgage Deposit (40% share): £9500
Approximate Service Charges: £24.03pcm*
Council Tax Band: D
Lease: 119 years
Key Features
Modern Shared Ownership Home
Semi detached
Three Bedrooms
Two Bathrooms
Garden
Driveway
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 40%, full price £475,000, £9,500 Min Deposit. Calculated using a representative rate of 4.78%
