2 bedroom apartment for sale
Freight House, Brunel Drive, CM23 3GT
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit
Monthly Cost: £1,273
Rent £658,
Service charge £140,
Mortgage £475*
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 £350,000 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 £87,500 with a 25% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £87,500 with a 25% share!
Located in the popular Bishop's Stortford area, this spacious two-bedroom second-floor apartment offers modern living within easy reach of local amenities and excellent transport links.
The property features a bright open plan living and kitchen area, perfect for relaxing or entertaining, with doors leading to a private balcony. There are two inviting bedrooms, including a main bedroom with en-suite, along with a separate family bathroom.
Further benefits include designated parking, secure entry, and close proximity to shops, cafes, green spaces, and schools. Bishop's Stortford train station is nearby, providing direct links into London Liverpool Street, making commuting easy. This apartment is perfect for anyone looking for comfortable, modern living in a well-connected and desirable location.
PRICING & AFFORDABILITY
Full Market Value: £350,000
25% Share Price: £87,500 (rent £657.82pcm)
Minimum 5% Mortgage Deposit (25% share): £4375
Approximate Service Charges: £139.60pcm*
Lease: 122 Years
Key Features
Modern Shared Ownership Apartment
Two Bedrooms
One Bathroom
En-suite
Balcony
Residents Parking
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: C
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 4.78%
