2 bedroom apartment for sale
Coddington Close, East Herts, SG12 9FN
Share percentage 45%, full price £300,000, £6,750 Min Deposit.
Share percentage 45%, full price £300,000, £6,750 Min Deposit
Monthly Cost: £1,323
Rent £457,
Service charge £133,
Mortgage £733*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in East Herts, Hertfordshire
Description
This bright, modern two-bedroom apartment is now available in East Herts through Shared Ownership.
The property on the ground floor comprises an entrance hall with storage, a spacious living room with a modern open-plan kitchen, two double bedrooms and a bathroom
Outside, there is a private balcony and parking available. Perfect for couples and small families.
Available for £135,000 for 45% share based on the marketing figure of £300,000.
Monthly rent - £457.01
Monthly Service Charge - £132.65
Total Monthly Charge - £589.66 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is located close to Ware town centre, which is 2.5 miles east of Hertford.
Ware offers a range of amenities including shops, supermarkets, restaurants, and 11 schools within 1 mile of the property.
Ware train station is only a 4-minute walk from the property and offers connections to London and Herford East.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 120
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationHow we allocate Shared Ownership homes
We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by SO Resi and MTVH
You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.
If the home is managed by another provider
Visit their website to find their allocation policy. Contact us if you have any questions.
Key Features
- Two bedroom apartment
- Modern kitchen
- Private balcony
- Parking available
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: Not specified
Property Downloads
Key Information Document 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 45%, full price £300,000, £6,750 Min Deposit. Calculated using a representative rate of 4.78%
