£106,250

This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.

There will be charges payable to the landlord upon completion. Please enquire for further information.

Bright and modern two-bedroom apartment now available in Hertfordshire, through Shared Ownership.

The property features an entrance hall, an open-plan living room and kitchen, two bedrooms, one toilet and one bathroom.

The property offers residents access to communal grounds and an allocated parking space.

Available for £106,250 for 25% share based on the marketing figure of £425,000.

Monthly rent - £882.39
Monthly Service Charge - £352.39
Total Monthly Charge - £1,234.78 plus mortgage required for 25% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property offers a modern residential setting with excellent access to local amenities. Within a short walk, residents can reach supermarkets, local markets, gyms, healthcare clinics, and a variety of independent shops and cafés.

The area is surrounded by green spaces such as Aberford Park and Meadow Park, ideal for outdoor activities and family outings. Schools and community facilities are also nearby, making this a convenient and family-friendly location.

Transport links are great, with Elstree & Borehamwood station just 0.6 miles away, offering direct Thameslink services to central London in approximately 28 minutes. Local bus routes provide easy connections to surrounding areas, and road access via the A1 and M25 makes commuting by car straightforward.

Energy rating band - B

Environmental rating band - B

Years remaining on lease: 118

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.

How 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.