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£149,500
This superb modern home is available to buy from as little as £149,500 with a 50% share!
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.
Shared Ownership
This superb modern home is available to buy from as little as £149,500 with a 50% share!
Located within the well maintained George Court development, this attractive first floor flat offers bright, well proportioned accommodation.. The property benefits from a thoughtfully arranged layout with generous room sizes and a pleasant outlook within a modern residential setting.
The apartment opens into a welcoming hallway which provides access to all rooms. The spacious lounge/dining area is a comfortable and versatile living space and flows naturally into the fitted kitchen area, which offers ample worktop and cupboard space for everyday cooking needs. Two double bedrooms provide flexible accommodation and a modern bathroom completes the interior layout.
Externally, the building sits within neatly maintained communal grounds and comes with an allocated parking space.
George Court is situated in a popular and convenient residential part of Letchworth Garden City, known for its green spaces, tree lined streets, and excellent local amenities. Nearby you’ll find a selection of supermarkets, cafés, restaurants, and leisure facilities, as well as parks and open green areas ideal for walking and outdoor recreation. The town centre offers a wider range of shops and services, while nearby schools and healthcare facilities further enhance everyday convenience.
The property benefits from excellent transport connections. Letchworth Garden City railway station is within easy reach, providing direct services to London King’s Cross and Cambridge, making it ideal for commuters. Road users will appreciate quick access to the A1(M), offering straightforward routes to London, the North, and surrounding Hertfordshire towns. Local bus services also provide convenient links across the town and neighbouring areas.
PRICING & AFFORDABILITY
Full Market Value: £299,000
50% Share Price: £149,500 (rent £379.51pcm)
Minimum 5% Mortgage Deposit (50% share): £7,475
Approximate Service Charges: £60.45 pcm*
Lease: 91 years remaining
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership