1/22
£183,750
UNDER RENOVATION - 3-bedroom house available in Abbots Langley through Shared Ownership!
You can apply to buy the home if all of the following apply:
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Viewings available 2nd March - target handover 31st March. Please be advised you can put down an off -plan reservation to secure the property prior to viewing to avoid missing out.These homes are available on a first come first serve basis.
Overview
This three-bedroom home is currently under renovation, and will offer a fully fitted kitchen, spacious living area, separate dining area, three carpeted bedrooms, a private garden, driveway parking, and a garage to the side of the property.
Key Features
- Three bedrooms
- Private garden
- Driveway parking
- Garage
- 990-year lease
- Excellent transport links from Kings Langley Station, connecting residents to London in under 40 minutes
- Contemporary fully fitted kitchen with integrated appliances
- Plush fitted carpets in all bedrooms for added comfort
Key Information
- Tenure: Shared Ownership
- Available Shares from: 35%
- Full Market Value: £525,000
- Share Value (initial purchase) from: £183,750
- Rent (on unsold equity): £782
- Service Charge: £34 per month
- Lease Length: 990 years
- Council Tax Band: D
- EPC Rating: D
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Abbots Langley is a village just north of Watford, that offers great connectivity to London via the Metropolitan line at Kings Langley Station, and other towns and cities via the M25 and M1. Abbots Langley boast several area of natural beauty, such as Leavesden Country Park, which is perfect for long walks and outdoor activities. The town centre includes a variety of local shops, cafes, and pubs, whilst also being close to several primary and secondary schools, GP's and recreational facilities.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £80,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
This property is currently undergoing an extensive programme of refurbishment and to be sold in a completed state. The property will benefit from new kitchen, flooring, bathroom and decoration together with guarantees on electrics and other utilities and will benefit from a 6-month defects liability warranty.
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.
Red Loft