Share Price £116,000 (from 50% Min. Share)

Full Value £232,000 | £5,800 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Stevenage - Hertfordshire

place SIX HILLS HOUSE, KINGS ROAD, SG1 1AW

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A two bedroom first floor flat located in Stevenage available through Shared Ownership Scheme.


Description

Full Description

A two bedroom first floor flat located in Stevenage available through Shared Ownership Scheme.
Available for £116,000 for 50% share based on the marketing figure of £232,000

SO Resi Monthly Payment - £294.82
Monthly Service Charge - £142.68
Total Monthly Charge - £437.50 PLUS MORTGAGE REQUIRED FOR 50% SHARE

You can buy more shares for minimum of 10%

This modern property comprises entrance hall,spacious storage cupboard,open plan kitchen/living room, two bedrooms, one bathroom/WC and en suite shower/wc.

The property is within walking distance of local amenities such as schools, health clinic, shops and Stevenage Train Station; 5 min walk to Stevenage train station and town centre/leisure park, 2 min walk to Hertfordshire College and Busy Bees Nursery as well as Asda supermarket, 20 min journey to Kings Cross, 2min drive to A1M, 25min drive to M1.

EPC Rating
Energy Rating Band - D
Environmental Impact Band - D

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Key Features

  • Two bedroom first floor flat
  • Good condition
  • Electric central heating system
  • One allocated parking space
  • Double glazed
  • Close to local amenities in Stevenage

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 116,000
Min. £116,000
Share percentage
Min. 50%
Your deposit
Min. £5,800
Monthly cost*
£1,016
Cost breakdown
£295
Rent
£143
Service charge
£578
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.