1 bed Flat For Sale £220,000
Shared Ownership
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Located close to Stanstead Abbotts, near to shops, retail outlets, good bus route, trains and schools
gia – 42m²
Bedroom 1 –
• Double room
Bathroom/WC –
• Bath with shower over
• WC
• Sink with unit
Kitchen –
• Bright modern kitchen
Lounge –
• High Ceilings
• Bay Window seating
Outside
• Shared rear garden
• Allocated parking
Full market value: £220,000
Share price: £132,000
Share available: 60%
Monthly net rent: £230.00
Monthly service charge: £83.05
Council Tax rates payable £1,569.00
Further Info
Tenure: Leasehold
Ground Rent review Period: N/A
Lease Length: 83 years
Council Tax Band: B £1569.00 pa
Energy Efficiency Rating – B.
Ad-hoc Viewings
Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Resales team on
Tel: Or email:
Eligibility
· You must be at least 18 years old
· You should live or work in the East Hertfordshire area.
· Outside of London your annual household income must be less than £80,000
· You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
· You should not be able to afford to buy a home suitable for your housing needs on the open market.
· You must show you are not in mortgage or rent arrears
· You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
· You must be earning a household income of at least £40,135 per annum, with a minimum deposit of £6,600
The scheme allows you to purchase the specified share of the property price and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date. As a shared owner you will be an assured tenant until you own 100% of the shares for the property, after which you will own the leasehold interest
Location
Located close to Stanstead Abbotts, near to shops, retail outlets, good bus route, trains and schools
gia – 42m²
Bedroom 1 –
• Double room
Bathroom/WC –
• Bath with shower over
• WC
• Sink with unit
Kitchen –
• Bright modern kitchen
Lounge –
• High Ceilings
• Bay Window seating
Outside
• Shared rear garden
• Allocated parking
Full market value: £220,000
Share price: £132,000
Share available: 60%
Monthly net rent: £230.00
Monthly service charge: £83.05
Council Tax rates payable £1,569.00
Further Info
Tenure: Leasehold
Ground Rent review Period: N/A
Lease Length: 83 years
Council Tax Band: B £1569.00 pa
Energy Efficiency Rating – B.
Ad-hoc Viewings
Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Resales team on
Tel: Or email:
Eligibility
· You must be at least 18 years old
· You should live or work in the East Hertfordshire area.
· Outside of London your annual household income must be less than £80,000
· You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it
· You should not be able to afford to buy a home suitable for your housing needs on the open market.
· You must show you are not in mortgage or rent arrears
· You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
· You must be earning a household income of at least £40,135 per annum, with a minimum deposit of £6,600
