2 bed Flat For Sale £77,000
Brookfield House, Selden Hill, Hemel Hempstead

Shared Ownership

This superb modern home is available to buy from as little as £77,000 with a 35% share!

Offered to the market with no onward chain is this bright and spacious two bedroom first floor apartment, situated moments away from the town centre.

Accommodation comprises entrance hall with storage cupboards, an open plan kitchen / living room, two good size bedrooms with built in wardrobes to bedroom one, family bathroom and a great sized, private balcony.

Hemel Hempstead with its Malls of Riverside and The Marlowes offers a full range of shopping facilities and other amenities. For the commuter the M1 and M25 are close at hand, whilst the mainline railway station offers a fast and frequent service to London Euston.

PRICING & AFFORDABILITY

Approximate Size: 602sq ft

Full Market Value: £220,000

35% Share Price: £77,000 (rent £700.16pcm)
Minimum 5% Mortgage Deposit (35% share): £3,850
Approximate Service Charges: £TBC pcm*
Shared Ownership Lease: approx. 104 years
Council Tax Band: D

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/£90,000.
• 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.

* This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.