Shared Ownership
This superb modern home is available to buy from as little as £128,500with a 50% share!
Situated in a sought-after modern development, this well-presented apartment offers bright and spacious accommodation throughout.
The property welcomes you with an entrance hallway featuring two useful storage cupboards, providing excellent practical space. The generous open-plan kitchen, dining and living area forms the heart of the home, creating an ideal setting for both everyday living and entertaining. Double doors open directly onto a private balcony, allowing natural light to flood the room and providing an attractive outdoor space to relax and unwind.
The apartment further benefits from a well-proportioned double bedroom and a contemporary bathroom, both accessed from the central hallway.
Outside, there is allocated residents parking.
Conveniently located within easy reach of Hertford's town centre, mainline stations, local amenities and picturesque riverside walks, this attractive home combines modern living with an excellent location.
PRICING & AFFORDABILITY
Full Market Value: £257,000
50% Share Price: £128,500 (rent £352.01 pcm)
Minimum 5% Mortgage Deposit (% share): £6,425
Approximate Service Charges: £201.33 pcm*
Lease: 113 years
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.
** This home can also be purchased outright (100% of the value) which is £257,000 and a purchaser would not need to meet the eligibility criteria listed above.
