Shared Ownership
This superb modern home is available to buy from as little as £159,000 with a 60% share!
Situated on the second floor, this well-presented two-bedroom apartment offers bright and well-proportioned accommodation, ideal for modern living. The property comprises a spacious reception room, a separate fitted kitchen, two comfortable bedrooms, a contemporary bathroom and useful built-in storage. Finished to a good standard throughout, the apartment provides a practical and inviting layout in a desirable residential setting.
Ideally located in the historic market town of Hertford, the property is within easy reach of a wide range of independent shops, cafés, restaurants and leisure facilities, as well as the picturesque River Lea and Hartham Common. Hertford offers an excellent blend of town centre convenience and green open spaces, making it a highly sought-after location.
For commuters, Hertford East and Hertford North railway stations provide direct services to London Liverpool Street and London King's Cross/Moorgate respectively. The nearby A10 and A414 also offer excellent road links to the M25, Stevenage and surrounding areas, making this an ideal location for commuters.
PRICING & AFFORDABILITY
Full Market Value: £265,000
60% Share Price: £159,000 (rent £214.64pcm)
Minimum 5% Mortgage Deposit (60% share): £7,950
Approximate Service Charges: £154.57pcm*
Lease: 107 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/£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.
