Shared Ownership
This superb modern home is available to buy from as little as £127,500 with a 30% share!
A well-presented two-bedroom home, offering a practical layout, private outdoor space, and the benefit of off-street parking. The ground floor features a welcoming reception room with a pleasant outlook over the rear garden, providing an ideal space for both relaxing and entertaining. The fitted kitchen is positioned to the front of the property and offers ample storage and worktop space, complemented by a convenient ground floor cloakroom. Upstairs, the property offers two well-proportioned bedrooms, both served by a family bathroom. The layout is well suited to first-time buyers, downsizers, or investors seeking a low-maintenance home in a convenient location.
Externally, the property enjoys a private rear garden with a useful shed for additional storage, while private parking is located to the front. The home is situated within easy reach of local amenities, green spaces, and transport links, making it an excellent choice for commuters and families alike. PLEASE NOTE A LOCAL AREA CONNECTION TO BROXBOURNE BOROUGH IS REQUIRED
Halfmoat Manor is a well-established residential development located in the heart of Cheshunt, offering a convenient balance of suburban living and excellent connectivity. The area benefits from a wide range of local amenities including supermarkets, independent shops, cafés, and restaurants, all within easy reach, along with nearby leisure facilities and open green spaces such as Cedars Park and the Lee Valley Regional Park. Cheshunt railway station provides direct services into London Liverpool Street, making it ideal for commuters, while excellent road links via the A10 and M25 offer straightforward access to surrounding towns and London. Reputable local schools are also close by, further enhancing the appeal for families.
PRICING & AFFORDABILITY
Full Market Value: £425,000
30% Share Price: £127,500 (rent £774.01 pcm)
Minimum 5% Mortgage Deposit (% share): £6,375
Approximate Service Charges: £30.90 pcm*
Lease: approximately 995 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 £425,000 and a purchaser would not need to meet the eligibility criteria listed above.
