Flat for sale in Admiral Drive, Stevenage SG1
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Utilities and more details
Property features
- Off street parking
- Central heating
- Double glazing
Property description
EPC= C73
Term remaining on lease: 112 years
Property features:
Allocated parking space
Fitted kitchen
Double glazing
Over-bath shower
Open plan kitchen living room
Kitchen / Living Room: 6.75m x 3.45m
Bedroom 1: 4m x 3.42m
Bedroom 2: 4.62m x 2.90m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the Shared Ownership scheme.
Costs:
Full Market Price: £230,000
Minimum Share: 30%
Share Value: £69,000
Monthly Rent: £342.50
Service Charge pcm (including buildings insurance): £150.89
Total Monthly Charge: £493.39
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
Property info
For more information about this property, please contact
Hastoe Housing - Resale Properties, KT1 on +44 20 7768 1214 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hastoe Housing - Resale Properties, and do not constitute property particulars. Please contact Hastoe Housing - Resale Properties for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.