Full price: £180,000 The full value of the property
Share value: 35% - £63,000
Estimated monthly cost*: £724
Estimated Monthly Mortgage*: £316
SO Resi Monthly Payment: £276.75 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £131.09 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 195
A stunning one bedroom apartment located on the first floor of East Terrace which is a development of modern apartments located a short walk from Stevenage train station and town centre. Built in 2016 this modern apartment comprises entrance hall, open plan living space with modern fitted kitchen, double bedroom, modern bathroom suite, communal gardens, security entry phone system and lift access.
- Minimum income requirement £22,722
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
One bedroom apartment tour
A one bedroom first floor apartment located in Stevenage available through the Shared Ownership Scheme. Available for £63,000 for 35% share based on the marketing figure of £180,000.
SO Resi Monthly Payment - £276.75
Monthly Service Charge - £131.09
Total Monthly Charge - £407.84 PLUS MORTGAGE REQUIRED FOR 35% SHARE
Hall, living room/kitchen, bathroom/wc and one bedroom.
Energy Rating Band - D
Environmental Impact Band - D
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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