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 and based on a mortgage APR of 3.99% over 25 years. Minimum 5% deposit shown. An independent financial adviser will help guide you through the process.
** 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.
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
Minimum income requirement - £22,722
London properties - Incomes required are based on the following assumptions: Deposit 5%, mortgage interest rate 2.99% & mortgage term 25 years. Income required will be reduced if you have a higher deposit available.
Buy more shares for a minimum of 10%
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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