1 bedroom apartment for sale

Available

Holland Court, Allerthorp Road, Bishop's Stortford, CM23 1EZ

£122,500 Shared Ownership Resale

Share percentage 50%, full price £245,000, £12,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£122,500 Shared Ownership Resale

Share percentage 50%, full price £245,000

Monthly Cost: £1,041

Rent £357, Service charge £76, Mortgage £608*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A generously-proportioned flat on the first floor of this modern building. The property has a twenty-three-foot reception room with a south-west-facing Juliette balcony plus a pair of south-east-facing windows. The spacious, open-plan kitchen area features sleek, cream-coloured units and most of the appliances are either partially or fully integrated. There is a good-sized bedroom, an attractive bathroom and a built-in storage/utility cupboard has been provided in the entrance hallway. Well insulated walls, high performance glazing and gas central heating make for a very good energy-efficiency rating. The flat comes with use of a parking space and the nearby A120 connects to the M11 as well as to some of the regions other major roads. Alternatively, Bishop's Stortford town centre/railway station can be easily reached via bike or local bus.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £245,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/a282hmvc]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 25/03/2019).
Minimum Share: 50% (£122,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £357.43 per month (subject to annual review).
Service Charge: £75.57 per month (subject to annual review).
Ground Rent: £100.00 for the year.
Guideline Minimum Income: Dual - £33,100 | Single - £39,400 (based on minimum share and 10% deposit).
Council Tax: Band B, East Hertfordshire District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit 12,250
  • Guide Min Income Dual £33.1k | Single £39.4k
  • First Floor with Juliette Balcony
  • Approx. 571 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Open Plan Kitchen
  • Very Good Energy Efficiency Rating
  • Parking Space
Particulars

Tenure: Leasehold
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£122,500
Shared Ownership Resale
Estimated Monthly Cost:£1,041
Rent £357
Service £76
Mortgage £608

Share percentage 50%, full price £245,000, £12,250 Min Deposit. Calculated using a representative rate of 4.42%

Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.