Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £128,500 with a 50% share!<br/><br/>Situated in a sought-after modern development, this well-presented apartment offers bright and spacious accommodation throughout.<br/><br/>The property welcomes you with an entrance hallway featuring two useful storage cupboards, providing excellent practical space. The generous open-plan kitchen, dining and living area forms the heart of the home, creating an ideal setting for both everyday living and entertaining. Double doors open directly onto a private balcony, allowing natural light to flood the room and providing an attractive outdoor space to relax and unwind.<br/><br/>The apartment further benefits from a well-proportioned double bedroom and a contemporary bathroom, both accessed from the central hallway.<br/><br/>Outside, there is allocated residents parking.<br/><br/>Conveniently located within easy reach of Hertford's town centre, mainline stations, local amenities and picturesque riverside walks, this attractive home combines modern living with an excellent location.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £257,000<br/><br/>50% Share Price: £128,500 (rent £352.01 pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £6,425<br/>Approximate Service Charges: £201.33 pcm* <br/>Lease: 113 years<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/>