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Overview

This two bedroom, first floor apartment is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.

Properties

EPC= B86

Term remaining on lease: 116 years


Measurements

    • kitchen, lounger/diner
    • 7.39m x 4.22m
    • Bathroom
    • 1.78m x 1.78m
    • Bedroom 1
    • 4.19m x 3.15m
    • Bedroom 2
    • 4.11m x 3.38m
    • Private terrace
    • 6.71m x 3.96m

Full Market Price: £265,000
Minimum Share: 30%
Share Value: £79,500
Monthly Rent: £329.60
Service Charge PCM (including buildings insurance): £61.40
Total Monthly Charge: £391.00
Next rental increase: April 2021

Environmentally friendly ground source heat pump
Double glazing
Over-bath shower
Underground secure parking for two cars
Large private terrace
Fitted kitchen with dishwasher, washing machine, fridge freezer and stainless steel over, hob, extractor fan
Ability to own 100%

Location

10 Lancaster House, South Road, Saffron Walden, CB11 3GR

Specification

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 registered with your Help to Buy agent

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.

Prices & Availability

Floor
Balcony
Market Price
%Share - Type required percentage in box below
Share price
Rent(pcm)
Service Charge (PCM) including buildings insurance
Availability
Floorplan
1
Yes
265000
£NaN
£NaN
£61.40
Under Offer

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