Shared Ownership

This superb modern home is available to buy from as little as £190,000 with a 40% share!

Offered to the market is this well-presented three-bedroom semi-detached house in the popular Symonds Green area of Stevenage. The property features three bedrooms, including a master with en suite, a family bathroom, downstairs WC, a spacious living and dining room, modern kitchen, driveway parking, and a private rear garden.

Located just under a mile from Stevenage railway station, the area offers excellent transport links with regular services to London King’s Cross and Cambridge, as well as easy access to the A1. Stevenage town centre is nearby, providing a wide range of shops, supermarkets, restaurants, and the Westgate Shopping Centre. Local amenities include schools, leisure centres, and everyday essentials.

PRICING & AFFORDABILITY

Full Market Value: £475,000

40% Share Price: £190,000 (rent £691.79pcm)
Minimum 5% Mortgage Deposit (40% share): £9500
Approximate Service Charges: £24.03pcm*
Council Tax Band: D
Lease: 119 years

ELIGIBILITY

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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*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.

** This home can also be purchased outright (100% of the value) which is £475,000 and a purchaser would not need to meet the eligibility criteria listed above.

Service Charge: 288.36.