Two bedroom semi-detached home available in Lower Stondon for £5,900 deposit for a 40% share.
About The Area
Lower Stondon is a small village close to the Hertfordshire Border and has a population of approximately 2000. The village is part of the larger Stondon civil parish, with the name “Stondon” deriving from the Saxon word meaning Stone Hill. Lower Stondon is approximately 10 minutes from Hitchin Railway Station which has direct links to Stevenage, London, Cambridge and Peterborough and approximately 5 minutes from Arlesey Railway station.
About The Home
A two bedroom semi-detached home comprising of entrance hall giving access to the wc and open plan kitchen, living and dining space. The living space offers French doors opening onto the rear garden.
The first floor gives access to all rooms from the landing with bedroom 2 to the front of the house and bedroom 1 to the rear and family bathroom.
The dimensions are:
Living/Dining - 4.53m x 4.05m (14' 10" x 13' 3")
Kitchen - 3.08m x 1.85m (10' 1" x 6' 1")
Bedroom one - 4.05m x 2.80m (13' 3" x 9' 2")
Bedroom two - 4.05m x 3.42m (13' 3" x 11' 3")
Pricing and Affordability
The share options below are based on the full market value of £295,000
40% share (£118,000) Rent £405.63 pcm
50% share (£147,500) Rent £338.02 pcm
75% share (£221,250) Rent £169.01 pcm
Service Charge Information
Monthly service charge costs - to be confirmed.
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At Lower Stondon, you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%) When you're ready, you can buy more shares until you staircase owning 100% of your home.
Information about Sage Housing
Country Properties are selling the homes on Lower Stondon development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk