1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (121 years remaining)
- Modern shared ownership home
- Second floor
- Large double bedroom
- Modern bathroom
- Open plan kitchen/living room
- Parking
- Long lease
- No onward chain
This superb modern home is available to buy from as little as £129,000 with a 60% share!
A two bedroom second floor apartment with this purpose built block built in 2020. The property is immaculately presented and the accommodation comprises of an entrance hall with storage, large double bedroom, modern bathroom and a bright and spacious open plan kitchen/living room. Outside there is an allocated parking space and the property benefits from a long lease at 121 years.
Living in Royston offers several benefits, making it an attractive place for both families and professionals. Royston is well-positioned for easy access to major cities. It's just a short drive to London (about 45 minutes), Cambridge (about 30 minutes), and other towns in Hertfordshire and Bedfordshire. The town also benefits from excellent transport links, including a mainline railway station with direct services to London King's Cross, which makes commuting convenient. Royston has a good selection of local shops, restaurants, cafes, and other amenities. While it’s a small town, it offers plenty of conveniences for everyday living.
PRICING & AFFORDABILITY
Full Market Value: £215,000
60% Share Price: £129,000 (rent £232.82pcm)
Minimum 5% Mortgage Deposit (50% share): £6,450
Approximate Service Charges: £90.18pcm*
Shared Ownership Lease: approx. 121 years
Council Tax Band: B
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 £215,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Property reference SDO240843. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on September 11, 2024
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on September 11, 2024
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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