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2 bedroom end of terrace house for sale

Lambert Way, Royston, Hertfordshire
Sold STC
End of terrace house
2 beds
1 bath
Added > 14 days

Key information

TenureLeasehold | unconfirmed share | 120 yrs left
Service charge£127.32 per annum
Council taxAsk agent
BroadbandUltra-fast 1800Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (120 years remaining)
  • Modern shared ownership home
  • Two double bedrooms
  • Living/dining room
  • Fitted kitchen
  • Downstairs WC
  • Private garden
  • Two parking spaces
Shared Ownership

This superb modern home is available to buy from as little as £210,000 with a 60% share!

An immaculately presented end of terrace home with two allocated parking spaces and a good size rear garden. The accommodation provides entrance hall, fully fitted kitchen, downstairs WC, spacious living/dining room, two double bedrooms and a family bathroom. This property was built in 2020 and benefits from the balance of a 125 year shared ownership lease.

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: £350,000

60% Share Price: £210,000 (rent £357.76 pcm)
Minimum 5% Mortgage Deposit (60% share): £10,500
Approximate Service Charges: £10.61pcm*
Shared Ownership Lease: approx. 120 years
Council Tax Band: C

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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property information from this agent

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About this agent

SOWN - National
SOWN - National
Crowthorne House, Nine Mile Ride Wokingham RG40 3GZ
023 8221 9179
Full profileProperty listings
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of
Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership,
which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham.
At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property servic... Show more
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