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2 Bedroom Flat

Regents House, Frogmore Road, Hemel Hempstead, HP3

£ 136,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Less than 1 mile from Apsley train station
  • Set on the Grand Union Canal
  • Easy access to London
  • Allocated parking
  • Balcony or terrace

 

Property Description:

Everything you want, we've got a home for it! Whether you're looking to be close to the countryside for that outdoor space you've been dreaming of or to be near a town for the hustle and bustle of city life, we have apartments and houses available to suit your needs.

That's not all, reserve today and received unmissable incentives to help get you moving. Take 3 months off with our Rent Holiday* and receive a £1000 Love2shop voucher on completion**.

Also you can secure your dream home for £99' and we will give you £500 towards your legal fees'.

Shared Ownership

This property is available to buy from as little as £136,000 with a 40% share!

Apsley Quay is a collection of contemporary 1 and 2 bedroom apartments being offered via the Shared Ownership scheme and situated in Apsley, nearby to the thriving town of Hemel Hempstead. These apartments benefit from an idyllic setting alongside the Grand Union Canal and provide excellent commuter links.

Residents will enjoy an enviable apartment lifestyle just minutes from Apsley's high street, which offers a range of daily amenities; a pharmacy, hairdressers and dentist are all a short walk from home, complemented by a range of supermarkets and pubs. A larger range of shopping opportunities lie in Hemel Hempstead's town centre, a six-minute drive from home, as well as an eclectic selection of restaurants and cafés to enjoy.

From Apsley Quay, you can reach both St Albans and Watford in under 25 minutes by car. The development is also close to the M1 and M25 motorway, both around an eight-minute drive from home. For rail services, Apsley train station is a short walk away, offering a direct route to London Euston in under half an hour.

Specification for these shared ownership apartments includes:

' Zanussi stainless steel electric oven
' Zanussi ceramic hob
' White bathroom sanitary ware from Roca
' Heated chrome towel rail to bathroom
' Fully fitted flooring with carpet to living areas and vinyl to wet areas

This brand new apartment benefits from an open plan lounge/kitchen/diner with doors out to a private balcony. Also offering two bedrooms (master with en suite), bathroom and allocated parking.

PRICING & AFFORDABILITY

Approximate Size 71.39 sq m
Full Market Value: £340,000

40% Share Price: £136,000 (rent £467.50pcm)
50% Share Price: £170,000 (rent £389.58pcm)
75% Share Price: £255,000 (rent £194.79pcm)

Minimum 5% Mortgage Deposit (40% share): £6,800

Approximate Service Charges: £108.97 pcm*

ELIGIBILITY

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 on the share 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 Apsley Quay 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 to owning 100% of your home.

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

' Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
' 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are approximate and could be subject to change.

**The photos have been computer generated and are for information purposes only and may not represent a true likeness for the units being sold. They have been taken from similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes 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.

T&C's

Sage Housing terms and conditions apply.
*Rent Holiday ' Terms and conditions apply. No rent will be collected for the first 3-month period following the date of completion. Mortgage payments will be due on the purchased share, 3-month rent holiday applies to the unpurchased share.

**Love2shop Voucher ' Terms and conditions apply. Voucher will be provided to the customer on completion. 'Reservation fee ' Terms and conditions apply. Offer only valid on selected plots, other plots are available. 'Legal fees ' Terms and conditions apply.

The legal cost contribution will only be made if a recommended solicitor's is used. The purchase is subject to exchange of contracts up to 28 days after reservation. Legal completion must be by 30th July 2021. Please speak to a member of our Sales Team for more details.

 

Call the Shared Ownership branch on 02380 820 121