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2 Bedroom Flat

Dower House, Redland Way, Bricket Wood, AL2

£ 154,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Open plan lounge/kitchen/diner
  • Two double bedrooms
  • Parking
  • Easy access to St Albans
  • Excellent transport links

 

Property Description:

Make your move and choose apartment living! Finding a space of your own is within reach with our new Shared Ownership apartments. If you reserve one of these new homes you will receive all these amazing incentives!

- 3 Months Rent Free^
- £1000 Love2shop voucher on completion^^
- Reserve for £99'
- £500 towards legal fee's'

Shared Ownership

This brand new home is available to buy from as little as £154,000 with a 40% share!

Hanstead Park is a fabulous new development, perfectly placed within the thriving Hertfordshire village of Bricket Wood, close to excellent transport links and with easy access to Watford, St Albans and London. It also benefits from a range of local amenities, including nursery and primary schools, shops, post office, medical centre and dental practice. Further to this, a couple of great local pubs, a community centre and a social club, plus a host of church and community activities add to the vibrancy of the village.

Being located just four miles from the centre of St Albans and five miles from Watford opens up an immense range of opportunities for shopping, leisure and entertainment. What's more, the woodland, wildlife and green open spaces all around, provide a wonderful landscape for a range of outdoor activities. Commuters will also find superb transport links, with both the M25 and M1 nearby, while Bricket Wood train station is within walking distance, from where trains to London Euston take 35 minutes via Watford Junction.

This brand new apartment benefits from a fabulous open plan lounge/kitchen/diner, two spacious double bedrooms, a bathroom and one allocated parking space.

PRICING & AFFORDABILITY

Approximate Size 760 sq ft

Full Market Value: £385,000

25% Share Price: £96,250 (rent £661.72pcm)
40% Share Price: £154,000 (rent £529.38pcm)
50% Share Price: £192,500 (rent £441.15pcm)
75% Share Price: £288,750 (rent £220.57pcm)

Minimum 5% Mortgage Deposit (25% share): £4,813

Approximate Service Charges: £90.32 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 Hanstead Park 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 estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or 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 Free ' 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. Please speak to a member of our Sales Team for more details.

 

Call the Shared Ownership branch on 02380 820 121