Lancaster House, Frogmore Road, Hemel Hempstead, HP3
- 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
This property is available to buy from as little as £138,000 with a 40% share!
Apsley Quay is a collection of contemporary 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 ensuite), bathroom and allocated parking.
PRICING & AFFORDABILITY
Approximate Size 71.53 sq m
Full Market Value: £345,000
40% Share Price: £138,000 (rent £474.38pcm)
50% Share Price: £172,500 (rent £395.31pcm)
75% Share Price: £258,750 (rent £197.66pcm)
Minimum 5% Mortgage Deposit (40% share): £6,900
Approximate Service Charges: £TBC pcm*
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.
**These photos 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.