Property photos
Shared ownership
Leasehold
£69,000
2 bed flat for sale
Admiral Drive, Stevenage SG12 beds
1 bath
Key Information
Tenure:
Leasehold (112 years)
Service charge:
£151 per month
Council tax band:
C
Ground rent:
£0
Ground rent date of next review:
Local area information
Property location
Nearby amenities
- Martins Wood Primary School 0.4 miles
- Round Diamond Primary School 0.5 miles
- Stevenage 2.3 miles
- Knebworth 4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Off street parking
- Central heating
- Double glazing
This first floor, two bedroom apartment is an ideal opportunity to get on to the property ladder with Hastoe. It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
EPC= C73
Term remaining on lease: 112 years
Property features:
Allocated parking space
Fitted kitchen
Double glazing
Over-bath shower
Open plan kitchen living room
Kitchen / Living Room: 6.75m x 3.45m
Bedroom 1: 4m x 3.42m
Bedroom 2: 4.62m x 2.90m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the Shared Ownership scheme.
Costs:
Full Market Price: £230,000
Minimum Share: 30%
Share Value: £69,000
Monthly Rent: £342.50
Service Charge pcm (including buildings insurance): £150.89
Total Monthly Charge: £493.39
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
EPC= C73
Term remaining on lease: 112 years
Property features:
Allocated parking space
Fitted kitchen
Double glazing
Over-bath shower
Open plan kitchen living room
Kitchen / Living Room: 6.75m x 3.45m
Bedroom 1: 4m x 3.42m
Bedroom 2: 4.62m x 2.90m
Purchase Requirements:
Be a first time buyer or not currently own a property.
Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property.
Be eligible for the Shared Ownership scheme.
Costs:
Full Market Price: £230,000
Minimum Share: 30%
Share Value: £69,000
Monthly Rent: £342.50
Service Charge pcm (including buildings insurance): £150.89
Total Monthly Charge: £493.39
Next rental increase: April 2024
Apply online via the Hastoe sales website
What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own. This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own
How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.
If you eventually own your home outright, you’ll no longer pay rent, but may continue to pay a service charge.
About Hastoe:
Hastoe owns and manages over 7,500 homes in 70 local authority areas. Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Hastoe Housing - Resale Properties
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Property descriptions and related information displayed on this page are marketing materials provided by - Hastoe Housing - Resale Properties. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hastoe Housing - Resale Properties for full details and further information.