1 Bed Flat For Sale

This bright, modern, well-decorated one-bedroom apartment is now available in Stevenage through Shared Ownership.

The property on the third floor comprises an entrance hall, a spacious living room with an open-plan kitchen, one large bedroom, and a bathroom.

Outside is a private balcony, allocated off-street parking, and a shared garden area. Perfect for couples and singles.

Available for £71,750 for 35% share based on the marketing figure of £205,000.

Monthly rent - £367.74
Monthly Service Charge - £83.17
Total Monthly Charge - £450.91 plus mortgage required for 35% share.

An annual rent increase takes place every April

The property is located just outside the town centre of Stevenage, in a strategic travel area, about 1.5 miles away from the A1 motorway and the railway station. The train can travel to Kings Cross, in Central London, in about half an hour from there. Both public and road travel are very convenient from the property.

You can also reach the London Luton Airport in less than half an hour by car.

Stevenage is a town that's undergoing major regeneration projects, thanks to the £1bn funding. The surrounding area is now full of shops, pubs, and restaurants, with all local amenities available nearby and in the town centre.

There is also a large hospital close by and a few parks.

Stevenage also offers a wide range of schools for all levels.

With its convenient commuting location and all the services offered by the town, Stevenage makes it a perfect place to live.

Energy rating band - B
Environmental impact band - B

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.