Austen Way, St Albans, Hertfordshire

Shared Ownership

This two bedroom brand new apartment is available for sale on a part-buy, part-rent basis at £277,500 for a 75% share.

The accommodation includes allocated parking and comprises: entrance hall, lounge/dining room with a ‘London-style’ open plan fitted kitchen, two bedrooms and a bathroom.

Some of the specification included as standard with these homes are: Integrated oven, hob and extractor hood, ‘Regency’ carpet in living area and bedrooms, premium vinyl in kitchen, bathroom and WC and Ideal Logic Code Combi boiler.

The homes in Beaumont School are ideal for those looking for access to central London as well as open countryside to explore. They are located between the A1, M1 and M25, with local rail links allowing access to central London in approximately 40 minutes.

There are a range of primary and secondary school located on your doorstep, as well as multiple local shops, parks and amenities to keep you busy!

Full Market Value - £370,000

40% Share Price: £148,000 (Rent £508.75pcm)
50% Share Price: £185,000 (Rent £423.96pcm)
75% Share Price: £277,500 (Rent £211.98pcm)

Min 5% Mortgage Deposit (40% share): £7,400

Service Charge - £79.62pcm

*Service charges and rent will vary depending on the unit, please enquire.

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.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance 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.