An opportunity to acquire a shared ownership property - 50% share.
A spacious home situated on the newly constructed residential development of Stortford Fields, located on the North West corner of Bishop’s Stortford. Rainbird Road is well located within a short drive of Bishop’s Stortford town centre, a nearby Tesco, a doctors’ surgery and pharmacy as well as highly regarded primary schools.
Internally, the accommodation is arranged over two floors and in brief comprises; entrance hall with cloakroom, fitted kitchen with a range of base and eye level units, sitting/dining room with views and access over the garden. Stairs to the first floor access three bedrooms and a family bathroom.
Gardens to the rear are low maintenance, laid to lawn with decked entertainment area/outside bar all in fence surround. A side gate leads to the front of the property and allocated parking.
Agents Notes : Length of Lease 119 years Remaining. Monthly rent payable of approx £791 to Hightown Management Company and service charge of £58. • Additional equity can be purchased – e.g., the buyer could buy additional equity; for example: 60%, 70% or 75% share of the property. The buyer will need to apply for Shared Ownership and be eligible. • Alternatively, 100% of the property can be purchased @ £430,000 as freehold – the buyer will purchase both the vendor’s share and Hightown's remaining share.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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