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    Cromdale Walk

    Ref: RS246786
    • Apartment
    • 1
    • 1

    Key features

    • Flat
    • Shared Garden
    • Reliable Broadband Connection
    • Local Shops and Amenities
    • Gas Central Heating
    • Allocated Parking

    About the property

    This modern one bedroom flat in the town of Stevenage, Hertfordshire. It is for sale through Shared Ownership with a 75% share. The property is in good condition and benefits from central heating, allocated parking and shared garden. Only a 5 minute walk to local shops and bus stop.

    A short walk to a OFSTED graded outstanding primary school You will find plenty of green space and parks.

    About Stevenage

    Stevenage, located in Hertfordshire, England, offers a diverse combination of historic charm and modern conveniences. This town’s unique character is shaped by its rich history as a designated New Town after World War II, designed to accommodate London residents who had lost their homes during the war.

    In terms of amenities and facilities, Stevenage is well-equipped. The bustling town centre offers a wide range of shops from big-name brands at the Westgate Shopping Centre to independent boutiques dotted throughout the Old Town region. A plethora of restaurants offer cuisines from around the world, ensuring every palate finds satisfaction in this cultural melting pot.

    For those enamoured with nature and outdoor activities, Stevenage does not disappoint. The Fairlands Valley Park spans 120 acres and features beautiful lakes where you can participate in various water sports or simply take a tranquil walk amidst greenery. It’s also home to rare species such as herons, making it an ideal spot for bird watching.

    Stevenage boasts excellent transport links as well. Its strategic location on the A1 motorway and its direct train route to London King’s Cross make it an attractive base for commuters into the city. Meanwhile, families appreciate the highly rated schools that serve area children of all ages.

    While offering all these conveniences of urban living, Stevenage has managed to retain touches of its historical roots. In fact, some buildings in the Old Town date back as far as the 16th Century! Overall, living in Stevenage presents an interesting blend of old-world charm and modern-day amenities – there is truly something for everyone here.

    Resale
    £131,250 75% share
    Est. monthly costs £939.52*
    • Monthly rent £100.26
    • Service charge £33.27
    • Mortgage £805.99
    • *Est. monthly costs: Including Mortgage calculated using a representative rate of 5.5%, Rent and required Service Charge. These values are to be used for research purposes only.

    Monthly Costs Calculator

    £75
    £5
    25 years
    5.5%
      Estimated monthly payment
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      Guinness Homes are not financial advisors, and this tool is to be used for research purposes only. Please contact a mortgage broker to discuss your finances.

      What is Shared Ownership?

      Learn more about how the Shared Ownership scheme works

      Read More A young female sat and using her laptop
      What is Shared Ownership?
      Shared Ownership is a way to buy your home if you otherwise couldn't afford to on the open market. You buy a share percentage of the home, which is usually 25-75%, pay a subsidised rent on the remaining share and pay a service charge. It's an ideal scheme for first-time buyers looking for a more affordable housing option to get on the property ladder. Click 'read more' to find out more about Shared Ownership.
      Am I eligible for Shared Ownership?
      To qualify for Shared Ownership, individuals must be over 18 years old and residents in the UK. There is a household income threshold. You must have a household income threshold of less than £80,000, but this increases to £90,000 if you buy a home in London.
      Can I buy more shares?
      Yes, you can buy more shares at a later date after you purchase your home. This is known as 'staircasing' and the amount your increase will depend on how much you can afford. Buying more shares will reduce future rent payments. Eventually you could own 100% of your home.
      How much deposit do I need?
      This depends on the full market value of the property and the size of the share you are purchasing, your mortgage lender and your credit rating. The benefit of Shared Ownership is that the deposit required will be significantly lower than if you were purchasing the property outright because you only need a deposit on the share you are buying. You should expect to have at least 5% deposit saved. Your mortgage advisor will tell you the exact amount of deposit you need. You can contact one of our panel of mortgage brokers to get a Mortgage in Principle.