Summary - TEALE HOUSE FLAT 16 COLTHURST GARDENS HODDESDON EN11 0GB
2 bed 1 bath Flat
Perfect starter home with station links and allocated parking.
- 70% shared ownership available or purchase 100% outright
- 99-year lease remaining
- Allocated off-street parking space
- 556 sq ft; two generously sized bedrooms
- Walking distance to Rye House BR station and shops
- Service charge approx £2,514pa (monthly £209.53)
- Area classed as deprived with above-average crime
- Annual rent increase applies for shared ownership
A practical two-bedroom second-floor flat in Teale House, offered either as 70% shared ownership or 100% outright. The apartment provides a bright living room, fitted kitchen, two well-proportioned bedrooms and a contemporary bathroom across about 556 sq ft. Allocated off-street parking and a 99-year lease add straightforward ownership benefits.
This home suits first-time buyers looking to step onto the ladder via shared ownership: the 70% share is priced at £157,500 (based on a £225,000 full value). Monthly costs for the 70% option are approximately £213.35 rent plus a £209.53 service charge (total ≈ £422.88), and an annual rent increase applies each April.
Location is a key asset — within walking distance of Rye House BR station, local buses, shops and Hoddesdon town centre, with easy A10 access for commuters. Nearby primary schools have strong ratings; local secondary provision is mixed. Be aware the area has above-average crime and is classified as deprived, which may concern some buyers.
Practical matters: the property has double glazing installed before 2002 and gas central heating via boiler and radiators. Service charge averages £2,514 per year. The flat is in generally good condition but would benefit from light redecoration to personalise. The 99-year lease is straightforward, but buyers should check lease terms and long-term service charge commitments before purchase.
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