Summary - Chilton House, Giles Crescent, Stevenage, SG1 SG1 4FQ
1 bed 1 bath Flat
Contemporary open-plan one-bedroom with private balcony
35% Shared Ownership share price £71,750; mortgage required
Total monthly cost £450.91 (rent £367.74 + service charge £83.17)
Annual rent increase applied each April
Allocated off-street parking and communal garden
118 years remaining on lease — check mortgageability and resale
EPC rating B; mains gas central heating, boiler and radiators
Close to Stevenage station, A1 and Luton Airport for commuters
A bright third-floor one-bedroom apartment offered via Shared Ownership, ideal for first-time buyers seeking an affordable entry into Stevenage. The open-plan living area with integrated kitchen leads to a private balcony that brings in natural light; the property is presented in contemporary neutral decor and benefits from an EPC B rating.
Practical features include allocated off-street parking, communal garden access, and mains gas central heating with boiler and radiators. The 35% share price equates to £71,750 (based on a £205,000 valuation) with monthly charges of £367.74 rent and £83.17 service charge (total £450.91), and a planned annual rent increase every April — a key ongoing cost to budget for.
The flat sits about 1.5 miles from Stevenage rail station and the A1, making London and Luton Airport easily reachable for commuters. Local amenities, shops, pubs and parks are nearby and the town is undergoing significant regeneration investment, which supports longer-term area demand.
Considerations: the property is leasehold and sold as Shared Ownership, so purchasers will need a mortgage for the 35% share and should check eligibility. The lease has 118 years remaining — generally acceptable but buyers should confirm mortgage availability and resale implications with their solicitor. Local primary schools are a mix of Good-rated and one Inadequate-rated school; validate school preferences if important.
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