Summary - Kings Road, Stevenage, SG1 SG1 1AW
2 bed 1 bath Flat
Affordable entry near fast rail links and local amenities.
35% shared ownership available for £78,750 based on £225,000 valuation
A bright two-bedroom shared ownership apartment in central Stevenage, offered at a 35% share for £78,750. The flat has an open-plan living area with large windows and a balcony, two bedrooms, one bathroom and an allocated off-street parking space. It sits within an 11-minute walk of the railway station with trains to St Pancras in under 30 minutes and easy access to the A1.
The home is aimed at buyers looking for an affordable route onto the ladder or a buy-to-let investor seeking tenant demand from private-renting newcomers. Running costs should be considered: annual service charge is £2,380.80 (illustrated monthly at £198.40) and monthly rent on the unsold share is £418.53, giving an illustrative total monthly outgoings of about £616.93 plus mortgage payments.
Practical details to note: the property is electric-heated via room heaters and has an EPC rating of D. The lease has around 192 years remaining. The surrounding area offers good local amenities and schools; however, recorded local crime levels are very high, which may affect some buyers’ priorities.
This apartment offers a low-deposit shared ownership route into Stevenage with quick rail links to London and immediate rental/letting potential, balanced against above-average service charges, electric heating and the local crime profile. A solicitor and financial adviser should be consulted about mortgage suitability and shared ownership rules before proceeding.
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