Summary - Giles Crescent, Stevenage, SG1e SG1 4FQ
1 bed 1 bath Flat
Affordable shared-ownership flat close to transport and town facilities.
1. 35% shared ownership available, purchase price £71,750 based on £205,000 valuation
2. Minimum 5% deposit required — lower upfront cost for buyers
3. Monthly total charge c. £459.37 (rent £370.46 + service charge £88.91)
4. Service charge c. £1,066.92 per year; annual rent increase every April
5. Private balcony and allocated off-street parking included
6. Lease length 117 years remaining — check mortgage implications
7. Approx. 500 sqft, one double bedroom, open-plan modern kitchen
8. Good commuter location; close to A1, rail links, and local amenities
Step into a bright, modern one-bedroom apartment on the first floor with a private balcony and allocated off-street parking. The open-plan living room and recently updated kitchen suit a comfortable urban lifestyle, while 500 sqft offers sensible space for singles or couples. Broadband and mobile signal are excellent, and local amenities and transport links are within easy reach.
This property is offered via Shared Ownership — a 35% share priced at £71,750 with a minimum 5% deposit. Monthly outgoings are c. £459.37 (rent £370.46 plus service charge £88.91) and rent increases annually each April. The lease has 117 years remaining; buyers should check mortgage eligibility against this term.
Practical considerations: there is an annual service charge (c. £1,066.92 pa) and ongoing rent on the unsold share. The block has mains gas heating with boiler and radiators. Stevenage’s strong commuter links and local regeneration make this a sensible entry point to the housing market, but buyers should budget for combined housing costs and future staircasing if increasing the share.
A good option for first-time buyers seeking affordable access to ownership close to transport links and town-centre facilities. Seek independent legal and financial advice to confirm suitability of the lease length, shared-ownership terms, and mortgage arrangements before committing.
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