2 bed flat for sale

Brunel Drive, Bishop's Stortford, Hertfordshire CM23

Shared Ownership

This superb modern home is available to buy from as little as £87,500 with a 25% share!

Located in the popular Bishop's Stortford area, this spacious two-bedroom second-floor apartment offers modern living within easy reach of local amenities and excellent transport links.

The property features a bright open plan living and kitchen area, perfect for relaxing or entertaining, with doors leading to a private balcony. There are two inviting bedrooms, including a main bedroom with en-suite, along with a separate family bathroom.

Further benefits include designated parking, secure entry, and close proximity to shops, cafes, green spaces, and schools. Bishop's Stortford train station is nearby, providing direct links into London Liverpool Street, making commuting easy. This apartment is perfect for anyone looking for comfortable, modern living in a well-connected and desirable location.
Pricing & affordability


Full Market Value: £350,000

25% Share Price: £87,500 (rent £657.82pcm)
Minimum 5% Mortgage Deposit (25% share): £4375
Approximate Service Charges: £139.60pcm*
Lease: 122 Years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £350,000 and a purchaser would not need to meet the eligibility criteria listed above.