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E02-030 Riverwell

Shared ownership

Flat 78 Batchworth House, Watford, WD18 0LF

For salenew home
Plot  gallery image
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2 bedroom flat

Wonderful 2 bedroom apartment in the Riverwell by Bellway development. The price advertised represents purchasing a 45% share of the home.

 

About the Development

 

This is a brand new development of 1 & 2 bedroom shared ownership apartments situated within Watford’s largest and most exciting regeneration areas, Watford Riverwell.

This is an exciting opportunity to own a home as the development will form part of a whole new riverside neighbourhood and is set to include a range of new retail and leisure facilities including a new Primary School, flexible work space areas, a community centre and not forgetting the 4.5 acres of breath-taking open …

Features

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£166,500

with min. deposit

£8,325

45% Share from
£166,500
Full market price
£370,000
Minimum deposit
£8,325
Monthly rent
£466
Monthly service charge
£85
Sage Housing

Sage Housing

Brochures

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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