Arnold Close
- **shared ownership 45% share**
- Shared ownership property available to staircase to 100% ownership on completion
- Modern open plan living space
- Fitted kitchen
- Two allocated parking spaces & long lease
- Excellent transport links
- Years remaining: 121 years
- Current ground rent: £0
- Ground rent review period: Contact branch
- Annual service charge: £1,786
- Ground rent increase: Contact branch
- Share sold: 45%
- Rent payable: £499 per month
Council Tax Band: C
Tenure: Leasehold
Shared Ownership:
The apartment comprises two generously sized double bedrooms and a contemporary family bathroom, all finished to a modern standard. Additional benefits include allocated parking to the front, a long lease, full double glazing, and central heating, ensuring comfort and practicality year-round. The property combines peaceful residential living with excellent transport links and local amenities.
This property is currently under shared ownership in conjunction with Sparrow who have criteria for any purchase, the advertised price is for the sellers 45% share. £499.47 per month is paid to the Housing Association as rent for the retained share. Service Charge is £1786.20 yearly and there is no Ground Rent. Please
contact Sparrow Housing Association for guidance on
purchase requirements.
in addition, Sparrow Housing Association have advised that they
would be prepared to staircase a transaction to 100% Freehold ownership. This would mean that any potential purchaser would
buy the vendor’s 45% share and the remaining 55% share from
Sparrow Housing Association providing a Freehold purchase on
completion. Your conveyancer will advise with regard to the
timescales involved.
-Accommodation Overview-
Agent Notes:
This property is currently under shared ownership in conjunction with Sparrow who have criteria for any purchase, the advertised price is for the sellers 45% share. £499.47 per month is paid to the Housing Association as rent for the retained share. Service Charge is £1786.20 yearly and there is no Ground Rent. Please contact Sparrow Housing Association for guidance on purchase requirements.in addition, Sparrow Housing Association have advised that they would be prepared to staircase a transaction to 100% Freehold ownership. This would mean that any potential purchaser would buy the vendor’s 45% share and the remaining 55% share from Sparrow Housing Association providing a Freehold purchase on completion. Your conveyancer will advise with regard to the timescales involved and you should satisfy yourself in regard to lending affordability.
Entrance Hall
Open Plan Lounge/Kitchen/Diner
18' 1" x 14' 5" ( 5.51m x 4.39m )Bedroom One
15' 1" max x 9' 5" max ( 4.60m max x 2.87m max )Bedroom Two
13' x 9' 6" ( 3.96m x 2.90m )Bathroom
-Exterior-
Parking:
Two allocated parking spaces available.Agent Note:
Please not there are restrictions on the lease to keep pets, running a business, sub-letting, keeping boats, caravans or mobile homes and holiday use. Please ask agent for any details.Utility supply:
- Electric Mains Supply
- Water Mains Supply
- Heating Gas Central
- Broadband FTTP
- Sewerage Mains Supply
Rights and restrictions:
- Private rights of way No
- Public rights of way No
- Listed property No
- Restrictions Yes
Risks:
- Flooded in last 5 years No
- Flood defences Ask agent
- Source of flood Ask agent
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Mortgage enquiry
HERTFORD
Hertfordshire
SG14 1ER
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**The 4.19% annual interest rate is based on the Connells Group average mortgage interest rate taken from this year YTD and is correct as at 17/03/2026.
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