Address Filbert Close, Hatfield, AL10 9SH

Number of Bedrooms 1, 2, 3 & 4 bedroom homes

Price From £126,000 for a 35% share (2-bedroom apartment)

Discover your quality Shared Ownership home today in Hatfield by reserving one of our contemporary properties off-plan. Part of a modern development by Abbey Developments, Havilland Park buyers can choose from several stunning two-bedroom apartments or a well specified four-bedroom house. All Shared Ownership homes come with modern kitchens, integrated appliances, fitted carpets, fitted wardrobe to master bedroom and electric vehicle charging points.

Hatfield is a picturesque town rich in character and history, offering a diverse range of amenities. Enjoy a vibrant lifestyle with numerous restaurants, cozy pubs, a wide range of shopping centres, and fantastic parks. Havilland Park presents the perfect setting for commuters, families, and first-time buyers, boasting excellent transport links directly to London too.

Conveniently situated, the development is just 1.3 miles southwest of the bustling town centre and 0.5 miles southwest of the local shops and amenities on Bishops Rise. Hatfield railway station is only 1.5 miles northeast, providing regular services to London Kings Cross and Moorgate in just 25 to 45 minutes. The A1(M) is a mere 0.7 miles away, and you can reach the M25 in under 10 minutes by car. Additionally, several bus routes serve the immediate area, ensuring great levels of connectivity.

Filbert Close Picture

Local Authority:

Welwyn Hatfield Borough Council

Housing Mix:

1, 2, and 3 bedroom homes for Social Rent

2 and 4 bedroom homes for Shared Ownership

Completion Date:

From September 2024

Key Features Filbert Close

Shared Ownership Sales

We currently have an exclusive collection of 4 x 2-bedroom apartments available for Shared Ownership.

Availability and Pricing
Plot
Open Market Price
Share Available
Share Price
% Rent on Unsold
Rent *PCM
Service Charge *PCM
Availability
Key information Documents (KID1)
8
£360,000
35%
£126,000
2.75%
£536.25
£87.79
AVAILABLE
KID1
9
£360,000
35%
£126,000
2.75%
£536.25
£87.79
AVAILABLE
KID1
10
£360,000
35%
£126,000
2.75%
£536.25
£87.79
AVAILABLE
KID1
11
£360,000
35%
£126,000
2.75%
£536.25
£87.79
AVAILABLE
KID1

*Correct at the time of advertising July 2024 
*PCM- per calendar month

 

Sales Agent

First Step Logo

To apply for Shared Ownership on this development please contact Claudia@firststep.ltd.

For more details, please click on the plan below.

 Filbert Close Apartment

Site Layout

Please note that, these properties are still being built therefore a viewing can’t be arranged & the properties are only available to be reserved off plan. Due to varying stages of construction, photographs may be of similar properties and are intended to give an idea of the finish of the properties being built

Filbert Close Site Layout

Shared Ownership FAQ's

What is Shared Ownership?

Shared Ownership is an alternative home ownership product for buyers who would like to purchase a property but can’t afford to buy on the open market. Shared Ownership costs are usually lower than other housing options for several reasons:

  • The rent is less than the rate charged on the open market and usually charged at 2.75% of the value of the rented share per annum.
  • With most new developments from 2024, buyers can start with as little as 10% if buying through the updated Shared Ownership model.
  • Depending on your financial circumstances, a buyer’s deposit will normally be 5-10% of the price of the share, not of the full market value of the whole property.
  • Stamp Duty Land Tax (SDLT or simply ‘Stamp Duty’) can generally be deferred until your share reaches 80%.

 

When I part-buy part-rent my home, what am I buying?

Shared Ownership allows you to buy a percentage of a property, paying a mortgage on the share you own and rent to First Garden Cities Homes on the remainder. You will be buying a leasehold house or apartment, and this will be either a new build or resale home.

Shared owners have the option to buy further shares in their home. This is a process known as ‘staircasing’ – and in most cases Shared Owners could staircase all the way to 100%. The price of buying further shares will be based on an independent valuation at the time that you purchase the further share. You can find out more about the process of buying additional shares in this staircasing guide.

 

Who is eligible for Shared Ownership?

There are several eligibility requirements that anyone wishing to buy a Shared Ownership home must meet. The general eligibility criteria for Shared Ownership is as follows:

  • Buyers must be at least 18 years old
  • Outside of London an annual household income must be less than £80,000
  • Shared Ownership purchasers are often first time buyers but if a buyer already owns another home then they must be in the process of selling it
  • Buyers should not be able to afford to buy a home suitable for the their housing needs on the open market
  • Buyers must show that they are not in mortgage or rent arrears
  • Buyers must be able to demonstrate that they have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home
  • Buyers should have savings or be able to easily access at least £4,000 to cover the costs of buying a home; this is a guideline figure and the actual amount may vary.
  • Buyers will also need access to the deposit amount required. For Shared Ownership, this will usually be 5-10% of the equity share you are buying but this will depend on the property and affordability

The location of the Shared Ownership home may also mean there are additional criteria points that need to be met before a buyer can be considered (e.g. rural homes).

 

How is Shared Ownership changing?

A new model for the sale of Shared Ownership properties was launched from April 2021 which means the following for buyers purchasing a home through Shared Ownership on most of our latest schemes:

  • The minimum initial share buyers are able to purchase has been lowered to 10%, compared to the current 25%
  • The introduction of a 10-year repairs and maintenance warranty
  • The introduction of longer leases on new build homes
  • Buyers will be able to buy additional shares (also known as ‘staircasing’) in 1% increments, compared to the current 10%
  • There will be shorter nomination periods for shared owners who are looking to sell their home