Silva Boundary

3 bedroom homes in Barnes Wallis Way, St Albans, St Albans City and, AL2 3YB

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £115,500 for 35% share
Full price from £330,000
Min deposit from £5,775
Monthly rent from £492
Service charge from £89
Bedrooms 3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

DON'T MISS OUT - Last two bed apartment in this cutting edge collection in Bricket Wood.

Silva Boundary is a cutting edge collection of one, two and three bedroom homes available to move in now through Shared Ownership.

Set in a beautiful mature woodland setting, each home provides a blank canvas to get creative, with brand new fixtures and fittings and parking for each property.

Ideally positioned, Bricket Wood station is less than a 10 minute drive away and offers routes to a variety of destinations including central London. For those that need quick access, both the M1 & M25 are less than 10 minutes drive away.

These striking homes offer an abundance of amenities and yet enjoy a secluded setting. Bricket Wood has a range of shops and restaurants located on Oakwood Road and Bricket Wood Parade. Nearby shopping areas are Watford city Centre 5km away and St Albans city centre 4.5km away. The development is also conveniently close to a number of excellent schools including Mount Pleasant Lane and Cherry Tree Primary. 

Local area information

Set in a beautiful mature woodland setting, each home provides a blank canvas to get creative, with brand new fixtures and fittings and parking for each property.

Status Plot No. Floor Beds Min share price Eligibility
Available 86 First 2 £115,500 View details
Reserved 84 First 1 £96,250 View details
Reserved 89 Second 1 £96,250 View details
Reserved 82 First 2 £115,500 View details
Reserved 83 First 2 £115,500 View details
Reserved 85 First 2 £115,500 View details
Reserved 87 Second 2 £116,375 View details
Reserved 88 Second 2 £116,375 View details
Reserved 90 Second 2 £116,375 View details
Reserved 91 Second 2 £116,375 View details
Reserved 57 N/A 2 £140,000 View details
Reserved 63 N/A 2 £140,000 View details
Reserved 58 N/A 3 £150,000 View details
View More

FAQ's

Min share price from: £115,500 for a 35% share
Full price from: £330,000
Minimum deposit from: £5,775
Monthly rent from: £492
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £115,500 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Silva Boundary

3 bedroom homes in Barnes Wallis Way, St Albans, St Albans City and, AL2 3YB

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £115,500 for 35% share
Full price from £330,000
Min deposit from £5,775
Monthly rent from £492
Service charge from £89
Bedrooms 3
Bathrooms 1
Parking 2

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes