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SUMMARY
AVAILABLE FOR SHARED OWNERSHIP. SHOW HOME NOW OPEN THURSDAY - MONDAY, 10am - 5pm. FOR SALE ONE AND TWO BEDROOM APARTMENTS. ALL PROPERTIES READY TO MOVE INTO NOW.


DESCRIPTION
Tomorrow's Garden City is a revolutionary new development by Rowan Homes, with beautifully-styled properties in an outstanding local environment. Situated on the north-eastern edge of Letchworth, the development features an individual collection of 1 & 2 bedroom apartments available as shared ownership.

Please note - all internal photos are from the the showhome.

Rowan Homes 
Rowan Homes prides itself on delivering modern homes using progressive designs that capture practicality and comfort. The locations of Rowan Homes' projects are handpicked by a dedicated development team; all are situated exclusively within locations throughout Hertfordshire and Bedfordshire. Rowan Homes is a socially-driven company, creating prospering communities that people are proud to live in, designed in such a way that they are sustainable in the future.

Kitchen/ Living / Dining 16' 2" x 23' 4" ( 4.93m x 7.11m )
Double glazed windows to rear aspect,

Bedroom 1 12' x 10' 10" ( 3.66m x 3.30m )
Double glazed window to rear aspect.

Bathroom 7' 3" x 6' 4" ( 2.21m x 1.93m )
Double glazed window to front aspect, Bath, wash hand basin and low level WC.

How Does It Work? 
You buy a share of a new home (minimum of 25%, maximum of 75%), and pay rent on the remaining share. You are expected to purchase the maximum share you can afford. This will be determined by your income and the savings that you need for your deposit. The share you purchase will need to be funded by a mortgage, which you will need to arrange with a bank or building society. An independent financial advisor will be able to advise you on which mortgage is best for you and how much you should expect to pay. Rowan Homes can provide you with a list of independent financial advisors on request. Rents are subject to an annual rent review and will increase in line with any proportionate increases in the retail price index (RPI).

Maintenance Of My Home? 
If you live in a house, you are responsible for the maintenance to your home.
If you live in a flat, you are responsible for the maintenance inside your home. You will be responsible for a share of any repairs and maintenance outside your home and this will be charged to you through a service charge. Your responsibilities will be fully explained in your shared ownership lease. Your solicitor should explain this in detail with you before you buy.


Buying More Shares 
In most cases you can buy further shares in your home until you eventually own the property outright. This is known as 'staircasing'. When you are in a position to staircase, you will need to let us know your intentions to do so. The price of the additional share is based on the full open market value of the property at the time of purchasing. Of course, you are under no obligation to buy further shares and can remain as a shared owner, paying rent and mortgage on a long-term basis. If you decide to buy the property outright, no rent will be payable. If the property is a house, you will be able to obtain the freehold from us.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.