Mead Lane
- **shared ownership 45% share**
- A well presented one double bedroom second floor apartment
- Open plan lounge / kitchen area
- Allocated parking space
- Moments walk to hertford east train station & ideal location for hertford town
- Close to hartham common & beautiful countryside walks
- Years remaining: 114 years
- Current ground rent: £0
- Ground rent review period: Contact branch
- Annual service charge: £2,746
- Ground rent increase: Contact branch
- Share sold: 45%
- Rent payable: £532 per month
Council Tax Band: C
Tenure: Leasehold
Shared Ownership:
Additional benefits include double glazing, gas central heating, allocated parking and a long lease, making this an ideal first-time purchase, investment opportunity or convenient commuter home.
This property is currently under shared ownership in conjunction with Sovereign Network Group (SNG) who have criteria for any purchase, the advertised price is for the sellers 45% share. £531.70 per month is paid to the Housing Association as rent for the retained share. Service Charge is £228.85 per month and there is no Ground Rent. Please
contact Sovereign Network Group Housing Association for guidance on
purchase requirements & eligibility.
-Accommodation Overview-
Entrance Hall
Open Plan Living / Kitchen
21' 9" x 11' 4" ( 6.63m x 3.45m )Kitchen
Bedroom One
13' 3" x 10' 10" including wardrobes ( 4.04m x 3.30m including wardrobes )Bathroom
-Exterior-
Parking:
Allocated parking space.Agent Note:
In addition, Sovereign Network Group 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 Sovereign Network Group 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.There are associated leases to this property. Your conveyancers can take the necessary steps and advise you accordingly. Please note there is restrictions on sub-letting, keeping boats, caravans or mobile homes and holiday home use.
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 Yes
- Listed property No
- Restrictions Yes
Risks:
- Flooded in last 5 years No
- Flood defences Ask agent
- Source of flood Ask agent
Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
HERTFORD
Hertfordshire
SG14 1ER
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**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.
Any fees payable will be explained in your initial no-obligation appointment, before you choose whether to use our Mortgage Services.