1 bedroom apartment for sale
Available
Bessemer Road, Welwyn Garden City, AL7 1FU
£82,250 · Shared Ownership Resale

Share percentage 35%, full price £235,000, £4,113 Min Deposit.

Available
1 bedroom
£82,250 Shared Ownership Resale

Share percentage 35%, full price £235,000, £4,113 Min Deposit.

Monthly Cost: £864
Rent £390, Service charge £64, Mortgage £410*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Summary

A spacious and open plan apartment in a sought after new development in Welwyn Garden City

Description

Available for £82,250 for 35% share based on the marketing figure of £235,000.

SO Resi Monthly Payment - £390.22
Monthly Service Charge - £64.31
Total Monthly Charge - £454.53 PLUS MORTGAGE REQUIRED FOR 35% SHARE.

The property comprises a ground floor level one bedroom flat within a 5 storey block containing 92 units, converted circa 2017. The accommodation comprises as follows: living/kitchen area, bedroom area and bathroom. The property benefits from a private parking space.

Read more about our Covid-19 update:https://soresi.co.uk/covid-19-message-resales/

The approximate gross internal floor area of the property is in the order of 47.7m².

Bedroom
12'3 (3.73) x 9'8 (2.95)

Kitchen / Dining / Reception Room
19'2 (5.84) x 16'8 (5.08)
EPC rating
Energy Rating Band - E
Environmental Impact Band - E

Key Features

One double bedroom
Ground floor flat
Good condition
Double glazed
Private parking space
Floor to ceiling windows for lots of natural light
Security video phone entry system

Map
Crews Hill (9.23 miles) Hadley Wood (9.53 miles) Radlett (9.79 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£82,250
Shared Ownership Resale
Estimated Monthly Cost:£864
Rent £390
Service Charge £64
Mortgage £410

Share percentage 35%, full price £235,000, £4,113 Min Deposit. Calculated using a representative rate of 3.94%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.