2 bedroom apartment for sale
Dakota House, Bessemer Road, AL7 1GJ
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Share percentage 40%, full price £335,000, £6,700 Min Deposit.
Monthly Cost: £1,429
Rent £547,
Service charge £118,
Mortgage £764*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
This bright, modern, well-decorated two-bedroom apartment is now available inWelwyn Garden City through Shared Ownership.
The property, on the first floor, comprises a spacious living room with an open-plan kitchen, two bedrooms, a bathroom (one en suite), a private balcony, and allocated parking spaces.
The property has close access to a park and playground area. This is ideal for couples and small families.
This property is available chain-free.
Available for £134,000 for 40% share based on the marketing figure of £335,000.
Monthly rent - £546.93
Monthly Service Charge - £117.59
Total Monthly Charge - £664.52 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located close to the centre of Welwyn Garden City and benefits from close proximity to all local amenities including schools, supermarkets, shops, and restaurants. The property is situated close to the A1(M) and the nearest train station, Welwyn Garden City, is only 0.5 miles away and offers a fast connection to London Kings Cross.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 80 m²
Living room & kitchen: 6.91 x 4.04m
Bedroom 1: 3.86 x 3.45 m
Bedroom 2: 3.86 x 3.25 m
Years remaining on lease: 119
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Available chain-free
- Private balcony
- Great transport links
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £335,000, £6,700 Min Deposit. Calculated using a representative rate of 5.26%
