2 bedroom apartment for sale
Hudson House, Bessemer Road, AL7 1GT
Share percentage 30%, full price £335,000, £5,025 Min Deposit.
Share percentage 30%, full price £335,000, £5,025 Min Deposit.
Monthly Cost: £1,362
Rent £624,
Service charge £165,
Mortgage £573*
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
Modern, bright & spacious two-bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
On the second floor, the property comprises a wide living room with a private balcony, an open-plan fitted kitchen, and two large bedrooms. Built circa. 2021, constructed 5-storey block with 38 flats. The building has a lift service on all floors.
The flat has an allocated off-street parking space. Perfect for couples and small families.
Available for £100,500 for 30% share based on the marketing figure of £335,000.
Monthly rent - £624.13
Monthly Service Charge - £164.61
Total Monthly Charge - £788.74 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe flat is situated close to the centre of Welwyn Garden City and benefits fromproximity to the A1(M). There are eight schools within 1 mile. The nearest train stations areWelwyn Garden City (0.5 miles), Welwyn North (1.7 miles) & Hatfield (2.6 miles).
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 70 m²
Living room & kitchen: 7.79 x 3.61 m
Bedroom 1: 4.67 x 2.41 m
Bedroom 2: 3.48 x 2.90 m
Balcony: 3.84 x 1.57 m
Years remaining on lease: 122
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
- Allocated off-street parking
- Private balcony
- Great travel links
- 30% Share minimum
- 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 30%, full price £335,000, £5,025 Min Deposit. Calculated using a representative rate of 5.26%