2 bedroom apartment for sale
Waldorf House, Bessemer Road, AL7 1GH
Share percentage 45%, full price £340,000, £7,650 Min Deposit.
Share percentage 45%, full price £340,000, £7,650 Min Deposit
Monthly Cost: £1,546
Rent £560,
Service charge £155,
Mortgage £831*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Modern, bright & spacious two-bedroom apartment now available in Welwyn Garden City through Shared Ownership.
The property comprises a wide living room with a private balcony, an open-plan fitted kitchen, and two large bedrooms, one of them being ensuite. This could be ideal for a small family or a couple.
The flat is on the third floor of a newly built construction (circa 2019); it has allocated parking space and a shared garden area.
Available for £153,000 for 45% share based on the marketing figure of £340,000.
Monthly rent - £560.44
Monthly Service Charge - £155.30
Total Monthly Charge - £715.74 plus mortgage required for 45% share.
An annual rent increase takes place every April
LocationThe property is located just outside Welwyn Garden City's town centre, in a new developmental area, and less than 10 minutes away walking from the railway station. The train travels to Kings Cross, in Central London, in less than an hour.
The close A1 motorway, just 5 minutes away, also makes road travel convenient.
Welwyn Garden City is a recently developed area with several shops, pubs and restaurants, with all local amenities nearby. The town is famous for its long garden on the main road, which is beautiful especially in spring and summer.
Many schools of all levels can be found nearby, several within walking distance.
Lease informationYears 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
- Private balcony
- Modern building (2019)
- Allocated parking
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 45%, full price £340,000, £7,650 Min Deposit. Calculated using a representative rate of 4.78%
