1 bedroom apartment for sale
Liberty House, Bessemer Road, AL7 1FU
Share percentage 35%, full price £210,000, £3,675 Min Deposit.
Share percentage 35%, full price £210,000, £3,675 Min Deposit
Monthly Cost: £838
Rent £366,
Service charge £63,
Mortgage £409*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Modern one bedroom apartment in Welwyn Garden City available for Shared Ownership. The property comprises of entrance hall, spacious open plan living room, fitted kitchen with washing machine/dryer, fridge/ freezer, hob and oven, one double bedroom and bathroom. The property benefits from one parking space, visitor's parking and well-kept communal gardens.
- Minimum income requirement - £25,944
- Buy more shares for a minimum of 10%
- Income requirement reduces if a higher deposit's available
Available for £73,500 for 35% share based on the marketing figure of £210,000.
Monthly rent - £365.83
Monthly Service Charge - £62.86
Total Monthly Charge - £428.69 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is close to local amenities; Tesco's express a stone's throw away, 10 mins walk into town with an array of shops and restaurants, many schools within walking distance. The property is also within walking distance to the mainline station, serving Kings Cross. There is also easy access to A1, M25, M25, Luton, Heathrow and Stansted.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Sofa available if needed. Fridge, wardrobe and breakfast bar and stalls also included at extra cost.
Lease informationYears 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
- One bedroom
- Second floor
- Allocated parking space
- Good condition
- Double glazing
- Sound proof
- Very well insulated
- On site concierge
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 35%, full price £210,000, £3,675 Min Deposit. Calculated using a representative rate of 5.03%
