2 bedroom apartment for sale
Bessemer Road, Welwyn Garden City, AL7 1GS
Share percentage 25%, full price £325,000, £4,063 Min Deposit.
Share percentage 25%, full price £325,000, £4,063 Min Deposit
Monthly Cost: £1,304
Rent £711,
Service charge £152,
Mortgage £441*
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
Bright and modern two bedroom apartment available in Welwyn Garden City, through Shared Ownership.
The property features an open plan living room and kitchen, two bedrooms, and two bathrooms.
The property is located on the first floor of a recently constructed building (Circa 2020), offering residents with an allocated parking space.
Available for £81,250 for 25% share based on the marketing figure of £325,000.
Monthly rent - £710.65
Monthly Service Charge - £152.38
Total Monthly Charge - £863.03 plus mortgage required for 25% 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 16 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 is 10 minutes away, making road travel convenient. Welwyn Garden City is a recently developed area with several shops, pubs and restaurants and other local amenities.
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.
With its convenient commuting location and nearby services, Welwyn Garden City is a fantastic place to live.
EPC ratingEnergy rating band - D
Environmental rating band - D
Lease informationYears remaining on lease: 118
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.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Two bedroom apartment
- Allocated parking space
- Local amenities nearby
- Great transport links
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: Not specified
Property Downloads
Key Information Document 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 25%, full price £325,000, £4,063 Min Deposit. Calculated using a representative rate of 4.78%
