1 bedroom apartment for sale
Liberty House, Bessemer Road, AL7 1FU
Share percentage 40%, full price £230,000, £4,600 Min Deposit.
Share percentage 40%, full price £230,000, £4,600 Min Deposit
Monthly Cost: £956
Rent £368,
Service charge £88,
Mortgage £500*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
A one bedroom ground floor apartment located in Welwyn Garden City available for sale through the Shared Ownership Scheme. This property comprises of open plan kitchen/dining/living room, one spacious, double bedroom and bathroom. Also includes allocated parking and communal grounds.
- Minimum income requirement - £31,509
- Buy more shares for a minimum of 10%
- Income requirement reduces if a higher deposit's available
Available for £92,000 for 40% share based on the marketing figure of £230,000.
Monthly rent - £367.86
Monthly Service Charge - £88.31
Total Monthly Charge - £456.17 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationWaitrose, Tesco express and Aldi are within a 5 minute walk. Multiple gyms available within walking distance, along with Welwyn Garden City town centre restaurants, shops and bars. Various great schools in the areas and kids park for Time Square residents. Excellent transport links in the area including various buses around Hertfordshire. Welwyn garden city train station is a 10 minute walk, with direct links into Kings Cross London. Close access to the A1, M1 and M25.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Years remaining on lease: 120
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 informationAll room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- One bedroom
- Ground floor
- Video entry system
- Concierge service
- Contemporary design
- Bike storage
- Visitor parking
- Allocated parking
- Communal gardens
- En-suite bathroom
Particulars
Tenure: Leasehold
Lease Length: 120 years
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 40%, full price £230,000, £4,600 Min Deposit. Calculated using a representative rate of 4.78%
