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£192,500
This superb modern home is available to buy from as little as £192,500 with a 55% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
Introducing a beautifully presented two-bedroom duplex apartment located in the sought-after area of Welwyn Garden City, offering over 800 sq ft of stylish living space arranged across two floors and featuring a stunning private roof balcony. The first floor boasts a generous open-plan kitchen, dining, and reception area stretching over 26ft in length, providing an ideal setting for modern living and entertaining, along with a convenient WC. Upstairs, you’ll find two well-proportioned double bedrooms, including a spacious principal bedroom and a second bedroom with excellent natural light, as well as a contemporary family bathroom.
Situated in an exceptionally convenient location, the property benefits from easy access to Welwyn Garden City town centre, a wide range of shops, cafés and restaurants, the Howard Centre, and beautiful green spaces including Stanborough Park. Commuters will appreciate the brilliant transport connections, with Welwyn Garden City station offering fast and frequent rail services into London, along with nearby bus links and quick road access to the A1(M) and surrounding areas. This unique home combines modern comfort, generous space, and a fantastic location in a vibrant Hertfordshire setting.
PRICING & AFFORDABILITY
Full Market Value: £350,000
55% Share Price: £192,500 (rent £435.83pcm)
Minimum 5% Mortgage Deposit (55% share): £9625
Approximate Service Charges: £152.38pcm*
Lease: 105 Years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership