Share Price £122,500 (from 35% Min. Share)

Full Value £350,000 | £6,125 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Hertfordshire - Hertfordshire

place Empire House,, Bessemer Road, AL7 1FY

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Two bedroom duplex apartment with terrace available for shared ownership


Description

Available for a 35% share price of £122,500 of £350,000

So Resi Monthly Payment- £517.82
Monthly Service Charge- £114.62
Total Monthly Charge- £632.44 PLUS MORTGAGE REQUIRED FOR 35% SHARE

Available now through shared ownership scheme is this stunning two bedroom duplex apartment in Welwyn Garden City situated over the 3rdand 4thFloor. It has a fully fitted kitchen including oven, hob and extractor hood. The main bathroom has a modern white suite and ceramic tiles. The property also benefits from the addition on an en-suite bathroom. The lounge and bedrooms are fully carpeted. The apartment is also fully double glazed.

Empire House is part of the Times Square Development and the building is conveniently located within a 10 minutes walk away from the town centre and station.

EPC Rating

Energy Rating Band- D
Environmental Impact Band-D

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 refer to Resale Team for up to date information.


Key Features

  • 2 bedroom duplex apartment with balcony / terrace
  • Allocated parking space
  • Video entry system
  • M25 within 10 miles and A1M within 2 miles
  • Welwyn Garden City town centre and train station approx. 800m
  • Approx gross internal floor area 77sqm
  • Approx. 124years unexpired lease term remaining (Unverified, subject to confirmation from solicitors)

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Calculate Monthly Cost

Share price
£ 122,500
Min. £122,500
Share percentage
Min. 35%
Your deposit
Min. £6,125
Monthly cost*
£1,243
Cost breakdown
£518
Rent
£115
Service charge
£610
Mortgage*
Calculated using a representative rate of 3.94%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.