Share Price £112,500 (from 25% Min. Share)

Full Value £450,000 | £5,625 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Welwyn Garden City - Hertfordshire

place Empire House, Bessemer Road, AL7 1FY

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A three bedroom duplex located in Welwyn Garden City available through Shared Ownership Scheme


Description

Full Description

A three bedroom duplex located in Welwyn Garden City available through Shared Ownership Scheme

Available for £112,500 for 25% share based on the marketing figure of £450,000.
SO Resi Monthly Payment - £844.22
Monthly Service Charge - £92.26
Total Monthly Charge - £936.48 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Minimum income requirement - £39,198

Buy more shares for a minimum of 10%

Modern, spacious three bedroom duplex in Welwyn Garden City, AL7 .The property comprises of entrance hall, WC, Kitchen, lounge, master bedroom with ensuite, second bedroom and third bedroom. Property also benefits from a balcony.

Located at our popular SO Resi Times Square development. The property is approximately 1 mile from Welwyn Garden City Station with regular services
to London and to the north. The A1 is only 2 miles away accessed via Junction 4,5, or 6 and the facilities of the town centre are approx. 0.5 miles away.

Property Details

Hallway:

Kitchen:
Fitted kitchen
Oven and Washing machine

Lounge:
Balcony

Bathroom:

Bedroom 1:
Fitted wardrobe

External:
Balcony

EPC Rating
Energy Rating Band - D
Environmental Impact Band - C


All 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

• Three bedrooms
• Great storage
• Spacious two storey
• Duplex apartment
• Allocated parking
• Available for 25% share


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Calculate Monthly Cost

Share price
£ 112,500
Min. £112,500
Share percentage
Min. 25%
Your deposit
Min. £5,625
Monthly cost*
£1,497
Cost breakdown
£844
Rent
£92
Service charge
£561
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.