1 bedroom apartment for sale
Empire House, Bessemer Road, AL7 1FY
Share percentage 40%, full price £200,000, £4,000 Min Deposit.
Share percentage 40%, full price £200,000, £4,000 Min Deposit.
Monthly Cost: £861
Rent £314,
Service charge £101,
Mortgage £446*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
A beautifully designed, modern one bedroom studio apartment inWelwyn Garden City is available for Shared Ownership. The property comprises a large master bedroom with an en-suite shower bathroom, a lounge area with an open plan kitchen, and modern contemporary bathroom. The property also benefits from allocated parking, lift access, and communal grounds.
Available for £80,000 for 40% share based on the marketing figure of £200,000.
Monthly rent - £314.30
Monthly Service Charge - £101.42
Total Monthly Charge - £415.72 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located a short walk to Welwyn Garden City Shopping Town Centre with restaurants, gardens, and a gym. Also has good transport links with A1 being close by and Welwyn Garden City Train Station being a 10-minute walk away.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Years remaining on lease: 119
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 are approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at the time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- One bedroom studio
- Ground floor
- Great for London commuters
- Allocated parking space
- Close to local amenities
- Excellent condition
- Lift
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £200,000, £4,000 Min Deposit. Calculated using a representative rate of 5.03%
