2 bedroom apartment for sale
Woolworth House, , AL7 1GR
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Monthly Cost: £1,085
Rent £580,
Service charge £101,
Mortgage £404*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Modern, well-presented two-bedroom apartment in Welwyn Garden City available through Shared Ownership. This ground-floor apartment comprises an entrance hall with utility storage cupboards, an open-plan kitchen and lounge area, two bedrooms, and a bathroom with a shower over the bath. The property also benefits from allocated off-street parking space, and access to communal areas and rear patio area.
Minimum income required: £33,517
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 10%.
Available for £80,000 for 25% share based on the marketing figure of £320,000.
Monthly rent - £579.54
Monthly Service Charge - £100.77
Total Monthly Charge - £680.31 plus mortgage required for 25% share.
An annual rent increase takes place every April
Lease informationYears remaining on lease: 121
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.
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
Key Features
- Two bedrooms
- Ground floor
- Rear patio area
- Close to local amenities
- Allocated off-street parking
- Access to communal gardens
- Available for 25% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 25%, full price £320,000, £8,000 Min Deposit. Calculated using a representative rate of 4.59%
