2 bedroom apartment for sale
Chrysler House, Bessemer Road, AL7 1GS
Share percentage 25%, full price £300,000, £3,750 Min Deposit.
Share percentage 25%, full price £300,000, £3,750 Min Deposit.
Monthly Cost: £1,151
Rent £615,
Service charge £118,
Mortgage £418*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Renovated & bright two-bedroom apartment now available in Welwyn Garden City through Shared Ownership.
The property comprises of a wide living room with open-plan fitted kitchen and two large bedrooms. There is also a shared internal reception court with sofas and tables; allocated parking is also available. This could be ideal for a couple or small family.
The flat is on the second floor of a recently converted building into apartments (circa 2018).
KID Document
Available for £75,000 for 25% share based on the marketing figure of £300,000.
Monthly rent - £615.18
Monthly Service Charge - £118.46
Total Monthly Charge - £733.64 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is in an established residential and light industrial area convenient for all usual amenities.
The flat locates just outside the town centre of Welwyn Garden City, in a new developmental area, and about 15 minutes away walking from the railway station. The train travels to Kings Cross, in Central London, in less than an hour.
The close A1 motorway, about 10 minutes away, also makes road travel convenient.
Welwyn Garden City is a recently developed area with several shops, pubs and restaurants, with all local amenities available nearby. The town is famous for its long garden on the main road, beautiful especially in spring and summer.
Many schools of all levels can be found nearby, several of which are within walking distance.
With its convenient commuting location, as well as all services necessary offered by the town, Welwyn Garden City makes it a perfect place to live.
EPC ratingEnergy rating band - D
Environmental impact band - D
Layout and dimensionsGross internal floor area: 55 m²
Living room & kitchen: 5.94 x 3.38 m
Bedroom 1 (ensuite): 4.39 x 3.66 m
Bedroom 2: 3.71 x 2.67 m
Lease informationYears remaining on lease: 120
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.
Key Features
- Two-bedroom apartment
- Modern converted flat (2018)
- Shared internal reception court
- Allocated parking space
- Available for 25% share
- 5% minimum deposit only
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 25%, full price £300,000, £3,750 Min Deposit. Calculated using a representative rate of 5.03%
