1 bedroom apartment for sale
Chrysler House, Bessemer Road, AL7 1GS
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Share percentage 30%, full price £300,000, £4,500 Min Deposit.
Monthly Cost: £1,156
Rent £543,
Service charge £112,
Mortgage £501*
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
Beautifully presented one-bedroom, third-floor, split-level apartment in Welwyn Garden City, AL7. The accommodation comprises a spacious double bedroom, an open plan lounge area with an open plan kitchen, a bathroom with shower over bath, and a heated towel rack. The property also benefits from parking and an electric heating system.
Minimum income required: £36,379
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £90,000 for 30% share based on the marketing figure of £300,000.
Monthly rent - £542.53
Monthly Service Charge - £112.20
Total Monthly Charge - £654.73 plus mortgage required for 30% share.
An annual rent increase takes place every April
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.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - D
Key Features
- One bedroom
- Large private terrace
- Third floor, split level apartment
- Private parking space
- Shared garden area
- Fantastic condition
- Close to local amenities
- 5% Deposit
- Available for 30% 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 30%, full price £300,000, £4,500 Min Deposit. Calculated using a representative rate of 5.03%
