1 bedroom apartment for sale
CHRYSLER HOUSE, BESSEMER ROAD, AL7 1GS
Share percentage 25%, full price £220,000, £2,750 Min Deposit.
Share percentage 25%, full price £220,000, £2,750 Min Deposit.
Monthly Cost: £684
Rent £262,
Service charge £109,
Mortgage £313*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in WELWYN GARDEN CITY, Hertfordshire
Description
This stylish, bright & spacious one-bedroom flat is now available in Welwyn Garden City through Shared Ownership.
The flat, on the ground floor of a five story building, comprises of an expansive living room/ kitchen, 1 bathroom and 1 bedroom. Allocated parking and communal spaces are also included - ideal for couples or a single person.
Chrysler House is part of the Times Square development, off Bessemer road, Welwyn Garden City. The property is within walking distance of the town centre and Welwyn Garden City station.
Minimum income required: £21,871
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £55,000 for 25% share based on the marketing figure of £220,000.
Monthly rent - £261.57
Monthly Service Charge - £108.50
Total Monthly Charge - £370.07 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationLocal amenities and points of interest include:
- The Howard Shopping Centre (15 minute walk)
- Welwyn Garden City train station (15 minute walk)
- Welwyn Garden City town centre (20 minute walk)
- Waitrose & Partners (13 minute walk)
- Welwyn Garden City golf club (7 minute drive)
- Gosling sports park (7 minute drive)
- Morrisons (5 minute drive)
- St Albans (29 minute drive)
- London Kings Cross (45 minutes via train)
EPC ratingEPC rating - D
Lease informationYears remaining on lease: 119
In certain cases, 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
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 £220,000, £2,750 Min Deposit. Calculated using a representative rate of 5.26%
