1 bedroom apartment for sale
Liberty House, Bessemer Road, AL7 1FU
Share percentage 60%, full price £240,000, £7,200 Min Deposit.
Share percentage 60%, full price £240,000, £7,200 Min Deposit.
Monthly Cost: £1,253
Rent £298,
Service charge £153,
Mortgage £802*
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
This stylish, bright & modern one-bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
On the first floor, this property comprises an expansive living room with an open-plan fitted kitchen, a bedroom, and a bathroom; there's also a storage room.
Allocated parking and communal spaces are also included.
Available for £144,000 for 60% share based on the marketing figure of £240,000.
Monthly rent - £297.57
Monthly Service Charge - £153.34
Total Monthly Charge - £450.91 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property is located just outside Welwyn Garden City's town centre, in a new developmental area, and about 8 minute's walk from the railway station. The train travels to Finsbury Park in 20 minutes, and Kings Cross in 28 minutes, which is perfect for commuters.
The close A1 motorway, about 10 minutes away, also makes road travel convenient.
Welwyn Garden City is a recently developed town with several supermarkets, shops, pubs, and restaurants, with all local amenities nearby. The town is famous for its long garden on the main road, which is beautiful especially in spring and summer.
Many schools of all levels can be found nearby, several within walking distance.
With its convenient commuting location and all the services the town offers, Welwyn Garden City is a perfect place to live.
EPC ratingEnergy rating band - D
Environmental impact band - C
Gross internal floor area: 45 m²
Living room & kitchen: 5.84 x 3.40 m
Bedroom: 3.73 x 2.49 m
Years remaining on lease: 117
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
- One-bedroom apartment
- Storage room
- Allocated parking
- First floor
- Available for 60% 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 60%, full price £240,000, £7,200 Min Deposit. Calculated using a representative rate of 5.03%
