2 bedroom apartment for sale
Hudson House, Bessemer Road, AL7 1GT
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Monthly Cost: £1,298
Rent £659,
Service charge £155,
Mortgage £484*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Modern, bright & spacious two-bedroom apartment now available in Welwyn Garden City through Shared Ownership.
The property comprises a wide living room with an open-plan fitted kitchen and two large bedrooms, with one of the being ensuite; there are also plenty of storage rooms. This could be ideal for a small family or a couple.
The flat is on the ground floor of a newly built construction (circa 2020); it has allocated underground parking space and shared areas.
Available for £85,000 for 25% share based on the marketing figure of £340,000.
Monthly rent - £658.66
Monthly Service Charge - £155.22
Total Monthly Charge - £813.88 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe flat is situated close to the centre of Welwyn Garden City and benefits fromproximity to the A1(M) and the railway station, about 15 minutes away. London can be reached in less than an hour through a direct train.
There is a small shopping centre next to the station with plenty of shops and restaurants. There are also more pubs and bars in the area.
There are also several schools in the area, many of which within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 122
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
- Two-bedroom apartment
- Ensuite bedroom
- Storage rooms
- Underground parking
- 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 £340,000, £4,250 Min Deposit. Calculated using a representative rate of 5.26%