1 bedroom apartment for sale
Bessemer Road, Welwyn Garden City, AL7 1GS
Share percentage 35%, full price £210,000, £3,675 Min Deposit.
Share percentage 35%, full price £210,000, £3,675 Min Deposit.
Monthly Cost: £1,015
Rent £466,
Service charge £140,
Mortgage £409*
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 bright and modern one bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
The property on the first floor comprises an entrance hall, a living room with a modern kitchen, one bedroom and a bathroom.
Outside, there is allocated parking and a shared garden area. Perfect for couples or a single person.
Available for £73,500 for 35% share based on the marketing figure of £210,000.
Monthly rent - £466.44
Monthly Service Charge - £139.96
Total Monthly Charge - £606.40 plus mortgage required for 35% 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 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 is 10 minutes away, making road travel convenient. Welwyn Garden City is a recently developed area with several shops, pubs and restaurants and other local amenities.
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 nearby services, Welwyn Garden City is a fantastic place to live.
EPC ratingEnergy rating band - D
Environmental impact band - D
Years remaining on lease: 121
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
- Modern kitchen
- Allocated parking
- Good travel links
- Available for 35% share
- 5% deposit minimum
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 35%, full price £210,000, £3,675 Min Deposit. Calculated using a representative rate of 5.03%
