2 bedroom apartment for sale
Bessemer Road, Welwyn Garden City, AL7 1GJ
Share percentage 35%, full price £350,000, £6,125 Min Deposit.
Share percentage 35%, full price £350,000, £6,125 Min Deposit.
Monthly Cost: £1,497
Rent £662,
Service charge £153,
Mortgage £682*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
This bright, modern, spacious two bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
The property on the third floor comprises of an entrance hall, a spacious living room with a modern open plan kitchen, two good sized bedrooms (one en-suite), and a bathroom.
Outside, there is a private balcony, allocated parking, and a shared garden. Perfect for couples and small families.
Key Information Document
Available for £122,500 for 35% share based on the marketing figure of £350,000.
Monthly rent - £662.37
Monthly Service Charge - £152.98
Total Monthly Charge - £815.35 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located close to the centre of Welwyn Garden City and benefits from close proximity to all local amenities including schools, supermarkets, shops, and restaurants. The property is situated close to the A1(M) and the nearest train station, Welwyn Garden City, is only 0.5 miles away and offers a fast connection to London Kings Cross.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years 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
- Two bedroom apartment
- Modern kitchen
- En-suite bedroom
- Private balcony
- Available for 35% 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 35%, full price £350,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%
