2 bedroom apartment for sale
Dakota House, Bessemer Road, AL7 1GJ
Share percentage 50%, full price £340,000, £8,500 Min Deposit.
Share percentage 50%, full price £340,000, £8,500 Min Deposit.
Monthly Cost: £1,602
Rent £502,
Service charge £153,
Mortgage £947*
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
Bright and modern apartment now available in Welwyn Garden City through Shared Ownership.
The property comprises a wide living room with access to a small outdoor terrace, an open-plan fitted kitchen, and two bedrooms, one of which is ensuite. This could be ideal for a small family or a couple.
Allocated parking is available.
Key Information Document
Available for £170,000 for 50% share based on the marketing figure of £340,000.
Monthly rent - £501.88
Monthly Service Charge - £152.98
Total Monthly Charge - £654.86 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located in the new residential area of Welwyn Garden City, with the railway station just a 15-minute walk away and many amenities available nearby.
The location is also really convenient for road travel, with the A1(M) motorway just a few minutes' drive away.
Several schools are available in the area, many of which are within walking distance.
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
- Private terrace
- Modern building (2018)
- Ensuite bedroom
- Available for 50% 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 50%, full price £340,000, £8,500 Min Deposit. Calculated using a representative rate of 5.03%
