2 bedroom apartment for sale
Dakota House, Bessemer Road, AL7 1GJ
Share percentage 25%, full price £340,000, £4,250 Min Deposit.
Share percentage 25%, full price £340,000, £4,250 Min Deposit
Monthly Cost: £1,358
Rent £732,
Service charge £153,
Mortgage £473*
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 two-bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
The property on the fourth floor comprises an entrance hallway, a living room with a modern open-plan kitchen, two bedrooms (one en-suite), and a bathroom.
There's also a private balcony accessible from the living room, a utility cupboard with a washer and dryer, and optical fibre for the Internet.
Outside, there is allocated off-street parking, a shared garden area and a private balcony accessible from the living room. Perfect for couples and small families.
Available for £85,000 for 25% share based on the marketing figure of £340,000.
Monthly rent - £731.96
Monthly Service Charge - £152.98
Total Monthly Charge - £884.94 plus mortgage required for 25% 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. It 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.
Lease informationYears remaining on lease: 118
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
- Allocated off-street parking
- Private balcony
- Ensuite room
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 5.03%
