3 bedroom apartment for sale
Gilbert House, Studio Way, AL7 3FJ
Share percentage 25%, full price £459,000, £5,738 Min Deposit.
Share percentage 25%, full price £459,000, £5,738 Min Deposit
Monthly Cost: £1,705
Rent £887,
Service charge £179,
Mortgage £639*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Welwyn Garden City, Hertfordshire
Description
Spacious, bright and modern three-bedroom apartment now available in Welwyn Garden City through Shared Ownership.
The flat was built in circa 2020 and comprises a wide living room with access to a large private terrace, two bedrooms and a small studio/bedroom. This could be ideal for a family.
Allocated parking is available, with other shared garden areas.
Available for £114,750 for 25% share based on the marketing figure of £459,000.
Monthly rent - £887.40
Monthly Service Charge - £178.82
Total Monthly Charge - £1,066.22 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe property is located just outside the city centre of Welwyn Garden City, and less than 10 minutes away from the railway station and the shopping centre.
All amenities are nearby, with shops, restaurants and pubs nearby. London is also very close, less than an hour by train, making this an ideal location for commuters.
The close A1(M) motorway is also a few minutes' drive away, allowing to travel around the country with ease.
Several schools are available nearby, some of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 988
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
- Three-bedroom apartment
- Modern building (2020)
- Private terrace
- Allocated parking
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 £459,000, £5,738 Min Deposit. Calculated using a representative rate of 5.03%
