2 bedroom apartment for sale
Woolworth House, Bessemer Road, AL7 1GR
Share percentage 70%, full price £340,000, £11,900 Min Deposit.
Share percentage 70%, full price £340,000, £11,900 Min Deposit
Monthly Cost: £1,776
Rent £295,
Service charge £155,
Mortgage £1,326*
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 and modern two-bedroom apartment is now available in Welwyn Garden City through Shared Ownership.
The property on the fourth floor comprises an entrance hall, a spacious living room with an open-plan kitchen, two good-sized bedrooms, and a bathroom.
Outside, there is a private balcony, and parking is available. Perfect for couples and small families.
Available for £238,000 for 70% share based on the marketing figure of £340,000.
Monthly rent - £295.19
Monthly Service Charge - £155.16
Total Monthly Charge - £450.35 plus mortgage required for 70% share.
An annual rent increase takes place every April
LocationThe property is located in a mixed residential development close to the centre of Welwyn Garden City. The property is close to local amenities including a supermarket, pub, and several schools. Welwyn Garden City train station is roughly a 5-minute drive or 15-minute walk from the property and offers connections to London. The property also benefits from close proximity to the A1(M). Welwyn Garden City offers a range of amenities including shops, supermarkets, restaurants, pubs, and other entertainment facilities.
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 bed apartment
- Modern kitchen
- Private balcony
- Good travel links
- Available for 70% 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 70%, full price £340,000, £11,900 Min Deposit. Calculated using a representative rate of 5.03%
