2 bedroom apartment for sale
Waddington House, 62 Barnes Wallis Way, Bricket Wood, AL2 3FL
Share percentage 35%, full price £345,000, £12,075 Min Deposit.
Share percentage 35%, full price £345,000, £12,075 Min Deposit
Monthly Cost: £1,444
Rent £660,
Service charge £174,
Mortgage £610*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
An attractive, first-floor flat which overlooks the communal rear garden. The property has a twenty-one-foot, dual-aspect reception room with Juliette balcony and a spacious, open-plan kitchen area featuring integrated appliances. The main bedroom includes a fitted, mirror-fronted wardrobe, there is a second, smaller, double bedroom, a simple, white-tiled bathroom and a storage/utility cupboard has been provided in the entrance hallway. Waddington House is a recent development and the insulation standards and high performance glazing combined with a modern gas central heating system make for a very good energy-efficiency rating. The flat comes with parking for two cars and the location allows convenient access to the North Orbital Road, the M1 and the M25. Alternatively, Bricket Wood Station is within comfortable walking distance or a brief cycle ride.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £345,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://tinyurl.com/y9zu8hcb]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/10/2018).
Minimum Share: 35% (£120,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £660.07 per month (subject to annual review).
Service Charge: £174.16 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £48,700 | Single - £55,800 (based on minimum share and 10% deposit).
Council Tax: Band D, St Albans City & District Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).4
Key Features
- Guideline Minimum Deposit £12,075
- Guide Min Income Dual £48.7k | Single £55.8k
- First Floor with Juliette Balcony
- Approx. 667 Sqft Gross Internal Area
- Overlooks Communal Garden
- Very Good Energy Efficiency Rating
- Communal Cycle Store
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: Yes - Communal Garden
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 35%, full price £345,000, £12,075 Min Deposit. Calculated using a representative rate of 4.59%
