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1 bedroom apartment for sale

Flat 36, Liberty House, Bessemer Road, Welwyn Garden City
Apartment
1 bed
1 bath
Added > 14 days

Key information

TenureLeasehold | unconfirmed share | 117 yrs left
Service charge£1,840.08 per annum
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (117 years remaining)
  • Modern shared ownership home
  • First floor
  • One bedroom
  • Open plan kitchen/living room
  • Allocated parking
  • Long lease
Shared Ownership

This superb modern home is available to buy from as little as £144,000 with a 60% share!

A one bedroom first floor apartment with allocated parking and a long lease! The property provides well-presented accommodation comprising entrance hall, bathroom, open plan kitchen/living room and a bedroom.

Liberty House sits just a short drive from of the town of Welwyn Garden City which offers a wide range of amenities and shops including John Lewis, Waitrose and the Howard Centre. The town has a mainline railway station with fast and frequent services into London Kings Cross and Moorgate. Providing good transport links via road is the A1(M) which is within easy access. Sports clubs, Gosling Sports Park, Stanborough Lakes and The Campus West for theatre, cinema and library are also situated within close proximity of the property.

PRICING & AFFORDABILITY

Full Market Value: £240,000

60% Share Price: £144,000 (rent £297.57pcm)
Minimum 5% Mortgage Deposit (60% share): £7,200
Approximate Service Charges: £154.34pcm*
Shared Ownership Lease: approx. 117 years
Council Tax Band: B

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

* This home can also be purchased outright (100% of the value) which is £240,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property information from this agent

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About this agent

SOWN - National
SOWN - National
Crowthorne House, Nine Mile Ride Wokingham RG40 3GZ
023 8221 9179
Full profileProperty listings
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of
Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership,
which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham.
At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property servic... Show more
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