Shared Ownership

This superb modern home is available to buy from as little as £99,000 with a 30% share!

A gorgeous third floor apartment offering bright, modern accommodation within a contemporary residential development in Welwyn Garden City. The apartment features a spacious open plan kitchen and reception room, ideal for modern living and entertaining, along with two double bedrooms (en suite to the principal bedroom) and a well appointed bathroom. The apartment also benefits from communal gardens and an allocated parking space with further visitor bays available on the development.

Welwyn Garden City is a highly regarded town known for its green spaces, tree lined boulevards and excellent amenities. The town centre is close at hand, offering a wide range of shops, supermarkets, cafés, restaurants and leisure facilities, including the popular Howard Centre and John Lewis. There are also gyms, parks and recreational areas nearby, providing a balanced lifestyle with both convenience and outdoor space.

The apartment is ideally located for commuters, with Welwyn Garden City railway station providing fast and frequent services to London King’s Cross, making it an excellent choice for those working in the capital. Road links are equally strong, with easy access to the A1(M), connecting to London, Stevenage and the wider motorway network. Regular local bus services also operate throughout the town and surrounding areas.

PRICING & AFFORDABILITY

Full Market Value: £330,000

30% Share Price: £99,000 (rent £660.68pcm)
Minimum 5% Mortgage Deposit (30% share): £4,950
Approximate Service Charges: £117.94pcm*
Lease: 120 years remaining

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.