Shared Ownership
This superb modern home is available to buy from as little as £182,000 with a 65% share!
Offered for sale with no onward chain, this well presented first floor apartment offers a practical and well balanced layout.
The accommodation comprises a bright and spacious open plan kitchen/living/dining room, providing an excellent everyday living space with clearly defined areas for cooking, dining and relaxing. The kitchen is neatly arranged with good worktop space and appliance provision, while the reception area comfortably accommodates both seating and dining furniture. There are two bedrooms (en suite to bedroom one) and a modern family bathroom.
Liberty House is located within a well established residential area of Welwyn Garden City, a town known for its attractive green spaces, organised layout and excellent community facilities. Nearby you’ll find local shops, supermarkets, cafés and everyday services, while the Howard Centre and town centre provide a wider range of retail, leisure and dining options. The area is also well served by parks, sports facilities and scenic walking routes, making it ideal for those who enjoy outdoor space close to home.
Welwyn Garden City benefits from excellent transport connections, making it popular with commuters. The mainline railway station provides regular direct services into London King’s Cross, typically in under 30 minutes. Road users have easy access to the A1(M), offering straightforward links to London, the M25, and the wider motorway network. Local bus services also operate throughout the town and surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £300,000
65% Share Price: £182,000 (rent £330.37pcm)
Minimum 5% Mortgage Deposit (% share): £9,100
Approximate Service Charges: £170.52 pcm*
Lease: 116 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.
** This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.
