Shared Ownership
This superb modern home is available to buy from as little as £134,000 with a 40% share!
This spacious and contemporary duplex apartment is positioned across the third and fourth floors of Liberty House and offers well planned accommodation. The third floor features an impressive 28ft open plan kitchen/reception room, providing plenty of space for both living and dining, with direct access onto a private balcony. A useful WC completes this level. Upstairs on the fourth floor are two generous double bedrooms, with bedroom one benefiting from its own en suite shower room, alongside a separate family bathroom. The property also benefits from allocated parking.
Liberty House is situated on Bessemer Road in the popular Welwyn Garden City area, conveniently positioned for a wide range of local amenities. The town centre offers an excellent selection of shops, cafés, restaurants and leisure facilities, while nearby green spaces provide plenty of opportunities for walking and recreation. The property is also well placed for access to local employment areas and everyday amenities.
For commuters, Welwyn Garden City railway station provides regular services towards London King's Cross and Moorgate, making the property a practical option for those travelling into the capital. Road connections are equally convenient, with easy access to the A1(M) providing links towards London, Stevenage and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £335,000
40% Share Price: £134,000 (rent £647.59pcm)
Minimum 5% Mortgage Deposit (40% share): £6,700
Approximate Service Charges: £178.81pcm*
Shared Ownership Lease: 117 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 £335,000 and a purchaser would not need to meet the eligibility criteria listed above.
