2 bed flat for sale

Bessemer Road, Welwyn Garden City, Hertfordshire AL7

Shared Ownership

This superb modern home is available to buy from as little as £238,000 with a 70% share!
A well-presented upper floor flat located in a desirable part of Welwyn Garden City, offering a perfect blend of comfort, convenience, and connectivity. The property comprises two generous bedrooms, a modern bathroom, and a bright open-plan living and dining area that opens out onto a private balcony – ideal for enjoying your morning coffee or unwinding in the evening. The kitchen is well-equipped, offering plenty of storage and worktop space, making it ideal for both everyday living and entertaining. Additional benefits include residents' parking and secure entry to the building.
Situated within easy reach of Welwyn Garden City town centre, the flat is close to a wide range of amenities including supermarkets, restaurants, cafés, gyms, and the Howard Centre shopping mall. The area also offers excellent transport links, with Welwyn Garden City train station providing regular fast services to London Kings Cross in under 30 minutes. For drivers, the A1(M) and M25 are easily accessible, making commuting and travel further afield convenient.
Pricing & affordability


Full Market Value: £340,000

70% Share Price: £238,000 (rent £295.19pcm)
Minimum 5% Mortgage Deposit (70% share): £11,900
Approximate Service Charges: £155.16pcm*
Lease:118 Years
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 £340,000 and a purchaser would not need to meet the eligibility criteria listed above.