Studio Flat For Sale £80,000
This superb modern home is available to buy for as little as £80,000 for a 40% share.
Offered to the market stands this well sized and presented ground floor studio apartment in Empire House, Welwyn Garden City.
This property comprises of a good sized double bedroom, open plan kitchen/living room, modern bathroom and is available immediately.
This apartment also benefits from having allocated residents parking, lift access and communal grounds. This property is located within walking distance to Welwyn Garden City town centre with main line train links to London.
PRICING AND AFFORDABILITY
Full market value: £200,000
Rent (40% share): £314.30 pcm
Service Charge: £101.42 pcm
Lease: Approx. 119 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.
* This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
