Shared Ownership
This superb modern home is available to buy from as little as £156,150 with a 45% share!
Set within a well-connected residential area of Bridge Road East in Welwyn Garden City, this well-presented first-floor apartment offers a practical layout combined with comfortable modern living.
The property opens into a welcoming entrance hall that leads through to a bright and spacious open-plan kitchen and dining area, creating an ideal setting for both everyday living and entertaining. The kitchen is thoughtfully arranged with ample worktop space and storage, while the adjoining living space benefits from natural light and direct access to a private balcony, providing an attractive spot to relax outdoors.
The apartment features two well-proportioned bedrooms, both offering flexibility for use as sleeping accommodation, a guest room, or a home office. A contemporary family bathroom is conveniently positioned off the hallway and serves the property with a clean, functional design.
Further benefits include an allocated parking space, providing convenient off-street parking for residents. With local amenities, green spaces, and transport links within easy reach, the property presents an excellent opportunity for many buyers.
Overall, this attractive apartment combines comfortable accommodation, outdoor space, and practical features in a desirable Hertfordshire setting.
PRICING & AFFORDABILITY
Full Market Value: £347,000
45% Share Price: £156,150 (rent £507.66 pcm)
Minimum 5% Mortgage Deposit (45% share): £7,807.50
Approximate Service Charges: £117.94 pcm*
Lease: 119 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.
