SO Resi Times Square

1 - 2 bedroom homes in Bessemer Road, Welwyn Garden City, Welwyn Hatfield, AL7 1HW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £75,250 for 35% share
Full price from £215,000
Min deposit from £7,525
Monthly rent from £320
Bedrooms 1-2
Bathrooms 1 - 2
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Introducing SO Resi Times Square, an exciting new Metropolitan development offering a choice of stylish studio,  one and two bedroom apartments to own in the unique and popular Welwyn Garden City – a place that realizes the vision of its founder Ebenezer Howard by offering the best of both town and country.

Surrounded by beautiful, rolling Hertfordshire countryside, Welwyn Garden City brings together the very best of urban living with contemporary shopping and amenities, convenient commuter links, inviting communal spaces plus a wealth of open green space to relax and re-charge.

Local area information

Welwyn Garden City brings together the very best of urban living, with contemporary shopping and amenities and convenient commuter links with London Kings Cross only 26 minutes away by train*, and the surrounding Hertfordshire countryside providing a wealth of open green space to relax and recharge in.

SO Resi Times Square offers a fantastic opportunity for first-time buyers to purchase their first home. This is a development where locals, those currently renting or living with family in Hertfordshire, London and beyond can affordably buy.

Local area:
In Welwyn Garden City, you can shop to your heart's content at the best the UK has to offer including; John Lewis, Debenhams, Marks and Spencer, Waitrose and H&M to name but a few. At the end of a busy day shopping you can always relax at one of the many quaint coffee shops or gastropubs. A little further afield you can enjoy the culinary delights of Auberge du Lac at Brocket Hall. In Welwyn Garden City you are safe in the knowledge that all your shopping, dining and drinking requirements are amply catered for.

Welwyn Garden City is well regarded for its high standard of schools, with Applecroft and Templewood primaries rated 'outstanding' and Monk's Walk secondary rated 'good' by Ofsted.

Status Plot No. Floor Beds Min share price Eligibility
Available 189 Ground 1 £87,500 View details
Available 256 First 2 £116,375 View details
Available 187 Ground 2 £118,125 View details
Available 193 Ground 2 £118,125 View details
Available 194 Ground 2 £118,125 View details
Available 196 First 2 £119,000 View details
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FAQ's

Min share price from: £87,500 for a 35% share
Full price from: £250,000
Minimum deposit from: £7,525
Monthly rent from: £373
Bedrooms: 1
Bathrooms: 1

There are 6 available ranging from £87,500 for a 35% share to £119,000 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

SO Resi Times Square

1 - 2 bedroom homes in Bessemer Road, Welwyn Garden City, Welwyn Hatfield, AL7 1HW

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £75,250 for 35% share
Full price from £215,000
Min deposit from £7,525
Monthly rent from £320
Bedrooms 1-2
Bathrooms 1 - 2
Parking 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes