Share Price £140,000 (from 70% Min. Share)

Full Value £200,000 | £7,000 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom apartment in Watford - Hertfordshire

place DYSON COURT, 184 LOWER HIGH STREET, WD17 2NU

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Home Group Resales

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2 bed retirement apartment in Watford- too good to miss!


Eligibility

Applicants must be aged 60 or over.

Applicant must be able to live independently without any care or support.

Applicants must have sufficient funds to purchase the 70% outright.

Applicants must also have access to sufficient funds to cover the cost of buying.

All prospective buyers must attend an interview with a Home Group representative and complete an application form to confirm their eligibility to purchase their chosen property.

Buyers' ability to meet the independent living criteria is determined via a medical status report from their GP, any costs borne from this are payable by the purchaser. (Further information is available on request)

Once your application and medical status has been confirmed, we will contact you to let you know that you have/have not been approved ahead of instructing all legal representatives.


Description

***Please quote DYS426 when enquiring.***

- Introduction –

A well-presented, two bedroom flat located on the 2nd floor in Dyson Court. With gas central heating and excellent double glazed windows. The building is surrounded by a well maintained communal garden in a peaceful neighbourhood, situated behind the Watford Museum. There is off street parking available for residents and visitors.

The property is newly decorated and has new carpets throughout, along with a new walk-in wet room shower. Benefits also include laundry room, guest room facilities, spacious residents lounge (with coffee mornings, afternoon tea and bingo). Within walking distance to Watford High Street, it is the perfect location for shops and restaurants.

Available as part of the affordable home ownership scheme: you only pay 70% of the open market value. The 30% share not purchased is a 'payment discount' which is locked into the property. Owners do not pay any rent to Home Group on the percentage not purchased but they must pay a service charge.

- What the owner says –

“Lovely bright flat in a great location. Dyson Court has a lovely friendly community spirit.”

- Full Description –

- 2 bedroom second floor flat (lift available)

- Living room (5.3m x 3.1m)

- Master bedroom (4.8m x 2.0m)

- Second bedroom (4.1m x 2.0m)

- Kitchen (2.5m x 1.4m)

- Bathroom (2.1m x 1.4m)

- Viewing is highly recommended.

- Costs –

PROPERTY TYPE- FLAT (FIRST FLOOR)

PRICE - £140,000*

NO RENT PAYABLE

SERVICE CHARGE - £737.53 per quarter**

*This represents a 70% share of the full open market value of £200,000

**This includes: management charge, service charge, building insurance charge, building fund and sinking fund. Service charges are reviewed annually.

Under the scheme you only pay 70% of the value of the property. Owners do not pay any rent to Home Group for the percentage you have not purchased. You will be liable to pay the service charge. The 30% share not purchased is a 'payment discount' which is locked into the property.

- Eligibility Requirements -

Applicants must be aged 60 or over.

Applicant must be able to live independently without any care or support.

Applicants must have sufficient funds to purchase the 70% outright.

Applicants must also have access to sufficient funds to cover the cost of buying.

All prospective buyers must attend an interview with a Home Group representative and complete an application form to confirm their eligibility to purchase their chosen property.

Buyers' ability to meet the independent living criteria is determined via a medical status report from their GP, any costs borne from this are payable by the purchaser. (Further information is available on request)

Once your application and medical status has been confirmed, we will contact you to let you know that you have/have not been approved ahead of instructing all legal representatives.

- General Information -

Tenure: Leasehold

Lease: 99 years Surrender & Regrant

Years remaining on lease: 99 approx.

Approximate internal area: 57 sq. m.

Local Authority: Watford Borough Council

Council Tax Band: B

EPC Rating: D (68)

- Terms and Conditions -

If you are interested in buying this home, you will need to meet an affordability assessment and the independent living criteria. Details of which will be advised as required.

All prospective buyers must attend an interview with a Home Group representative and complete an application form to confirm their eligibility to purchase and will need to demonstrate they can afford the costs associated with owning and meet the terms of the scheme criteria.

Buyers' ability to meet the independent living criteria is determined via a medical status report from their GP, any costs borne from this are payable by the purchaser. (Further information is available on request)

Once your application and medical status has been confirmed, we will contact you to let you know that you have/have not been approved ahead of instructing all legal representatives.

Call today to arrange your personal tour appointment to view.


- Viewings -

Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • Independent living retirement property for over 60s
  • £140,000 for 70% of shared equity scheme
  • No rent payable on 30% share not purchased
  • Emergency 24 hour alarm system and pull cord in all rooms
  • Telephone entry security door system
  • On site live-in scheme manager
  • Landscaped communal garden
  • Two minute walk to Watford town centre, bus stop, station and supermarket
  • Chain free, available now

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Energy Certificate
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Home Group Resales

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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.