2 bedroom apartment for sale
Cherry Tree Road, WD24 6AE
Share percentage 25%, full price £380,000, £9,500 Min Deposit.
Share percentage 25%, full price £380,000, £9,500 Min Deposit.
Monthly Cost: £1,263
Rent £653,
Service charge £120,
Mortgage £490*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Summary
2 BEDROOM FOURTH FLOOR FLAT WITH A LARGE PRIVATE ROOF TERRACE
Description
Yeatman Court is an exclusive development offering a bespoke collection of 75 BRAND NEW one and two bedroom SHARED OWNERSHIP apartments.
Thoughtfully created with a modern lifestyle in mind, incorporating open plan layouts and high-quality finishes throughout, complete with integrated appliances and stylish fittings.
These homes have been designed to maximise the use of space with an emphasis on natural light. Apartments located on the 3rd, 4th & 5th floors benefit from stunning views of Watford and the surrounding areas.
Yeatman Court is perfectly placed for commuters, with superb access to both the M1 & M25, as well as walking distance to Watford Junction Station - just a 16 minute train journey into London Euston.
SHARED OWNERSHIP EXPLAINED
Shared ownership is a government-backed scheme that makes it easier for you to buy an affordable stake in a property.
The share you buy is dependent on your financial and personal circumstances. It can be from a minimum of 25% to a maximum of 75% share of the full market value of the property. You may be able to buy further shares at a later stage and in most instances you will be able to buy up to 100% of the shares in your home and own it outright.
However, in some cases there may be restrictions on when you can buy a further share or on the maximum total share you can own.
Key Features
* Brand new development of Shared Ownership 1 & 2 bedroom apartments in North Watford
* Laminated flooring throughout
* Wall mounted electric panel heaters to all apartments
* Residents Parking available
* SMEG integrated fridge/freezer & washer/dryer
* Perfectly placed off a quiet residential road in North Watford
* Walking distance to local shops and schools
* Apartments located on the 4th & 5th floors benefit from stunning views of Watford and the surrounding areas
* Outside space to select plots only
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: Not specified
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £380,000, £9,500 Min Deposit. Calculated using a representative rate of 4.80%
