2 bedroom apartment for sale

Available

Rainbow house, WD17 2AP

£243,750 · Shared Ownership Resale

Share percentage 75%, full price £325,000, £24,375 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
£243,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £325,000, £24,375 Min Deposit.

Monthly Cost: £1,658
Rent £205, Service charge £216, Mortgage £1,237*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if: You have a gross household income of no more than £90,000 per annum. You are unable to purchase a suitable home to meet your housing needs on the open market. You do not already own a home or you will have sold your current home before you purchase or rent.

Summary

A lovely two-bedroom, sixth floor resale apartment in Watford, is now available through Shared Ownership!

Description

A lovely two-bedroom, sixth floor resale apartment in Watford, is now available through Shared Ownership. The resale apartment is now available, for £243,750 for a 75% share, with a full market value of £325,000.
The apartment which was built in approx. 2013 boasts a spacious designed layout, featuring an open-plan lounge / dining / kitchen area. Designed and built to the highest specification, this apartment showcases a good-sized living space with two bedrooms and one bathroom.
The contemporary kitchen is fully equipped with integrated appliances, including a fridge/freezer, dishwasher and an oven. It is complemented by wood laminate flooring throughout the kitchen and living/dining area. With a total gross internal area of 65m², residents also enjoy access to a communal rooftop terrace, balcony, and a designated parking space in the basement car park.

Local area
The local area is vibrant with shops, restaurants, and other amenities. Watford is also known for its green spaces like Cassiobury Park, it is one of the largest public parks in Hertfordshire and covers approximately 190 acers. Cassiobury Park offers various sports facilities, including football pitches, tennis courts, and a bowling green. These amenities make the park a hub for sports enthusiasts and community events. Watford is a popular shopping destination, with the Intu Watford shopping centre offering a wide range of stores, restaurants, and entertainment options.
Just 2 minutes from the apartment is Watford high street station which is served by the London Overground service between Watford Junction and London Euston. This station provides good transport links for residents traveling between Watford and central London. Additionally, there are several London Underground stations in the area, including Watford Metropolitan line station which is 1.6 miles away from the apartment. Watford is close to several motorway junctions such as the M1 motorway and the M25 which connects to different destinations.

Key Features

• Good sized open plan kitchen/lounge/diner
• EPC rating ‘B’
• Designated parking space
• Central heating
• 2 bedrooms
• 1 bathroom

Particulars

Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: Not specified

Map
Watford High Street (0.05 miles) Bushey (0.66 miles) Watford Junction (0.73 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£243,750
Shared Ownership Resale
Estimated Monthly Cost:£1,658
Rent £205
Service Charge £216
Mortgage £1,237

Share percentage 75%, full price £325,000, £24,375 Min Deposit. Calculated using a representative rate of 4.64%


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.