2 bedroom apartment for sale
Rainbow House, WD17 2AP
Share percentage 45%, full price £385,000, £17,325 Min Deposit.
Share percentage 45%, full price £385,000, £17,325 Min Deposit.
Monthly Cost: £1,560
Rent £455,
Service charge £226,
Mortgage £879*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
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
Discover this charming two-bedroom, second-floor resale apartment in Watford.
Description
Discover this charming two-bedroom, second-floor resale apartment in Watford, now available through Shared Ownership. This resale apartment is now available, for £173,250 for a 45% share, with a full market value of £385,000.
The open-plan lounge, dining, and kitchen area create a spacious ambiance perfect for both relaxation and entertaining. This home showcases a generous living space complemented by two bedrooms which both have fitted wardrobes. The main bedroom features an en-suite as well as a larger family bathroom, both boasting a contemporary feel which enhances the overall appearance of the apartment.
The kitchen is with sleek white fitted units and comes complete with essential appliances, including a fridge/freezer and a dishwasher. Spanning a total gross internal area of 86m², you can also bask in the partially covered balcony accessible from the living area, offering a place to sit back and relax. Additionally, a designated parking space in the basement car park ensures convenience and security.
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 Atria Watford shopping centre offering a wide range of stores, restaurants, and entertainment options.
Just 0.8 miles away from the apartment is Watford Junction 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
Basement car park
EPC rating ‘B’
En-suite shower room
Fridge/freezer and dishwasher included
Communal courtyard
114 years remaining on the lease
Particulars
Tenure: Leasehold
Lease Length: 114 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 45%, full price £385,000, £17,325 Min Deposit. Calculated using a representative rate of 4.64%