£72,500

This vibrant, well-decorated one-bedroom apartment is now available in Watford through Shared Ownership.

The property on the top floor and comprises an entrance hall with a storage cupboard, a spacious living room with a modern open-plan kitchen, one large bedroom and a bathroom.

Outside, there is a private balcony and secure underground allocated parking. Perfect for couples or singles.

This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.

Must have a local connection to Three Rivers District by either:

• Currently living in the district and have been for the last 5 years.

Or

• Have immediate family who are currently living in the district and have been continuously for the last 10 years. A buyer must have a relationship with that family member and a need for their support or to provide support to that family member.

Available for £72,500 for 25% share based on the marketing figure of £290,000.

Monthly rent - £629.11
Monthly Service Charge - £160.04
Total Monthly Charge - £789.15 plus mortgage required for 25% share.

An annual rent increase takes place every April

The property is situated in the South Oxhey area of Watford, offering convenient access to a range of local amenities. Within a 5-minute walk, residents can reach several supermarkets, local markets, and healthcare facilities, including GP practices and pharmacies.

Fitness enthusiasts will find gyms and wellness centres within a 10-minute drive, while nearby parks and green spaces provide excellent options for outdoor leisure. A variety of shops and cafés are also easily accessible, making daily errands and weekend strolls both practical and enjoyable.

Transport links are great, with Carpenders Park station just a 5-minute walk away, offering direct Overground services to central London in approximately 40 minutes. Bus routes and road connections further enhance accessibility to surrounding areas, including Watford town centre, which is reachable in under 15 minutes by car.

Energy rating band - B

Environmental rating band - B

Years remaining on lease: 245

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.