This property is no longer on the market
1 bedroom flat
Key information
Property description & features
- Tenure: Leasehold (160 years remaining)
- First Floor
- Modern Block
- Recently Extended Long Lease
- Close to Watford Underground Station
- Close to Watford General Hospital
- Modern decor throughout
- Car Parking included
- Ideal for First Time Buyers or Investors
Alderney House itself is a quiet small block with parking for residents included free of charge. The road itself is a quiet cul de sac and offers lots of free street parking for guests too.
The development is situated off Tolpits Lane in West Watford and is excellently placed for transport links, being just 1/2 mile walk to Watford Met Line Station (Metropolitan line) which gives you quick and direct access into Central London. It is also close to the local amenities of Watford town centre and Watford General Hospital.
The flat represents excellent value for money, especially since THE LEASE HAS RECENTLY BEEN EXTENDED TO OVER 150 YEARS, meaning there is ZERO GROUND RENT PAYABLE.
Service charge includes insurance, communal cleaning and maintenance and is currently £1425 per annum
Overall:
For investors, market rent for this flat is £1000 per calendar month, representing an annual rental yield of over 5% and would attract extremely high demand from professional tenants.
For first time buyers, this represents an excellent opportunity to get on the property ladder with a low maintenance property, with no ground rent to pay, no stamp duty to pay and ready to move in without any cost of renovation.
Leasehold Information
Number of years remaining on the lease: 160 years
Current ground rent and any review period:
- £1 per month
- 1 year
Current service charge and any review period:
- £1 per month
- 1 year
Council tax band: C
Places of interest
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Property reference Zjosephproperty0000779643. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams - Home Counties & Surrey (Oxygen).
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Broadband availability and predicted speed: obtained from Ofcom on July 28, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on July 28, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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