1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (113 years remaining)
- Excellent First Time Buy or Rental Investment
- Second Floor Flat
- Residents Parking
- Long Lease Remaining
- Quiet cul de sac
- Chain Free
Alderney House is a quiet small block on Scammell Way with parking spaces 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.
Transport links for road users are excellent with the the A41, M1 and M25 nearby.
The flat represents excellent value for money with a long lease of 114 years remaining.
Service charge includes insurance, communal cleaning and maintenance and is currently £1425 per annum
Ground rent is £175 for every 6 months.
Overall:
For investors, market rent for this flat is £1100 per calendar month, representing an annual rental yield of over 5.5% and would attract extremely high demand from professional tenants, especially from the recently expanded Watford General Hospital.
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: 113 years
Current ground rent and any review period:
- £350 per year
Current service charge and any review period:
- £1,425 per year
Council tax band: C
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on July 28, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 28, 2022
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area: obtained on January 6, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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