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£340,000
Bedrooms
Bathrooms
A First Floor 2 Double Bedroom 2 Bathroom Apartment within an attractive gated development close to Watford Town Centre.
This Apartment has a delightful Living Room with a Juliette Balcony that opens and overlooks the Watford Fields open area, has a modern and well fitted kitchen with all normal appliances included (also includes dishwasher), 2 double bedrooms and the convenience of a full family Bathroom plus a Ensuite Shower Room off the Master Bedroom.
This property is currently let on a FIXED TERM tenancy until June 2023 and thereafter with a 2 month break clause at a rent payable of 1300.00 per calendar month
ACCOMMODATION
Entrance Hall
Spacious Entrance hall, storage heater, power sockets, cupboard housing water cylinder and pipework, separate
Cloaks storage cupboard
Living Room
A bright room with French Doors and windows to one end with views over the Watford Fields playing fields, night storage heater, power sockets, twin ceiling lights
Juliette Balcony
Access via living room allowing French doors to be safely opened wide for ventilation and to make the most of the views over the playing fields
Fitted Kitchen
Modern fitted kitchen with wall and base fitted cupboards and a range of appliances including fitted electric oven and hob, concealed extractor fan, washing machine, dishwasher and integrated fridge freezer, stainless steel single drainer sink unit with mixer taps, roll edge laminated work surfaces and tile splashbacks, ample power sockets, inset spot lights
Bedroom One
Situated at the front of the building with double glazed windows to the front, fitted double wardrobe cupboard, electric radiator, ample power sockets
Ensuite Shower
Door from Main Bedroom, with a enclosed shower cubicle, with thermostatically controlled shower spray and sliding cubicle door, wash hand basin, low level wc, part-tiled walls, vinyl sheet flooring
Bedroom Two
Situated to the rear of the building and with double glazed window looking out to the playing fields, electric radiator, ample power sockets
Family Bathroom
Full bathroom including panel bath with shower fitted and mixer taps, wash hand basin, and low level wc, vinyl sheet flooring, shaver point, extractor fan, inset ceiling lights
Allocated Parking
An allocated parking space for one car is provided
There is a communal bicycle storage shed for residents use
Lease:
125 years from 1st March 2002, giving approx. 104 years remaining
Ground Rent:
200 per annum payable in half yearly instalments
Service Charges payable:
Council Tax: Watford Council
Band C 1897.32
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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