3 bedroom penthouse for sale

£850,000

3

Bedrooms

2

Bathrooms

Floorplan


SUMMARY
'' FINAL PLOT REMAINING '' A THREE bedroom penthouse apartment on the 23rd floor can be found within this prestigious new development, The Clarendon, and has been beautifully designed to the highest standard throughout. With THREE DOUBLE BEDROOMS, ensuite to the main bedroom & breathtaking views.


DESCRIPTION
'' FINAL PLOT REMAINING '' THIS STUNNING PENTHOUSE OFFERS LUXURIOUS LIVING AT ITS FINEST!
This exquisite three-bedroom penthouse apartment on the 23rd floor can be found within this prestigious new development, The Clarendon, and has been beautifully designed to the highest standard throughout offering an exclusive collection of apartments in Watford designed to infuse a touch of Londons vibrant energy into Watford. Incorporating open plan layouts and exceptional quality finishes throughout, complete with outstanding facilities, offering the perfect ownership and investment opportunity.
This superb penthouse has three double bedrooms, ensuite to the main bedroom, open-plan living with floor-to-ceiling windows boasting breathtaking views, German handless kitchen units with SMART integrated appliances and engineered oak flooring with underfloor heating & a luxury bathrooms. With state-of-the-art amenities, including a gym, cinema, 2 x sky gardens & concierge.
VIEWINGS ARE HIGHLY RECCOMENDED!

Landmark Living In Watford
Elevating the skyline, The Clarendon is set to be one of the tallest residential landmarks in Watford. Residents will relish exclusive access to two breath taking sky gardens, on the 7th and 25th floors, along with state-of-the-art facilities including a gymnasium, cinema, club lounge, and caf. The concierge service ensures convenience and security, while the dedicated cycle storage caters to active lifestyles. All the penthouses boast high-specification interiors, each with 360-degree views of Hertfordshires countryside.

Location Is Everything
Perfectly located just minutes from the heart of London, The Clarendon allows you to experience the best of the Hertfordshire countryside and enjoy the best of both worlds. Ideal for commuters or socialising in London with friends and family with a direct tube link to the City in just 15 minutes. The Clarendon is just moments from Watford Highstreet with an array of High Street shops, cafs, restaurants, bars & just a 7 mins walk to Watford Junction.

Local Area
With an outstanding selection of 8 parks there is plenty of outdoor fun for children and adults. Within your new home you will find a private gymnasium for all your workout needs. For those of you who also enjoy exercising in the great outdoors, there are eight green parks within walking distance. There are six great tennis courts in Cassiobury Park and a championship golf course at The Grove as well as 15 other courses within ten miles. And for those who simply enjoy a stroll, there is beautiful countryside all around.

A great mix of nightlife can be found just five minutes walk away from The Clarendon hosting a variety of bars and restaurants. Humo serves delicious Spanish Tapas and Japanese food with an island cocktail bar and Las Iguanas is a great Latin American Restaurant with an atmosphere to match. The Florist is renowned for its beautiful space, wonderful food and cocktails. For those who enjoy the finer dining experiences, Hertfordshire boasts 8 Michelin-starred restaurants. Whether it is an evening of culture or tasting cuisines from around the globe, you will find a variety of options nearby.

This dynamic blend of urban energy and green spaces make the Clarendon the perfect place to live, work and play. Add a diverse cultural scene and excellent connectivity, and you have a new standard in well balanced metropolitan living.

For Peace Of Mind
Lease: 999 year
Ground Rent: N/A
Annual Service Charge: estimated and- 2.40/Sq ft per apartment per annum.
10 year structural build warranty
Integrated building fire detection system

Why Move/ Invest In Watford
Located just 15 minutes (direct train) from London Euston
Watford is undergoing over 1.5billion of investment in the next 10 years
Estimated rental yields of circa 4% -5%
30% of people moving to Watford have moved from London in the last 2 years
Watfords average house price is a third less expensive than the average house price in London
Population growth in Watford is predicted at 12.5% by 2031
Watford is a top 20 shopping destination in the UK and includes a mix of boutique and big brands
Excellent connectivity to major London schools and universities
Watford comprises of more than 300 hectares of open spaces including parks, tennis courts and a golf course
Entertainment options on your doorstep include nearby local theatres and The Colosseum
Watford boasts a variety of craft cafes, artisan outlets and popular restaurants
Watford is home to Premiership Football Club, Watford FC, as well as the head offices for T.K.Maxx, Ralph Lauren, PricewaterhouseCoopers (PwC) and KPMG

Amenities - Walking Distance
Palace Theatre | 2 mins
Cineworld | 6 mins
Putt Shack | 6 mins
Watford Junction Station |7 mins
Marks & Spencer | 8 mins
Atria Shopping Centre | 8 mins
Watford High Street Station | 11 mins
Cassiobury Park | 17 mins
Watford FC Stadium 17 mins

Nearby Secondary Schools
Watford Grammar School for Girls - Ofsted rating outstanding
Watford Grammar School for Boys - Ofsted rating outstanding
Parmiters School, Garston - Ofsted rating outstanding
Rickmansworth School, Rickmansworth - Ofsted rating good
Queens School, Bushey - Ofsted rating good
Bushey Meads School, Bushey - Ofsted rating good

Disclaimer
These particulars are compiled with care to give a fair description, but we cannot guarantee their accuracy and they do not constitute an offer or contract. The specification is the anticipated specification but may be subject to change as necessary and without notice. The developer reserves the right to change specifications, designs, floor plans and site plans at any time. Room dimensions are subject to change and should not be used when ordering floor coverings or furnishings. Any photographs or computer generated images are indicative of the quality and style of the specification and may not represent the actual fittings and furnishings at the development. Specification is not intended to form part of any contract or warranty unless specifically incorporated in writing into the contract. All journey times stated are approximate, source google.com, tfl.gov.uk and crossrail.co.uk.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £3,675.97

Total Interest: £473,348.61

Overall Total: £1,323,348.61

Amortization For Monthly Payment: £3,675.97 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£26,949.74 £17,161.88 £832,838.12 
2026£26,392.44 £17,719.18 £815,118.94 
2027£25,817.03 £18,294.59 £796,824.36 
2028£25,222.94 £18,888.68 £777,935.68 
2029£24,609.56 £19,502.06 £758,433.62 
2030£23,976.26 £20,135.36 £738,298.26 
2031£23,322.40 £20,789.23 £717,509.04 
2032£22,647.30 £21,464.32 £696,044.71 
2033£21,950.27 £22,161.35 £673,883.37 
2034£21,230.62 £22,881.00 £651,002.36 
2035£20,487.59 £23,624.03 £627,378.33 
2036£19,720.43 £24,391.19 £602,987.14 
2037£18,928.37 £25,183.25 £577,803.89 
2038£18,110.58 £26,001.04 £551,802.84 
2039£17,266.23 £26,845.39 £524,957.45 
2040£16,394.47 £27,717.15 £497,240.30 
2041£15,494.39 £28,617.23 £468,623.07 
2042£14,565.09 £29,546.53 £439,076.54 
2043£13,605.61 £30,506.01 £408,570.53 
2044£12,614.97 £31,496.65 £377,073.88 
2045£11,592.16 £32,519.46 £344,554.43 
2046£10,536.14 £33,575.48 £310,978.95 
2047£9,445.83 £34,665.79 £276,313.16 
2048£8,320.11 £35,791.51 £240,521.64 
2049£7,157.83 £36,953.79 £203,567.85 
2050£5,957.81 £38,153.81 £165,414.04 
2051£4,718.82 £39,392.80 £126,021.25 
2052£3,439.60 £40,672.02 £85,349.23 
2053£2,118.83 £41,992.79 £43,356.44 
2054£755.18 £43,356.44 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 691,450

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

34%

Annual Rental Profit

£ 46,481

Cumulative Rental Profit

£ 464,808

Cost of Purchase

£ 53,950
  • Stamp Duty
    £ 30,000

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 21,250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 55,519
  • Mortgage Interest
    £ 31,115

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 13,464
  • Letting Fee
    £ 240
  • Maintenance
    £ 10,200
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 945,418
  • Final Equity Profit
    £ 480,610

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 464,808

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 1,384,560

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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