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£480,000
Bedrooms
Bathrooms
Kings Group are Delighted to present this SOUGHT AFTER CHAIN FREE, TWO BEDROOM FIRST FLOOR RETIREMENT APARTMENT. (OVER 70S ONLY)
Welcome to this spacious and well-presented two-bedroom first-floor retirement apartment, perfectly designed for comfortable and convenient living in a friendly community setting.Step inside the welcoming entrance hall, which immediately gives a sense of space and light. To your right is a useful storage cupboard, ideal for coats, shoes, and household essentials. To your left, youll find a separate WC, perfect for guests, followed by the main bathroom, fitted with a modern suite and easy-access features for convenience and safety.
Both bedrooms are set quietly to the rear of the property, providing a peaceful retreat. The master bedroom offers generous proportions and ample wardrobe space, while the second bedroom makes an excellent guest room, hobby space, or study. To the right of the hallway, you enter the heart of the home a bright and spacious open-plan lounge and kitchen area. This well-designed living space offers plenty of room for both seating and dining, complemented by a contemporary fitted kitchen with integrated appliances and ample storage. From the lounge, patio doors open onto a private balcony, providing a lovely spot to sit and enjoy the fresh air and views the perfect place to relax with a morning coffee or evening drink.
Residents also benefit from an excellent range of on-site facilities designed to make life easier and more enjoyable. These include:
A residents car park for convenience and peace of mind, Beautifully landscaped communal gardens to enjoy throughout the year, A welcoming bistro-style restaurant, ideal for socialising or dining with friends, A comfortable communal lounge with Wi-Fi access and a patio area, perfect for relaxing or meeting neighbours, A well-appointed guest suite available for visiting family and friends, Lift access to all floors for easy mobility.
Location - Edward House is very well-placed for someone who values town-centre living with strong transport links, a walkable location and access to amenities, yet still within a building that feels like its set apart for residential comfort. Its position on Pegs Lane offers ease of access without being in the very heart of the busiest retail zone, making it a strong choice for convenience and lifestyle. Youll find a variety of shops, cafs, and services within walking distancebeing so close to the town centre means everyday conveniences are readily available. For recreation, heritage and local character feature strongly: Hertford offers historic architecture, riverside spots, and green spaces, all within a short walk. The immediate area around Pegs Lane is serviced and maintained, making it suitable for both local living and slightly more formal/residential-use properties.
Travel Links - Train access is very good: the nearest station (Hertford?East?station) is approximately 1 km away from SG13 8FQ. Road links are also favourable: Hertford sits off the A414 connecting the A1 and A10 corridors. Bus services and local stops are easily reachable from the address, making both local errands and wider travel convenient.
Council Tax Band - D
Construction Type - Standard (Brick, Tile)
Flood Risk - Rivers & Seas: Very Low, Surface Water: Very Low
Lease Length - 992 Years
Ground Rent - 510 Per Annum
Service Charge - 13,886.88 Per Annum (Breakdown)
Estate Manager who ensures the development runs smoothly
CQC Registered care staff on-site 24/7 for your peace of mind
1 hour cleaning / domestic assistance per week, per apartment
24hr emergency call system
Monitored fire alarms and door camera entry security systems
Maintaining lifts
Heating and lighting in communal areas
The running costs of the onsite restaurant
Cleaning of communal areas daily
Cleaning of windows
Maintenance of the landscaped gardens and grounds
Repairs & maintenance to the interior communal areas
Contingency fund including internal and external redecoration of communal areas
Buildings insurance, water and sewerage rates
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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