1 Bed Flat For Sale Scammell Way, Watford, WD18

£210,000- Flat

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Last Updated: 14th April 2024

Description

A lovely well designed flat in excellent condition throughout, providing ready-to-move-in convenient living. This second floor flat comprises of a welcoming entrance hallway, living room with open plan kitchen, double bedroom and a family bathroom. All rooms are well proportioned and well sized and ideal for a single person or couple. It has double glazing and electric heating throughout to keep energy bills to a minimum.

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.\r
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Leasehold Information\r
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Number of years remaining on the lease: 113 years\r
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Current ground rent and any review period:\r
- £350 per year\r
Current service charge and any review period: \r
- £1,425 per year\r
Council tax band: C
Agent Details
Keller Williams Oxygen
18 York Road, York House Maidenhead SL6 1SF

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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