Alderney House, Watford, Hertfordshire, WD18
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
421 sq ft
39 sq m
Key features
- Excellent First Time Buy or Rental Investment
- Second Floor Flat
- Residents Parking
- Long Lease Remaining
- Quiet cul de sac
- Chain Free
Description
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
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£350 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1425
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
113 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: C
Alderney House, Watford, Hertfordshire, WD18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Watford Station0.8 miles
- Watford High Street Station1.1 miles
- Croxley Station1.2 miles
About the agent
Keller Williams Oxygen, Maidenhead
18 York Road, York House Maidenhead SL6 1SF
Keller Williams is all about a dedicated, bespoke and personal service. Our agents operate locally and have an unrivalled understanding of property in their area. We go the extra mile to sell your property. You will have one dedicated agent who will manage the transaction through from start to finish. To us, service is paramount and you will notice the difference at every step of your property journey.
Keller Williams is the number one estate agency in the world, with the highest number
Notes
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