Pumphouse Crescent, Watford, WD17

Welcome to this exceptional one bedroom ground floor flat, offered on a 50% shared ownership basis, situated in the vibrant heart of Watford.

Perfectly positioned for both convenience and comfort, this beautifully presented property has recently undergone redecoration with fresh paintwork and plush new carpets, creating a welcoming and contemporary living environment that is ready to move into.

Step inside and you will immediately notice the attention to detail and the high standard of finish throughout, with a spacious open plan lounge/kitchen/dining room that provides ample room for both relaxation and entertaining, as well as a modern fitted kitchen that is both practical and stylish. The generous double bedroom offers a peaceful retreat, featuring plenty of space for storage and natural light, while the well-appointed bathroom is finished to an excellent standard. The flat’s prime location places you just moments from Watford Junction Station, making commuting to London and beyond both quick and easy, while the wide range of shops, cafes and amenities of central Watford are right on your doorstep, ensuring everything you need is within easy reach. For those who enjoy leisure and recreation, Watford Fields Park is just a short stroll away, offering the perfect spot for a morning jog or a relaxing walk.

This property represents a fantastic opportunity for first time buyers and professionals alike, combining affordable shared ownership with a superb standard of living in one of Watford’s most sought after locations.

Do not miss your chance to secure this lovely flat in such a desirable area, where stylish interiors and an unbeatable location meet to offer a truly outstanding home.

Arrange your viewing today and discover for yourself the comfort, convenience and quality on offer in this wonderful ground floor flat.

Agents Notes RE Shared Ownership:

Sales Information:

• Percentage: 50%

• Price: £112,500 (50% of the 100% market value £225,000)

• Staircasing: The buyer can purchase more shares simultaneously, in 10% minimum tranches, whilst purchasing the property.

• Lease term: 111 years remaining

• Pets: You must seek Paradigm’s approval if you wish to keep a pet in your home.

Charges payable:

The current monthly charges of the 50% share payable to Paradigm are broken down as follows:

• Rent- £289.50

• Service charge total (excluding rent) - £170.41 (Includes Service charge £113.49, Estate charge £0.00, Buildings insurance £2.35, Management fee £30.65, Reserve fund payment £23.92)

Eligibility Assessment:

You can apply to buy the home if both of the following

apply:

• your household income is £80,000 or less

• you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs

One of the following must also be true:

• you're a first-time buyer

• you used to own a home but cannot afford to buy one now

• you're forming a new household - for example, after a relationship breakdown

• you're an existing shared owner, and you want to move

• you own a home and want to move but cannot afford to buy a new home for your needs

If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.

As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.

Disclaimer

We have prepared these particulars as a general guide of the property and they are not intended to constitute part of an offer or contract. We have not carried out a detailed survey of the property and we have not tested any apparatus, fixtures, fittings, or services. All measurements and floorplans are approximate, and photographs are for guidance only. These should not be relied upon for the purchase of carpets or any other fixtures or fittings.

Where applicable, Lease details, service charges and ground rent have been provided by the client and should be checked and confirmed by your solicitor prior to exchange of contracts.

The annual Council Tax charge is reviewed annually by the Local Authority and could be subject to an increase after March each year.