Keller Williams UK
1 bed Flat Sold

Arran House, Pioneer Way, Watford, Hertfordshire, WD18

£215,000 Guide Price

Property Description

  • Recently extended lease
  • One Bedroom flat
  • Modern block
  • Generating 11k in rental income
  • Close to Watford Underground Station
  • Close to Watford General Hospital
  • Car Parking included
  • Ideal for First Time Buyers or Investors

A lovely well designed flat in a modern block providing convenient living for a single or couple. This first 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 ideal for a single person or couple to enjoy comfortable and convenient living. It has double glazing and electric heating throughout to keep energy bills at a minimum.

Arran House itself is a quiet small block with parking 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.

The flat represents excellent value for money, especially since THE LEASE HAS RECENTLY BEEN EXTENDED TO OVER 150 YEARS, meaning there is ZERO GROUND RENT PAYABLE.

Service charge includes insurance, communal cleaning and maintenance and is currently £2025 per annum

For investors, market rent for this flat is £1000 per calendar month, representing an annual rental yield of over 5% and would attract extremely high demand from professional tenants.

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: 160 years

Current ground rent and any review period:
- £1 per year
- 1 year

Current service charge and any review period:
- £2,000 per year
- 1 year

Council tax band: C

To discuss this property please contact Dayalan Mahesan on: