New homes UK > Hertfordshire > Watford > St Albans Road
St Albans Road in Watford by Legal & General Affordable Homes
Watford, Hertfordshire, WD24 5FH
2 bedroom apartments - From £152,000 for a 40% share
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about St Albans Road
Images may not necessarily depict the actual development and in some cases may be a typical example.
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New 2 bedroom Apartments Available with Shared Ownership
An exclusive new development in the heart of Watford
St Albans Road is a new development of two bedroom apartments in the vibrant town of Watford.
Designed with a contemporary interior, each apartment provides an impressive specification and benefits from outside south facing space.
St Albans Road is located just over a mile from the high street, which has seen a recent £2million investment, meaning residents can enjoy a wide choice of restaurants, shops and entertainment on their doorstep including Hertfordshire’s largest shopping centre, atria Watford. There are also plenty of ways to keep entertained, with a variety of theatres and attractions to choose from such as Watford Palace Theatre and Watford Colosseum, home of the best live music and entertainment outside of central London.
Commuters are perfectly placed to access both London and the Home Counties, with London Euston accessible in around 15 minutes from the nearby Watford Junction station, and the M25 in under 10 minutes by car.
Homes at St Albans Road will be ready to move into from late Summer 2021.
• Minimum share: 40%
• Minimum share value: £152,000
• Full market value: £380,000
• Estate charge: From £268 - £270 per month
• Rent on un-owned share: £523 per month
• Car Parking Space
• Cycle Storage
• NHBC 12 Year Warranty
• 5 minutes Walk to Watford Junction Station
What is Shared Ownership?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home – this is usually between 25 to 75 percent of the value of the property – and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).*
To be eligible for a home at St Albans Road, you’ll need to:
• Have a gross household income of no more than £80,000 per annum
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Not already own a home or you will have sold your current home before you purchase
• Eligible buyers must also be registered on Help To Buy
If you don’t meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
The images shown are indicative and intended to act as a guide only.