*Offered on a 70% Shared Ownership, with staircasing option available*
Set within the highly regarded Hammond Court development on Watermill Lane, this beautifully presented one-bedroom apartment offers contemporary living in a secure, modern setting. Built in 2015 and finished to an excellent standard throughout, the property combines generous internal space with stylish design.
Positioned on the third floor with lift access, the apartment extends to approximately 550 sq ft and benefits from an impressive open-plan living arrangement designed for both relaxing and entertaining.
Upon entering, a bright and welcoming hallway provides access to all rooms and features a large storage cupboard, ideal for everyday essentials and longer-term storage. The main living space is a standout feature of the home, a spacious open-plan reception room with clearly defined areas for dining and lounging, enhanced by excellent natural light from the glazed doors leading onto the private balcony.
The contemporary kitchen is fitted with sleek high-gloss units, modern work surfaces and integrated appliances, offering both practicality and a refined finish while remaining sociable and open to the living area.
The double bedroom is generously proportioned and enjoys a calm, bright outlook, comfortably accommodating wardrobes and additional furnishings. The modern bathroom is finished in neutral tones and features a three-piece suite with a shower over bath and full-height tiling, creating a clean and timeless aesthetic.
A private balcony provides valuable outdoor space, ideal for morning coffee, evening relaxation, or simply enjoying views over the communal grounds.
The Development
Hammond Court is a well-maintained, modern development accessed via electronic security gates, offering residents peace of mind and a strong sense of community. The building benefits from smart entry systems, lift access, communal gardens, bike and buggy storage, and well-kept shared areas.
The Location
Watermill Lane is ideally positioned for convenience and connectivity. Silver Street station is within easy reach, providing direct services to London Liverpool Street and making commuting into the City straightforward.
Fore Street offers a wide range of shops, cafés and everyday amenities, while green open spaces, including Pymmes Park, are close by for leisure and outdoor activities. The property also benefits from excellent road links via the A10 and A406 North Circular, as well as proximity to North Middlesex Hospital.
Other Information...
Tenure: Leasehold (88 Years remaining)
Percentage of Ownership: 70% with staircasing option
Parking Arrangements: Gated parking with allocated space
Vendor's position: Actively looking
Council Tax Band: B (£1,683.13 p/yr)
Local Authority: Enfield
Accessibility at the property: Lift Access
Rent portion: £195.67 p/m
Service Charge: £308.37 p/m (includes building insurance)
Ground Rent: £0 (if owned on a % share)
Utilities
Water: Mains water connected to the property (metered)
Electricity: Property connected to mains electricity
Heating: Gas central heating
Drainage: Mains & Surface water drainage connected to the property
Windows: Double glazing
Broadband coverage: Ultrafast: 1000 Mbps Download Speed (Ofcom)
Mobile signal/coverage: Available for all networks (Ofcom)
100% Ownership option also available:
This stunning flat is also offered on a 100% basis with no monthly rent portion. The full value is set at £220,000
Tenure : Leasehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
