About this property

AN OPPORTUNITY TO PURCHASE THIS 1 BEDROOM APARTMENT WITH THE FIRST HOMES SCHEME...

One of four exclusive First Homes are coming soon to Medburn Yard.

What is First Homes?
First Homes is a new scheme designed to help local first time buyers and key workers onto the property ladder, by offering homes at a discount of 30% compared to the market price. The discounts will apply to the homes forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.

To be eligible to purchase a First Homes, buyers will need to:

– Be first time buyers.
– Have a combined annual income not exceeding £80,000.
– Occupy a First Home as their sole or primary residence.
– Use a mortgage (or home purchase plan) for at least 50% of the discounted purchase value.

For the first three months that the First Homes are on sale, buyers must also meet one of the local eligibility criteria:
– Have a local connection to Hertsmere Borough.
– Be an essential worker employed within Hertsmere Borough.
– Be a member, spouse or veteran of the Armed Forces.

To discuss or learn more about Medburn Yard, please contact Stanmore New Homes on 0208 954 8626.

Situation
A first home, in one of Hertfordshire's most desirable villages.

Medburn Yard is a beautifully landscaped neighbourhood in the historic village of Radlett; tree-lined streets, independent shops and open green space, with effortless links into London. Our First Homes apartments sit within a genuinely sought-after neighbourhood, at the very heart of Medburn Yard.

With direct access onto Watling Street, and Radlett and Elstree stations nearby, this is an exceptional opportunity to become part of a neighbourhood that has inherited the peaceful rhythms of its rural surroundings and heritage. Carefully landscaped to enhance local biodiversity, here you can picnic with friends in sheltered squares, birdwatch by the seasonal pond and let children roam carefree through play areas.

Property Ref Number:

Additional information

• 1-Bed apartments with the First Homes Scheme
• Ideal for first time buyers
• Sustainable homes
• Generous green community spaces including informal play spaces and a pocket orchard
• Outdoor seating and enhanced biodiversity areas
• Boutique fitness centre
• A reuse and DIY centre supporting circular living and creativity
• Zero waste construction
• Electric Car & electric bike club in partnership with Polestar and Volt
• Close to The Hertsmere

Key information

Council Tax Band: TBC

Tenure: Leasehold

Leasehold Information:

• Number of years left on lease: 999 years
• Annual service charge: £1,100
• Annual ground rent: Contact branch
• Annual ground rent review period: Contact branch
• Ground rent increase: Contact branch