The Foundryin Hertfordshire
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The Foundry on the map of Hertfordshire
Mortgage in The Foundry
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | Mid-rise |
| 🟧 Quality Classification | High-end |
| 🟧 Number of floors | 7 |
| 🟧 Security & Safety | Fitted wireless intruder alarm |
| 🟧 Amenities | Estate managers service 5 days a week, Parcel management system, Residents’ only business suite (STTP), Enhanced outdoor space including a dining area and table tennis table, Electric car charging points are available to purchase |
| 🟧 Number of buildings | 1 |
| 🟧 Off-plan property | Yes |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | No |
| 🟧 Gym | No |
| 🟧 Swimming Pool | No |
| 🟧 Warranty | 10 year NHBC warranty |
| 🟧 Lift | Yes |
About the units
| 🟧 Ensuite | En suite to some units |
| 🟧 Bedroom | Fitted wardrobe to bedroom 2 |
| 🟧 Electricity & Lighting | Additional sockets |
| 🟧 Outside space | Outside socket to balcony/terrace, Outside tap to patio/terrace |
| 🟧 Bathroom | Fitted mirror, Fitted mirrored cabinet (to bathroom if apartment has an en suite), Shower above bath (to bathroom if apartment has an en suite) |
| 🟧 Communications | Additional media plate to bedrooms, Additional TV points to bedrooms |
| 🟧 Kitchen | Quartz worktop, Integrated dishwasher, Freestanding washer/dryer |
Property Description
The location of the new building
The Foundry is situated in the town of Hemel Hempstead in Hertfordshire. This is a great location surrounded by different parks. Also, the residential complex stands on the banks of the River Gade, offering stunning views of the water, greenery, and cityscape. The local transport interchange is represented by several bus stops located near the house. The location includes many hospitals, private clinics and pharmacies within walking distance. For children, you can choose one of the excellent nearby schools or nurseries.
The area offers excellent shopping opportunities, as the Riverside Shopping Center and Marlowes Shopping Center are located next to The Foundry. Here you can buy clothes, accessories, appliances and more. For fresh produce, head to Asda Hemel Hempstead Supermarket or Iceland Foods. If you are looking for a good place for a delicious breakfast, dinner or get-together with loved ones, feel free to visit local establishments such as Creams Cafe, Marlowes Cafe & Restaurant and Bombay Spice Lounge. In your spare time, you can watch a show at the Old Town Hall, check out a new movie at the Cineworld Cinema, or take a stroll at Gadebridge Park.
Which amenities surround the complex?
- Nurseries/Education: George Street Primary School (12 min), The Collett School (15 min), Lockers Park Preparatory School (15 min), Young Discoverers Pre-school (8 min), South Hill Primary School (13 min), The Hemel Hempstead School (15 min).
- Shopping: Riverside Shopping Centre (11 min), The Marlowes Shopping Centre (11 min), Asda Hemel Hempstead Supermarket (6 min), Iceland Foods (4 min), Londis (4 min), Pick & Save (6 min).
- Medical Facilities: The Marlowes Health And Wellbeing Centre (2 min), Hemel Hempstead General Hospital (11 min), Barton Lodge Veterinary Centre (5 min), Fernville Pharmacy (3 min), Dr D S Kerr - Longmeadow Surgery (6 min), N H S Herts Valleys C C G (12 min).
- Café/Restaurants: Bombay Spice Lounge (6 min), Monks Inn (6 min), Fireaway Pizza Hemel Hempstead (3 min), Creams Cafe (5 min), Marlowes Cafe & Restaurant (3 min), Garzotti Cafe Bistro (4 min).
- Entertainment: The Old Town Hall (8 min), Cineworld Cinema Hemel Hempstead (27 min), Cinema Hire (26 min), Jocketts Park Adventure Playground (33 min), Northridge Park Playground (33 min), Chaulden Adventure Playground (36 min).
- Others: Gadebridge Park (18 min), Keens Field (13 min), Spring Fields (22 min), Hemel Hempstead Library (2 min).
What are the architectural features?
The Foundry is a 7-storey residential complex built in a contemporary style. It is distinguished by an unusual exterior finish, as the external walls are made in three different versions. So, the building is covered with light beige, rich red and brown bricks. At the same time, all colours look harmoniously together. The Foundry comes with a flat roof, floor-to-ceiling windows and balconies with latticed railings.
What is available on-site?
Residents can always ask for help from the property manager, who works five days a week. They have access to the parcel management system. There is a business suite on the territory of the residential complex while residents can also visit the shared outdoor space to relax and socialise, which includes a dining area and tabletennis table. There are charging points for electric vehicles and allocated parking available on-site.
How to get around?
- Bus Stop: 1, 302, 320 Sapphire, 500, 748, 758, PB1 (4 min).
- Road Access: Dacorum Way, Marlowes, Midland Road.
- Car Rental: Holiday Car Hire (5 min), Enterprise Car & Van Hire - Hemel Hempstead (4 min).
- Others: Chauffeur Club (2 min), A1 Hemel Taxi (4 min).
What do the apartments look like?
The Foundry offers 1- and 2-bedroom apartments, most of which come with balconies. The kitchens feature quartz worktops and integrated appliances. The bathrooms come with mirrors, showers, bathtubs and high-quality sanitaryware.
About the developer
Established in 1946 as a small family business, Bellway has become one of the most successful and famous property development companies. Now the developer is employing more than 3,000 specialists. Bellway boasts a diverse portfolio of projects, including different types of houses and complexes. It ranges from nice one-bedroom apartments to luxury penthouses. On Korter, you can find all the Bellway’s projects, for example, Copperhouse Green in Kent, Amen Corner in Berkshire, Apsley Quay in Hertfordshire, Lexington Gardens in London, and others. More detailed information is available on the official website.
