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86-88, SS2 6HZ
£160,000 Offers in excess of
Bedrooms
Bathrooms
Reception
NO ONWARD CHAIN Ideal purchase for a first time buyer or buy to let investment.
This charming ground floor one-bedroom flat is perfectly situated in the vibrant heart of Westcliff on Sea. Recently redecorated, the property is ready for immediate occupancy and boasts the advantage of having no onward chain.
Nestled at the corner of Electric Avenue and London Road, this flat is just a stones throw away from a variety of local amenities, including shops and restaurants. The proximity to Southend University Hospital adds to its appeal, especially for healthcare professionals. Additionally, Westcliff Train Station is less than a mile away, providing excellent transport links for commuters.
Upon entering the property, you are greeted by a welcoming entrance lobby. To your left, youll find the open-plan lounge and kitchen area. The kitchen is equipped with a modern range of base and wall units, offering ample storage space. Integrated appliances, including a fridge/freezer and washing machine, add to the convenience and functionality of the space.
The property features a spacious double bedroom, providing ample room for a large bed and additional furniture. The bedroom benefits from plenty of natural light, creating a bright and airy atmosphere. This comfortable space is perfect for relaxation and rest, ensuring a peaceful nights sleep.
The bathroom has been finished to a high standard, featuring a stylish walk-in shower, a chrome heated towel rail, a low-level flush WC, and a pedestal hand wash basin. These modern fixtures and fittings provide a touch of luxury and ensure a comfortable living experience.
Call Ayers & Cruiks now to arrange your viewing.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
86-88, SS2 6HZ
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