2 bedroom flat for sale

£400,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

'' GUIDE PRICE 400,000 - 425,000 '' Located within this sought after development on Westcliff Seafront is this spacious and beautifully presented two bedroom ground floor apartment which offers stunning estuary views from the south facing balcony as well as the lounge/ diner and master bedroom. Offering a 235 lounge/ diner, two double bedrooms as well as a modern fitted kitchen and bathroom, the property further boasts an allocated parking space within the secure underground car park along with additional visitors parking. Located within easy access of Westcliff rail station and the shopping facilities, restaurants and bars of Hamlet Court Road, the property is being offered with a share of the freehold and we would highly recommend an internal viewing to appreciate the size and quality of the accommodation on offer.

Accommodation Comprising - Front door with ramped entrance and security entryphone system leading to communal entrance lobby with lift and stairwell access to all floors and the underground parking, own built in secure storage cupboard, own front door to...



Entrance Hall - Radiator, built in storage cupboard, additional meter cupboard, coved ceiling, doors off to...

Lounge/ Diner - 7.14m x 4.09m (235 x 135) - Double glazed patio doors to front leading offering fantastic sea views and giving access to the balcony, dual aspect double glazed windows to front and rear, two radiators, coved ceiling...







Balcony - Accessed via both the lounge/ diner and main bedroom the balcony is paved with stainless steel balustrade and glass panelling offering panoramic estuary views...



Bedroom 1 - 4.04m x 2.95m (133 x 98) - Double glazed window to front offering panoramic sea views, double glazed door providing access to balcony, radiator, built in wardrobes with sliding mirrored doors, coved ceiling with ceiling rose...







Bedroom 2 - 4.04m x 3.10m (133 x 102) - Double glazed window to rear, radiator, built in wardrobe with sliding mirrored doors, further range of fitted wardrobes, coved ceiling...



Kitchen - 3.89m x 3.10m (129 x 102) - Range of modern fitted base units with complementing working surfaces over, inset single drainer composite sink unit, integrated five burner gas hob with extractor hood over, integrated Bosch eye level oven and microwave, space and plumbing for washing machine and dishwasher, space for American style fridge/ freezer, matching range of wall mounted units, cabinet underlighters, laminate flooring, double glazed window to rear...





Bathroom - Modern suite comprising fully tiled shower cubicle with glazed door, plunge bath, vanity wash hand basin, low level W.C., tiled splashbacks, radiator, smooth plastered ceiling with inset spotlights, obscure double glazed window to front...

Separate W.C. - White suite comprising low level W.C., vanity wash hand basin, tiled splashbacks, radiator, smooth plastered ceiling with inset spotlights...

Externally -

Communal Gardens - Well tended gardens surrounding the property...

Parking - Underground parking accessed by secure roller door working on sensor with one allocated parking space, additional resident and visitors parking on ground floor with multiple spaces...





Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 332700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 32700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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.

Total Profit

£
  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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Notes

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