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£160,000 Guide Price
Bedrooms
Bathrooms
Alexander & co **first floor** **water rates covered in service charges** **secure parking**
Set on the first floor of this gated development with secure lit parking and lift to all floors, is this large one double bedroom apartment. The property is located within a stones throw from the town centre, & walking distance to both the mainline station to London Marylebone and bus station. The main entrance to the building is set behind secure drive-in and pedestrian gates, all accessbile with a keyfob, code and intercom system. The communal entrance lobby is fully lit at night, has stairs rising to all floors and a fully serviced lift to all floors.
The front door of the apartment opens into the hallway giving access to all rooms. And houses a full size cupboard for storage with a gas baxi boiler. The open plan living room has a sliding door leading to a juliet balcony. The fully fitted kitchen has an integrated oven, hob, extractor hood, washer dryer, dishwasher and fridge freezer.
The master bedroom is a good size double room looking out across Aylesbury town. The bathroom is fitted with a bath complete with overhead shower, hand wash basin, low level w/c, heated towel rail and an extractor hood.
Externally, there is wide allocated parking bay for one vehicle as well as five visitors parking bays. Communal bins are located at the bottom of the carpark.
Ground rent: Approx. 150 per annum (75 every 6 months)
Service Charges: Approx. 1454.26 per annum (727.13 every 6 months and water rates included)
Lease: 125 years from Sept 2003
for the investment buyer:
Rent & Potential Yield: Circa 725pcm-750pcm approx. 5.63% gross yield*
*Based on 750pcm at the full guide price
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.
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