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£110,000 Offers over
Bedrooms
Bathrooms
A modern ground floor flat with allocated parking close to Pershore town centre.
Description
The flat is accessed via the communal hallway with a secure buzzer entry system.
The front door opens into the entrance with plenty of useful storage for coats and boots. There are doors to the bathroom and sitting room.
The sitting room overlooks the green space at the front of the block. There is a large window flooding the space with light. It has a wall mounted fire and lino flooring.
The modern bathroom has been fitted with a contemporary suite comprising panelled bath with shower over, WC and basin with storage cupboard underneath. There is tiling to the walls, laminate flooring and an obscure window.
The kitchen is fitted with matching cream wall and base units with chrome handles, topped with laminate worktops with under counter space for a washing machine and dryer. There is a window facing the rear aspect, tiled splashback, built-in oven, hob, and sink with mixer tap.
The two bedrooms are both double rooms, bedroom one has a window facing the rear and bedroom two has a window facing the front aspect.
Outside
Outside the flats is a communal garden area and allocated parking.
Council tax band - A.
Location
The market town of Pershore has a lot to offer with amenities including independent shops, an under-cover market, a supermarket, leisure facilities, a theatre, medical centres, a library and excellent schools nearby.
The River Avon runs to the east of the town and has a wealth of scenic countryside walks.
Fees
Reservation Fee - refundable on exchange
A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase other than as a result of:
1. Any structural issues arising from any survey
2. Serious defect in the seller€™s legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown
The reservation fee will depend on the level of your agreed offer for the property:
An agreed offer under 500,000 will be 500 inclusive of vat
an agreed offer between 500,000 and 1,000,000 will be 1,000 inclusive of vat
all agreed offers over 1,000,000 will be 1,500 inclusive of vat
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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