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£225,000
Bedrooms
Bathrooms
We are pleased to offer a beautiful first floor apartment with vaulted ceilings and polished oak flooring. It features spacious open plan living room with featured gas fire, modern kitchen with granite work surfaces, integrated appliances inc. oven and hob, fridge/freezer, double French doors leading to a balcony. Two double bedrooms, with en-suite and fitted wardrobes to the master bedroom. Three piece bathroom with shower over bath and with built in cupboard for washing machine. The centrally located apartment has allocated parking and is located on the corner of Warwick Square and Warwick Road within a few minutes walk to the town centre. The property also benefits from ample storage, gas central heating and double glazing. MUST BE VIEWED TO APPRECIATE THE QUALITY APARTMENT ON OFFER.
Communal Entrance - Door from the side with intercom system, leading into carpeted communal hall with stairs leading to apartment.
Entrance Vestibule - Solid wood panel door leading into apartment, polished oak wood flooring, radiator and storage cupboard
Lounge - 6.365 x 4.642 (2010' x 152' ) - Open plan lounge with stairs leading down to kitchen, polished oak wood flooring with gas fire, wood-framed double-glazed window, two chandeliers and storage cupboard.
Kitchen Diner - 4.628 x 3.799 (152' x 125') - Modern wall and base units with complimentary granite worktops, integrated oven and hob, fridge, freezer, dishwasher and spotlighting to ceiling. Wooden with glass panel patio doors lead onto a balcony.
Bedroom 1 - 3.779 x 3.556 (124' x 117') - Master double room with carpet flooring, built in wardrobes, radiator and two wood-framed double-glazed windows.
En-Suite - 2.609 x 1.196 (86' x 311') - Vinyl flooring with large shower, W.C, vanity sink unit, towel radiator and one wood-framed double-glazed window.
Bedroom 2 - 3.588 x 3.544 (119' x 117') - Double room with carpet flooring, built-in wardrobes, a radiator and two wood-framed double-glazed windows.
Bathroom - 2.416 x 2.263 (711' x 75' ) - Vinyl flooring with W.C, vanity sink and bath with shower over and screen. Cupboard space for washing machine and/or dryer, radiator and wood-framed double-glazed window.
Further Information - The apartment comes with an allocated car space.
This property is leasehold with 982 years left on the lease.
Monthly service fee is TBC
Annual Ground Rent of 150.00 P/A
Annual Insurance contribution of 235.39 P/A
Council Tax Band B 1580.72 P/A
Map location is not available for this property.
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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