2 bedroom apartment for sale

£210,000

2

Bedrooms

1

Bathrooms

Floorplan

Situated in the prestigious St. Clements Court East, right in the heart of Leigh and adjacent to the picturesque Leigh Library Gardens, this generously sized two bedroom first floor apartment offers incredible potential. In need of modernisation throughout, this competitively priced home comes with the added benefit of no onward chain, providing a blank canvas for those eager to create their ideal home in a prime location. The apartment features a spacious lounge, well-proportioned kitchen, large bedrooms, a bathroom suite, and allocated parking, along with access via both communal lifts and stairs.
Location directly off The Broadway with an array of shops, bars, cafs and restaurants whilst also being a short walk from Leigh mainline station with direct links into London Fenchurch Street as well as Old Leigh and everything it has to offer. Excellent local schools are also nearby, the property being within the Leigh North Street Primary and Belfairs Academy catchments. Viewings Advised.

Two Bedroom First Floor Apartment
Sought After St. Clements Court East Complex
No Onward Chain
Generous Size Accommodation
Allocated Parking Space
Prime Leigh-On-Sea Location Adjacent To Library Gardens
Broadway Shops, Bars & Restaurants On Your Doorstep
Needing Modernisation
Lofts To All Floors
Excellent School Catchments
Walking Distance To Leigh Mainline Station
Viewings Advised

Communal entrance door leading to communal hallway with lifts and stairs leading to first floor, private entrance door to:
Entrance Hall Fitted carpet, entry phone system, power points, large storage cupboard, airing cupboard housing tank, doors to accommodation off:
Lounge 158 x 119 Double glazed windows to front and side, fitted carpet, TV point, power points, door to:
Kitchen 96 x 87 Stainless steel sink and drainer unit, storage cupboards and drawers, space and pluming for washing machine, space for cooker, further appliance spaces, double glazed windows to side, power points.
Bedroom One 119 x 103 Double glazed window to front, fitted carpet, power points.
Bedroom Two 115 x 611 Double glazed window to front, fitted carpet, power points, storage cupboards.
Bathroom 78 x 77 Three piece suite comprising panelled bath, wash basin, push button W.C., fitted carpet, storage cupboard.
Outside & Parking The property benefits from an allocated parking space and well tended communal gardens.
Lease Info 125 years from 1st Feb 1982 therefore approx. 81 years remaining. We are advised the service charge is 500 per quarter inc building insurance, water, sewerage, cleaning of common areas and rubbish management.




PLEASE NOTE:-
We recommend our customers use our panel of Conveyancers/Solicitors. It is your decision whether you choose to deal with our recommendation, and you are under no obligation to do so. You should know that we may receive a referral fee of 150 to 200 per transaction from them.Should you arrange a Mortgage through our recommended mortgage advisor, again of which there is no obligation we will receive a commission fee. The amount of commission will depend on the size of the loan and any associated products that you decide to take.The Consumer Protection from Unfair Trading Regulations 2008 (CPRs).These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regard to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.


Features
  • Freehold

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

£ 165450

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
    £ 5250
  • 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

Adjust these figures

£

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

£ 7950
  • 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.

£

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.

Total Profit

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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