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£180,000
Bedrooms
Bathrooms
ARE YOU ARE OVER THE AGE OF 60 AND WANT STUNNING SEA VIEWS FROM YOUR HOME?
This one bedroom retirement property is situated in one of the best areas if you are looking to retire near the sea. Situated on the ground floor, but high enough to get those amazing views, this apartment is positioned in one of the best locations in the block and even has Palm Trees directly outside.
Internally the property boasts a modern kitchen and bathroom and the lounge, bedroom and dining room all have seaviews.
This apartment is also one of the only ones where you can gain direct access, so that you dont have to come through the reception area.
With no onward chain, we can show you around at your convenience.
Measurements - Hallway
Lounge 13 6' x 10 6' (4.11m x 3.2m)
Dining Area 8 8' x 7 4' (2.64m x 2.24m)
Kitchen 5 7' x 5 4' (1.7m x 1.63m)
Shower Room
Patio
Interior - As you enter this spacious apartment you will find a large welcoming lounge which looks straight out to sea. Adjoining the lounge is a dining room and then the kitchen can be found just off the dining room with a range of matching wall and base units and appliances. The bedroom has plenty of space to move around, has built in wardrobes and storage and offers a seaview to the side.
Exterior - At the front of the building you will find a communal car park with plenty of spaces available. Directly outside the apartment is a patio area which offers beautiful views out to sea and provides easy access if you want to use the patio doors as your main entrance.
Location - Situated at the bottom of Holland Road with the mainline station at one end and the seafront at the other and only a short journey to Southend or going the other way, to Leigh, this property is situated in a fantastic location and has everything you need on your doorstep.
Tenure - Leasehold
59 Years Remaining On The Lease
Ground Rent 443 per year
Service Charge 3,366 per year
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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