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£190,000 Offers over
Bedrooms
Bathrooms
IS A CENTRAL LOCATION IMPORTANT TO YOU?
Conveniently positioned in the heart of Southend City Centre is this modern block of apartments and this particular apartment is show home ready and offers open plan living from the kitchen through to the lounge and space for a dining table and chairs in-between.
Navigating your way around the apartment, you will find a welcoming hallway which leads to a three piece bathroom on the right hand side and double bedroom ahead which offers plenty of light from the large window. The kitchen/diner/lounge offers plenty of space for entertaining or simply relaxing and with private balcony leading on from the lounge, you may even enjoy an evening watching the stars.
With allocated parking and a central location, this property really does need to be viewed; it would make a wonderful home as well as a great opportunity for first time buyers.
An additional bonus... there is no onward chain!
Measurments - Kitchen/Diner/Lounge - 198 x 126 (5.99m x 3.81m)
Bedroom - 122 x 96 (3.71m x 2.90m)
Bathroom
Interior - A modern finish throughout offering space to just move your furniture straight in, and upon entering the apartment you will find the bathroom on the right which comprises a three piece suite, moving forward, the bedroom has a large double glazed window providing plenty of light and there is space for a large bed, wardrobes and any other furniture you may need. The kitchen is fully fitted with ample storage space and integrated appliances. The storage cupboard is also a very welcome extra. Moving through, the dining area and lounge, there is a double glazed door leading out to the balcony with space for a table and chairs, which looks out across the City and greenery.
Exterior - There is communal parking for the apartment block residents and secure intercom system providing access to the building to increase security to your home. There are stairs and lift access to the apartment.
Location - Located on Victoria Avenue with only a short walk to Southend City shops, bars and restaurants, you will always feel like there is something to get out and do. Victoria Station is at the end of the road approximately only a couple of minutes away and if you head through the City centre, you will come to Southend seafront, Adventure Island theme park, amusements and more! Priory park is situated close by, which is ideal for families and dog walkers to enjoy the outdoors on a sunny day.
School Catchment - Barons Court Primary School
Milton Hall Primary School and Nursery
Chase High School
Tenure - Advised by the vendor
119 years remaining on the lease.
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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