Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£2,825,000 Guide Price
Bedrooms
Bathrooms
Avenue Estates are delighted to present this LANDMARK DEVELOPMENT of FOUR LUXURY APARTMENTS, developed less than FIVE YEARS AGO, set atop Southbournes PRESTIGIOUS OVERCLIFF DRIVE. This LUXURY DEVELOPMENT boasts FOUR LARGE APARTMENTS, each with ALLOCATED PARKING, PRIVATE OUTDOOR SPACE and the FREEHOLD for the entire building.
'Flat One'
The largest of the four apartments, offering an internal footprint in excess of 1,700sqft, accommodation comprises a large entrance hall; an impressive open plan kitchen/dining space with a central island, separate larder cupboard and bi-folding doors leading to the private rear garden; a separate utility room; a separate dual-aspect living toom; a primary bedroom with a unique walk-in wardrobe, four piece en-suite bathroom and his & hers sinks; a second double bedroom with an en-suite shower room and fitted wardrobe space; a third double bedroom again boasting an en-suite bathroom and fitted wardrobe space as well as double doors leading to the rear garden; a further WC and a large airing cupboard.
Externally Flat One benefits from two allocated parking spaces to the front of the block, and a large rear garden.
'Flat Two'
The first of two first floor apartments, accommodation offers an entrance hallway, a large primary bedroom with an en-suite shower room; a second double bedroom; a large family bathroom; and an impressive open plan kitchen-living space with a breakfast bar, integrated appliances and sliding doors leading to the sunny, south facing balcony.
Externally, Flat Two benefits from a single allocated parking space at the front of the block.
'Flat Three'
The second of the two first floor apartments, accommodation boasts an entrance hallway; two large double bedrooms both with sliding doors leading out onto the south facing balcony; the primary of which boasts a dual aspect and en-suite bathroom; a family bathroom; and a large open plan living space with integrated appliances and a breakfast bar.
Externally, Flat Three benefits from a single allocated parking space to the front of the block.
'Flat Four'
An impressive, spacious second floor apartment which boasts sea views and offers accommodation comprising an entrance hallway; a primary double bedroom with an en-suite bathroom; a second double bedroom with a unique skylight; a large four piece family bathroom; a superb open plan kitchen-dining space with integrated appliances and a breakfast bar, with a semi-open plan adjoining living room with sliding doors leading out the south facing balcony and its impressive sea views.
Externally, Flat Four benefits from a single allocated parking space to the front of the block.
Contact Avenue Estates today for further information on this unique opportunity!
For early access to upcoming property, follow Avenue Estates on Facebook & Instagram!
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
