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£700,000 Guide Price
Bedrooms
Bathrooms
Avenue Estates are delighted to present this STUNNING SEA VIEW APARTMENT set atop the PRESTIGIOUS SOUTHBOURNE OVERCLIFF. This THREE DOUBLE BEDROOM first floor apartment boasts a SUBSTANTIAL SUN DECK, an impressive OPEN PLAN LIVING SPACE and permits AIR BNB SHORT TERM LETS and is being offered CHAIN FREE.
Accommodation is bright and spacious throughout and comprises an inviting entrance hallway; an impressive open plan kitchen-living space with a breakfast bar, panoramic sea views and direct access to the sun deck; a primary bedroom with a luxury en-suite shower room and double doors leading to the sun deck; two further double bedrooms to the rear of the apartment; and a modern, fully tiled wet-room with a shower and separate bath.
Externally, the property boasts an impressive sun deck with uninterrupted, panoramic sea views across the Bournemouth Bay. There are two allocated, off road parking spaces and plenty of on road parking on the adjacent street and the block comprises of just four flats.
Situated at the pinnacle of Southwood Road, the property offers an unbeatable location being set atop the prestigious clifftops of Southbourne, with its award winning, sandy beaches below. Southbourne Grove is a short walk away with its bustling high-street, teeming with independent coffee shops, eateries, bars and convenience stores.
Tenure: Share Of Freehold
Maintenance: Approximately 1,200 per annum
Ground Rent: Peppercorn
For more information and to arrange your viewing of this stunning property, contact Avenue Estates today!
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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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