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£260,000 Guide Price
Bedrooms
Bathrooms
'Guide Price 260,000 - 270,000' Avenue Estates are delighted to present this TWO DOUBLE BEDROOM GROUND FLOOR FLAT offered in SUPERB CONDITION within a PRIVATE, GATED DEVELOPMENT in the popular DEAN PARK ESTATE. The property is offered with NO FORWARD CHAIN and boasts a PRIVATE PATIO area, EN-SUITE SHOWER ROOM and a LONG LEASE and would make a perfect FIRST TIME BUY.
Accommodation is bright and well appointed throughout, comprising a large entrance hallway with two fitted storage cupboards; a spacious open plan lounge-dining room with a set of French Doors leading to the private patio area; a separate modern fitted kitchen with integrated appliances; a generous primary bedroom with a fully tiled en-suite shower room; a second double bedroom currently used as a home office; and a fully tiled family bathroom.
Externally, the property boasts evident curb appeal, being set behind a secure set of electric gates with an allocated parking space. The flat is set on the ground floor to the rear of the development and benefits from a private patio space, as well as easy access to the communal garden.
Situated on Wimborne Road with access via Dean Park Road, Trinity Gate is a well maintained, modern development and is neatly set in the sought after Dean Park Estate with attractive grounds. The property is just a stones throw from Bournemouth Town Centre with a bustling shopping area, numerous bars and restaurants and blue flag award winning beaches. For commuters, Bournemouth Train Station is just a short walk away with a main line to London Waterloo.
Tenure: Leasehold with approximately 129 years remaining
Service Charge: 2,330 per annum
Ground Rent: 150 per annum
Contact Avenue Estates today to arrange your viewing of this superb ground floor flat!
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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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