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£210,000 Offers in excess of
Bedrooms
Bathrooms
Avenue Estates are delighted to present for sale this TWO DOUBLE BEDROOM first floor apartment with ALLOCATED PARKING and a LONG LEASE just a SHORT WALK FROM BOSCOMBE BEACH. Well presented throughout with a SEPARATE DINING ROOM, this spacious flat is offered with NO FORWARD CHAIN and would make a superb FIRST TIME BUY or INVESTMENT.
Accommodation is bright and well presented throughout, comprising an entrance hallway with a generous airing cupboard offering ample storage; large living room with a feature exposed brickwork wall; an open plan modern, fitted kitchen; a separate dining room; a modern, fully tiled shower room; and two spacious double bedrooms, each with plenty of wardrobe space.
The property boasts double glazing throughout and gas central heating controlled via a Hive smart system which can be managed remotely from your phone. Externally, the property boasts an allocated parking space to the rear of the building.
Situated in Wolverton Road, a popular residential street in Boscombe, the property is in a fantastic location being less than ten minutes to Pokesdown Train Station with a main line to London Waterloo. Boscombe high street is just a a short walk away with a friendly local Post Office, well regarded local Fish & Chip shop and an EU-wide award-winning bakery. Kings Park is also just a short walk away and if you prefer the beach, Boscombe Overcliff and its award-winning beaches can be easily reached through the peaceful Woodland Walk.
Tenure: Leasehold with approximately 164 years remaining
Service Charge: Approximately 1,500 per annum
Ground Rent: Peppercorn
To arrange your viewing of this super first floor flat, 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: £908.18
Total Interest: £116,944.95
Overall Total: £326,944.95
Amortization For Monthly Payment: £908.18 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £6,658.17 | £4,239.99 | £205,760.01 |
| 2026 | £6,520.48 | £4,377.68 | £201,382.33 |
| 2027 | £6,378.33 | £4,519.84 | £196,862.49 |
| 2028 | £6,231.55 | £4,666.61 | £192,195.87 |
| 2029 | £6,080.01 | £4,818.16 | £187,377.72 |
| 2030 | £5,923.55 | £4,974.62 | £182,403.10 |
| 2031 | £5,762.00 | £5,136.16 | £177,266.94 |
| 2032 | £5,595.21 | £5,302.95 | £171,963.99 |
| 2033 | £5,423.01 | £5,475.16 | £166,488.83 |
| 2034 | £5,245.21 | £5,652.95 | £160,835.88 |
| 2035 | £5,061.64 | £5,836.53 | £154,999.35 |
| 2036 | £4,872.11 | £6,026.06 | £148,973.29 |
| 2037 | £4,676.42 | £6,221.75 | £142,751.55 |
| 2038 | £4,474.38 | £6,423.79 | £136,327.76 |
| 2039 | £4,265.77 | £6,632.39 | £129,695.37 |
| 2040 | £4,050.40 | £6,847.77 | £122,847.60 |
| 2041 | £3,828.03 | £7,070.14 | £115,777.46 |
| 2042 | £3,598.43 | £7,299.73 | £108,477.73 |
| 2043 | £3,361.39 | £7,536.78 | £100,940.95 |
| 2044 | £3,116.64 | £7,781.52 | £93,159.43 |
| 2045 | £2,863.95 | £8,034.22 | £85,125.21 |
| 2046 | £2,603.05 | £8,295.12 | £76,830.09 |
| 2047 | £2,333.68 | £8,564.49 | £68,265.60 |
| 2048 | £2,055.56 | £8,842.61 | £59,422.99 |
| 2049 | £1,768.41 | £9,129.76 | £50,293.23 |
| 2050 | £1,471.93 | £9,426.24 | £40,866.100 |
| 2051 | £1,165.83 | £9,732.34 | £31,134.66 |
| 2052 | £849.78 | £10,048.38 | £21,086.28 |
| 2053 | £523.48 | £10,374.69 | £10,711.59 |
| 2054 | £186.57 | £10,711.59 | £0.00 |
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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Fri May 02 2025
All confirmed! We look forward to speaking with you.
Fri May 02 2025
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