Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£105,000 Guide Price
Bedrooms
Bathrooms
Avenue Estates are delighted to present for sale this ONE DOUBLE BEDROOM second floor flat set in a POPULAR RETIREMENT DEVELOPMENT in the HEART OF BOURNEMOUTH TOWN CENTRE.
Accommodation is well maintained throughout and comprises an entrance hallway with a large storage cupboard and access to the loft space; a separate modern fitted kitchen; a generous dual aspect lounge with picturesque garden views across Bournemouth; a spacious primary bedroom boasting fitted wardrobes and garden views; and an adapted family bathroom.
Externally, the block offers residents parking on a first come, first served basis, as well as ample visitor parking. There is a well maintained communal garden to be enjoyed by residents, as well as a communal lounge, hosting regular coffee mornings, quiz nights and much more. Should family or guests wish to visit, the block offers a private guest suite which can be booked ahead of time via the House Manager.
Situated in Grosvenor Court, Suffolk Road, the property is superbly located in the heart of Bournemouth Town Centre. Within just a short walk, residents can find a bustling highstreet full of independent coffee shops, eateries and convenience stores, as well as the award winning sandy beaches of Bournemouth. For those looking to travel further afield, there are several bus stops nearby, and Bournemouth Station is also within close proximity.
Tenure: Share of Freehold
Service Charge: 527.09 quarterly, totalling a yearly cost of 2,108.36
Contact Avenue Estates today to book your viewing of this chain free retirement flat.
For early access to upcoming listings, follow Avenue Estates on Facebook & Instagram.
Map location is not available for this property.
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
