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£240,000
Bedrooms
Bathrooms
A two-bedroom purpose-built flat located in the highly sought-after area of Moels Court, Moels Drive, Hoylake. This delightful property, constructed in 2004, offers a modern living experience with a generous space of 689 square feet, making it an ideal choice for individuals or small families seeking comfort and convenience.
As you enter the flat, you are greeted by a bright and airy reception room, perfect for relaxation or entertaining guests. The well-designed layout ensures that both bedrooms are spacious and inviting, providing a peaceful retreat at the end of the day. The property also features a well-appointed bathroom, catering to all your daily needs.
One of the standout features of this apartment is the allocated parking space, providing you with the convenience of off-road parking in this desirable location. Hoylake is known for its vibrant community and proximity to local amenities, including shops, cafes, and beautiful coastal walks, making it an excellent choice for those who appreciate a lively yet tranquil environment.
This new build flat is a must-see for anyone looking to invest in a property that combines modern living with a prime location. Whether you are a first-time buyer or seeking a rental opportunity, this apartment offers a fantastic chance to enjoy the best of Hoylake living. Dont miss out on the opportunity to make this lovely flat your new home.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,037.92
Total Interest: £133,651.37
Overall Total: £373,651.37
Amortization For Monthly Payment: £1,037.92 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £7,609.34 | £4,845.71 | £235,154.29 |
| 2026 | £7,451.98 | £5,003.06 | £230,151.23 |
| 2027 | £7,289.52 | £5,165.53 | £224,985.70 |
| 2028 | £7,121.77 | £5,333.27 | £219,652.43 |
| 2029 | £6,948.58 | £5,506.46 | £214,145.96 |
| 2030 | £6,769.77 | £5,685.28 | £208,460.69 |
| 2031 | £6,585.15 | £5,869.90 | £202,590.79 |
| 2032 | £6,394.53 | £6,060.52 | £196,530.27 |
| 2033 | £6,197.72 | £6,257.32 | £190,272.95 |
| 2034 | £5,994.53 | £6,460.52 | £183,812.43 |
| 2035 | £5,784.73 | £6,670.31 | £177,142.12 |
| 2036 | £5,568.12 | £6,886.92 | £170,255.19 |
| 2037 | £5,344.48 | £7,110.57 | £163,144.63 |
| 2038 | £5,113.57 | £7,341.47 | £155,803.16 |
| 2039 | £4,875.17 | £7,579.87 | £148,223.28 |
| 2040 | £4,629.03 | £7,826.02 | £140,397.26 |
| 2041 | £4,374.89 | £8,080.16 | £132,317.10 |
| 2042 | £4,112.50 | £8,342.55 | £123,974.55 |
| 2043 | £3,841.58 | £8,613.46 | £115,361.09 |
| 2044 | £3,561.87 | £8,893.17 | £106,467.92 |
| 2045 | £3,273.08 | £9,181.96 | £97,285.96 |
| 2046 | £2,974.91 | £9,480.13 | £87,805.82 |
| 2047 | £2,667.06 | £9,787.99 | £78,017.83 |
| 2048 | £2,349.21 | £10,105.84 | £67,911.99 |
| 2049 | £2,021.03 | £10,434.01 | £57,477.98 |
| 2050 | £1,682.21 | £10,772.84 | £46,705.14 |
| 2051 | £1,332.37 | £11,122.67 | £35,582.47 |
| 2052 | £971.18 | £11,483.86 | £24,098.60 |
| 2053 | £598.26 | £11,856.79 | £12,241.82 |
| 2054 | £213.23 | £12,241.82 | £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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