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£1,250,000 Guide Price
Bedrooms
Bathrooms
Penthouse apartment with 3 bedrooms, roof garden, superb views and parking for two cars.
ENTRANCE LOBBY RECEPTION HALL OPEN-PLAN LIVING ROOM/DINING ROOM KITCHEN PLANT ROOM LAUNDRY CUPBOARD CLOAKROOM THREE BEDROOMS THREE BATHROOMS GARDEN ROOM ROOF TERRACE
From the communal hall, a staircase and lift provides direct access into The Penthouse.
Entrance hall with secure private access to the lift.
Reception hall with large picture window and French door to the balcony, spiral staircase to the garden room, video entry phone system, elegant high ceilings and engineered oak flooring throughout.
Open-plan living/dining room a triple-aspect room with French doors to three Juliet balconies. A light, elegant living space with engineered oak flooring and high ceilings which provides both sitting and dining areas, with newly fitted electric fire, and sliding glass doors leading through to the
Kitchen with ceramic-tiled floor and fitted with an extensive range of wall and base kitchen unity with Corian-style work surfaces, one and a half sink and drainer unit, hob with stainless-steel extractor over, large built-in fridge, separate matching freezer and AEG appliances including dishwasher, built-in coffee machine, microwave and twin ovens.
Boot Room housing the gas-fired boiler.
Utility cupboard with ceramic-tiled floor, extractor fan and work surfaces with tiled splashback, space and plumbing for washing machine and tumble dryer.
Cloakroom extensively tiled, with low-level WC, pedestal wash hand basin, heated towel rail and door to Walk-in airing cupboard housing a hot water cylinder and water softener.
Principal bedroom with French door to Juliet balcony. Dressing room with a range of built-in shelving with hanging space. Separate door to
En suite extensively tiled, with panelled bath with mixer tap, separate tiled shower cubicle, wall-hung vanity unit with wash hand basin and drawer below, low-level WC and cupboard.
Bedroom 2 with Juliet balcony, door to
En suite extensively tiled with shower cubicle, WC, vanity unit with wash hand basin and heated towel rail.
Bedroom 3 with door to
En suite extensively tiled with a large shower cubicle, was hand basin, low-level WC and heated towel rail.
ROOF LEVEL
Garden room fully glazed walls and two pairs of French doors to
Roof terrace providing superb rooftop areas, with a treetop outlook over the town and towards the cathedral.
Parking there are two allocated parking spaces situated adjacent to the building.
GENERAL INFORMATION
Mains water, electricity, drainage and gas connected.
Gas central heating
Council tax band G - 3,477.32 West Suffolk
EPC rating B
Ofcom states Superfast Broadband is available
Ofcom states mobile signal is available
What3Words stables.stopwatch.ombudsman
Parking zone F - Southgate Corridor
The property is within a conservation area
999-year lease granted on 03/12/2010
Service charge is Circa 2,000 per annum includes buildings insurance
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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