2 bedroom apartment for sale

£230,000

2

Bedrooms

2

Bathrooms

Floorplan

Full description

Tenure: Leasehold, 979 years remaining


'''NO ONWARD CHAIN''' A superbly proportioned and presented apartment offering excellent living space in an ideal location presented to a high standard. The accommodation briefly comprises secure communal entrance hall, private entrance hall, large open plan living dining kitchen with Juliette balcony. Principal bedroom with en-suite shower room/WC plus second double bedroom and main bathroom/WC. Allocated residents and visitors parking. Full concierge service and residents gym. Viewing is highly recommended to appreciate the proportions of the accommodation on offer.


Romana Square was constructed by Linden Homes Ltd and is a stylish elegant development built to the high standards of modern technology and benefitting from a Concierge service and gym.


The development is approached via an electric secure wrought iron gate and there is allocated parking for each apartment and ample visitors parking also. There is secure entry into the apartment building and apartment 61 is located on the first floor. The accommodation is superbly proportioned throughout and the entrance hall provides ample storage and opens up into a superb open plan living dining kitchen. The principal bedroom benefits from the en-suite shower room and there is a second double bedroom serviced by the main bathroom/WC.


The location is ideal being approximately 1 mile distant from the village centre of Timperley and approximately 1 1/2 miles from the comprehensive market town of Altrincham. Timperley Metrolink station is within easy reach and provides a commuter service into Manchester and the property is also well placed being within the catchment area of highly regarded primary and secondary schools.


A superbly proportioned duplex apartment which needs to be seen to be appreciated.


Accommodation -


Ground Floor -


Communal Entrance Hall - Secure entry system. Stairs to all floors.


First Floor -


Private Entrance Hall - Hardwood front door. Video entry system. Large storage cupboard. Radiator.


Open Plan Living Dining Kitchen Comprising - 21 10 x 10 6 -


Kitchen - Fitted with a comprehensive range of light wood wall and base units with work surface over incorporating a 1 1/2 bowl stainless steel sink unit with drainer. Integrated oven/grill plus four ring electric hob with stainless steel extractor hood. Integrated dishwasher, fridge and freezer. Under stairs storage cupboard with plumbing for washing machine.


Living And Dining Area - With ample space for dining suite. Sliding PVCu double glazed doors to Juliette balcony. Two radiators. Television aerial point. Stairs to third floor.


Bedroom 1 - 17 2 x 9 5 - PVCu double glazed window to the rear. Radiator. Television aerial point. Fitted wardrobes.


En-Suite - 7 3 x 5 3 - Fitted with a white suite with chrome fittings comprising tiled shower cubicle, WC and pedestal wash hand basin. Chrome heated towel rail. Recessed low voltage lighting. Extractor fan. Tiled splashback.


Bedroom 2 - 17 2 x 8 7 - PVCu double glazed window to the rear. Radiator.


Bathroom - 7 6 x 6 9 - Fitted with a white suite with fittings comprising panelled bath, vanity wash basin and WC. Part tiled walls. Heated towel rail. Recessed low voltage lighting. Extractor fan.


Outside -


Balcony - 9.32m x 2.16m (307 x 71) - A superbly proportioned outdoor seating area decked for easy maintenance.


Allocated residents and visitors parking. Communal gardens.


Services - Mains electric, water and drainage are connected.


Possession - Vacant possession upon completion.


Council Tax - Band 'F'


Tenure - We are informed the property is held on a Leasehold basis for the residue of a 999 year term commencing 31/01/2005 and Ground Rent is 352.25 PA and the current service charge is 150 PCM. This should be verified by your Solicitor.


Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline only or guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation or fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services, including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore solicitors should confirm movable items described in the sales particulars are, in fact included in the sale since circumstances do change during marketing or negotiations. Although we try to ensure accuracy, measurements used in this brochure may be approximate. Therefore if intending purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 180950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 8450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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